ICYMI: It turns out 50 years of tax cuts for the rich didn’t trickle down — they widened the income gap instead. It’s time to build a tax system that works for all of us, not just the wealthy.
A new study shows that 50 years of tax cuts for the wealthy have failed to benefit the rest of us.
Instead of trickling down, they’ve widened the income gap. It’s time for a tax system that works for working families, not just the rich. https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/
As more companies use increasingly aggressive tools to monitor and assess workers with “black box” algorithms and artificial intelligence, the @CFPB and @USDOL are holding a joint hearing next week on the need to protect workers.
Corporate profits drove 53% of inflation in 2023.
While families struggled with rising costs, companies pocketed record profits by inflating prices beyond their own expenses. We think it’s time to hold these profit-driven companies accountable.
it goes without saying, but if inflation-adjusted wages are at an all-time high in all of us history, then it's also true that wages have grown faster than prices since the pandemic
ICYMI: The @FTC’s new "click to cancel" rule is a game-changer for consumers, making it easier to cancel subscriptions and avoid hidden fees.
As @owenslindsay1 put it, hard-to-cancel subscriptions are “just one of the many ways pricing feels unfair.”
The Biden-Harris economy is BOOMING—per new analysis from @Brendan_Duke and @BBKogan, we’ve now exceeded projections for 2024 made *before* the pandemic.
Wages are growing faster than prices for manufacturing workers: a uniquely American phenomenon. Real (inflation-adjusted) manufacturing wages since the pandemic are up 1.9%. That’s three times as much as in any other G7 economy.
A new study shows that 50 years of tax cuts for the wealthy have failed to benefit the rest of us.
Instead of trickling down, they’ve widened the income gap. It’s time for a tax system that works for working families, not just the rich.
The Biden admin has provided student debt relief to more than 1 million public service workers. 🙌
Student debt forgiveness is an essential part of a broader push to rebalance power in our economy towards workers.
New piece from me and @Brendan_Duke!
Wages, after adjusting for inflation, are at an all-time high in US history.
In other words, not only have wages outpaced inflation since the pandemic, an hour of work earns more than ever before.
Thread below
https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/
The biggest welfare fraud in U.S. history reveals how little oversight exists in programs like TANF.
Something is wrong when funds meant to help struggling families are diverted to luxury lifestyles.
We need a system that works for the people.
Shrinkflation has hit 1/3 of grocery items, quietly shrinking portions while prices stay the same. This hidden cost is squeezing working families even more as they try to make ends meet. We need policies that protect them from corporate tactics like this.
I haven't seen this breakout before - the percentage of people employed *by the private sector* is at an all time high.
'50 years of tax cuts for the rich failed to trickle down, economics study says' --CBS News
A new @equitablegrowth report details how pro-growth tax reform can reduce inequality, fund public investments in areas like infrastructure and clean energy, and encourage productive economic behavior, leading to more competitive and efficient markets.