“So while Republicans claim that funding the IRS will disproportionately hurt ordinary Americans, doing so actually makes it more likely that elites and workers will be treated equivalently.” A fully-funded IRS is key to making our economy more equitable for all of us.
“Extremists in the House are proposing radical, unpopular tax giveaways to the wealthiest Americans & fighting among themselves over who can propose [the cruelest] cuts to programs.” @KittyRichardsDC on today’s @SenateBudget hearing.
A new report from @EconomicPolicy found that CEO pay has increased 1,209.2% since 1978, with typical worker compensation rising just 15.3% over the same period of time. We need to rebalance the scales so we can build an economy that works for all of us.
NEW statement from the #ProsperUS coalition on the House Republican’s partisan short-term funding proposal: “These last-ditch efforts to slash critical investments in workers and families are deeply unpopular and doomed to fail.” Read more:
ICYMI: @KittyRichardsDC, @BilalBay, and @jcbecker_econ wrote a blog post detailing how inflation may be lower than it appeared in this week’s #CPI release, depending on how you measure shelter costs. Give it a read!
The team over @groundwork find that subbing in market rents for BLS shelter costs brings y/y headline CPI growth down to 2.4% in August, and below 2% in June and July.
Thread with the full story, and why this is so important to understand! 1/
In 2021 we chose to invest in families by expanding the child tax credit, drastically reducing childhood poverty. We let it expire & now have the biggest one-year increase in childhood poverty on record.
Poverty is a policy choice. We must choose differently.
“The vibes do matter. They are the result of distinct and real policy choices. We can do better.”
@rakeen_mabud reminds us that the pre-pandemic economy is not what we should be aiming for.
Unionized workers have the power to demand higher wages & safer workplaces. The public is on their side. Now it’s time for policymakers to pass pro-worker policies to turn the “summer of strikes” into a truly transformational period. #LaborRenaissance