Truthout
Economy
Jayapal Leads Proposal for Constitutional Amendment to End Corporate Personhood
50 Democratic congressmembers joined Jayapal in introducing an amendment to “put power back into the hands of people.”
New Yorkers Previously Excluded From COVID Payments Win $2.1 Billion Relief Fund
The fund provides $2.1 billion in relief for those who have been excluded from the federal stimulus packages.
Biden and the Democrats Are Getting Serious About Raising Corporate Taxes
Democrats want to raise taxes on multinational corporations to help fund Biden's infrastructure plan.
Bessemer Workers Subsidize Amazon Through Local Tax. A Union Could Challenge It.
Alabama enticed Amazon to build the Bessemer facility by offering a subsidy financed by an income tax on residents.
Economy Adds 916,000 Jobs in March, But Long-Term Unemployment Remains High
The strong productivity growth from last year seems to be continuing.
Biden May Be Exploring $50K Student Loan Cancellation, Hints His Chief of Staff
Democrats have pressured Biden to cancel $50,000 in student debt, though he has previously come out against the idea.
Without a Wealth Tax, COVID’s Legacy Will Be Acceleration of Inequality
The world's 2,365 billionaires have seen their collective fortunes grow by $4 trillion during the pandemic.
What Does Capitalism in Crisis Look Like? A Ship Stuck in the Suez Canal.
Capitalists are contending with another blow to global supply chains already hard hit by the coronavirus pandemic.
Sanders Calls for Removal of DeJoy as House Dems Move to Block Assault on USPS
House Democrats introduced the DEJOY Act in response to the latest scheme by Trump's handpicked postmaster general.
US Billionaires Like Amazon’s Jeff Bezos Saw Wealth Grow by $1.3 Trillion
The massive gains come as pressure grows on lawmakers to impose new taxes on the top 1 percent.