"It's important to realize that we never had to choose."
On @SquawkCNBC, Groundwork's @owenslindsay1 discusses how those who said we had to choose between employment and inflation were flat out wrong.
.@SenWarren & @RepDean are taking on Coca-Cola, PepsiCo, & General Mills for ripping off Americans with shrinkflation, calling out the companies for charging consumers more for less while paying significantly lower effective tax rates on record profits.
Not every state has a ban on corporate price-gouging during emergencies — which is becoming all too common.
This is why it's important to have a federal ban in place — like the one Kamala Harris has proposed — so all Americans are protected regardless of where they live.
The Department takes all allegations of airline price-gouging seriously. We are keeping a close eye on flights in and out of areas affected by Hurricane Milton to make sure airlines are not charging excessively increasing fares.
We witnessed price gouging during the pandemic, & we are seeing it in the aftermath of Hurricane Helene. Already, 100+ complaints have been filed in NC, showing once again how quick companies are to take advantage of vulnerable families by inflating prices.
But I was told Greedflation was unpossible. https://news.bloomberglaw.com/litigation/mcdonalds-says-tyson-and-other-suppliers-fixed-beef-prices
Caregiving is a critical part of our healthcare system and economy. When we invest in the people who drive our economy, including the care they and their families need, we all get ahead.
Happening NOW! VP @KamalaHarris on @TheView announces a new plan to help families afford care by having Medicare cover home care. Gamechanger for 105.6 million family caregivers, especially all of us caring for children too. 👏👏👏👏
#KamalaWillDeliverCare
Day 2 at @Groundwork’s tax boot camp is off to a great start and I’m pumped to see my former @keithellison legislative assistant @mahyarsorour on stage talking about the stakes of the 2025 tax fight for achieving our climate goals.
An all-star panel to start the second day of @Groundwork #Tax Bootcamp. @SarahDAnderson1 @IndivarD @JessicaJFulton speak on #inequality: how the wealthy individuals + corporations rig the tax code to their advantage at the expense of everyone else. @JointCenter @IPS_DC
NEW: Former President Donald Trump's proposed tax policy changes would, on average, lead to a tax cut for the richest 5% of Americans and a tax increase for all other income groups.
The middle 20% of Americans would see an average tax increase of $1,530.
https://itep.org/a-distributional-analysis-of-donald-trumps-tax-plan-2024/
“We've seen that the economy can outperform what a lot of people thought." — @KittyRichardsDC
Economic policy works when it invests in the workers who power our economy. It’s time to stop indulging any theory that suggests otherwise.
This is true! The Trump Tax Law--most of which is set to expire next year--is expensive!
This underscores the basic truth that most of our fiscal challenges are because we've been cutting taxes, disproportionately for rich people, for the last quarter-century.
Reducing the corporate tax rate to 15% would boost the share of national income going to the top 5% by 1.6% while decreasing it for the bottom 50% by 4.8%, per @impamodel. In other words, the rich get richer while the rest of Americans get left behind.
Thanks @Groundwork and partners for hosting the Tax Bootcamp.
Our 2024 Human Needs Hero @EllenNissenbaum is presenting on the budget process and tax legislation timeline- the Human Needs community is lucky to have Ellen briefing us on our Wed Advocates Meeting most weeks!
