G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations
Posted in Corporate Taxes Economy News world

G7 countries reach deal on 15% global minimum tax rate for multinational corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom…

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Posted in Analysis Unemployment

Biden faces backlash over ‘shameful’ capitulation to GOP governors as they end unemployment lifelines

“You only take back the lifeline when people aren’t drowning,” said Claire Guzdar of the Groundwork Collaborative. by Jake Johnson, Staff Writer June 5, 2021 Biden administration officials publicly signaled Friday that they have no intention…

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https://www.commondreams.org/
Posted in Analysis Arizona Restart 2021 Unemployment insurance

GOP Governors’ termination of jobless aid could cost local economies over $12 billion

“If states proceed with their plans to end these critical programs, they will be ripping the rug out from under millions of Americans and further hindering our economic recovery.” by Jake Johnson, staff writer Thursday, June…

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Sen. Bernie Sanders (I-Vt.) speaks to reporters following a vote at the U.S. Capitol on April 12, 2021 in Washington, D.C. (Photo: Drew Angerer/Getty Images)
Posted in Infrastructure Politics Restart 2021

Sanders warns Dems could lose Congress if they get mired in ‘never-ending’ negotiations with GOP

“The Democrats in Congress must move forward boldly, protecting the working families of our country and restoring faith in government. Yes, the future of the country is at stake.” by Jake Johnson, staff writer Friday, May…

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Posted in News Restart 2021 Unemployment

Anger grows as GOP Governors cut off jobless benefits

‘Attempting to Starve People Back to Work’ Meanwhile, the Biden administration is under fire for claiming it is powerless to prevent states from ending the $300 weekly unemployment boost. by Jake Johnson, staff writer Friday, May…

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Posted in Analysis Citizen Wealth COVID Reboot 2021

Third round of coronavirus relief checks led to largest monthly rise in household income since 1959

“This is what happens when you opt for investing in working people over trickle-down economics.” by Julia Conley, staff writer Friday, April 30, 2021   The third round of coronavirus relief checks, which have been sent…

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Posted in Analysis Wealth Tax Workers

How Biden’s paid leave proposal would benefit workers, their families and their employers too

by  Joya Misra, University of Massachusetts Amherst Friday, April 30, 2021   Making ends meet when you have a newborn is easier with paid family leave.   John Moore/Getty Images.   The Biden administration is proposing a…

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Posted in Analysis Government Politics

Biden gives Congress his vision to ‘win the 21st century’ – scholars react

President Joe Biden spoke to Congress on April 28, 2021, with a historic duo flanking him: two women, one of them African American. Vice President Kamala Harris called the proceedings to order; Speaker of the House Nancy…

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Posted in News Restart 2021

President Biden signs sweeping $1.9 trillion Covid relief package into law

“This historic legislation is about rebuilding the backbone of this country and giving people in this nation—working people, middle-class folks, people who built the country—a fighting chance.” by Jake Johnson, staff writer Thursday, March 11, 2021…

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Posted in COVID Reboot 2021 Restart 2021

‘Stop Nickel and Diming the American people’: Anger grows as Senate Democrats move to deny relief checks to 17 million

“While you’re quibbling over who you want to exclude, people are suffering. SEND THE CHECKS.” by Jake Johnson, staff writer March 5, 2021   The decision by the Senate Democratic leadership and President Joe Biden—for no…

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Posted in Columns Coronavirus Economy Wade Rathke

No venues, no sales, no money

by Wade Rathke March 1, 2021 New Orleans   One week, we have the southern end of the polar vortex. The next week, it’s spring, while I’m still hacking away at freeze-damaged night-blooming jasmine, bougainvillea, and the…

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Posted in Income Equality News Restart 2021

Majority of US voters want government to invest more in healthcare, education, and fighting poverty

57% of the electorate thinks the government doesn’t spend enough on anti-poverty initiatives, while 56% want to see more investment in education and healthcare. by Kenny Stancil, staff writer Wednesday, February 24, 2021     Lawmakers…

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Posted in Minimum wage News Restart 2021

‘It is not a budget item,’ Democrat Kyrsten Sinema falsely says as she joins Joe Manchin in opposing $15 wage

“She is incorrect. It has a budgetary impact, and it was verified by CBO. Let’s get it done now.” by Jake Johnson, staff writer Friday, February 12, 2021 Sen. Kyrsten Sinema on Friday joined fellow conservative…

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Posted in Columns Restart 2021 Wade Rathke

More cash transfers, please and pronto

by Wade Rathke February 9, 2021 New Orleans    Way back when the pandemic was over there, and then over here, and the shutdown of peoples’ lives and work began, can you remember in the first…

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Posted in Analysis Coronavirus

Why opening restaurants is exactly what the Coronavirus wants us to do

Governors continue to open indoor dining and other activities before vaccinations become widespread. Experts warn this could create superspreading playgrounds for dangerous variants and squander our best shot at getting the pandemic under control. by Caroline…

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Posted in COVID Reboot 2021 News Restart 2021

‘Giant first step’: After 14+ hours of votes, Senate approves Covid relief resolution

 With Zero GOP Support “We have the opportunity to give hope to the American people and restore faith in our government by telling them that… we understand the pain that they are experiencing and we are…

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Posted in COVID Reboot 2021 News Politics

Manchin backs fast track process for Covid-19 relief

‘Pressure Works. And He’s Going to Need a Lot More’ The West Virginia senator also said he opposes raising the federal minimum wage to $15, setting up a potential clash with Sen. Bernie Sanders and other…

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Posted in Biden Administration News Republicans Restart 2021

As GOP Senators push smaller Covid-19 relief package, Dem leaders move to advance Biden’s bolder plan

“Congress must pursue a bold and robust course of action. It makes no sense to pinch pennies when so many Americans are struggling,” said the Senate majority leader. by Jessica Corbett, staff write Monday, February 1,…

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Posted in News Restart 2021 Taxes Wealth Tax

‘How about a counter-argument based on fact?’: Warren tells CNBC host over two-cent Wealth Tax criticism

“The wealthiest in this country are paying less in taxes than everyone else,” said the Democratic senator. “If they added a two-cent wealth tax, they’d still be paying less than most of the people in this…

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Posted in Arizona News Unemployment

Unemployment dips in Arizona for December, but jobs are still tight

by Ethan Kispert, Cronkite News   Phoenix, Az .    As COVID-19 pummels away in Arizona, unemployment in the state dipped slightly in December, with the restaurant and entertainment industries continuing to take the hardest hits. The…

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Activists participate in a rally urging the expansion of Social Security benefits in front of the White House on July 13, 2015 in Washington, D.C. (Photo: Win McNamee/Getty Images)
Posted in Biden Administration News Social Security

Biden withdraws Trump rule attacking Social Security Disability recipients

“Wonderful news,” said one activist. by Jake Johnson, staff writer Thursday, January 28, 2021 Social Security defenders on Thursday celebrated news that the Biden White House has withdrawn a regulation pushed by the Trump administration that,…

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Posted in News Restart 2021

As White House floats skimpier relief bill in bid for GOP support, progressives warn going small would be ‘catastrophic’

“Congress should err on the side of offering generous relief to a larger pool of people, rather than too little.” by Jake Johnson, staff writer Thursday, January 28, 2021 With the Biden White House reportedly weighing…

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Posted in Analysis Restart 2021

$1.1 trillion Billionaire wealth gain during pandemic could fully fund Biden relief plan for Working class

“We should tax these windfall gains to pay for recovery.” by Jake Johnson, staff writer Tuesday, January 26, 2021 The $1.1 trillion in wealth that America’s billionaires have collectively gained during ten months of pandemic and…

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Posted in Analysis Politics

McConnell caves on filibuster after Democrats Manchin and Sinema reiterate opposition to scrapping ‘Jim Crow relic’

“McConnell engaged in the most blatant, ridiculous act of obstructionism imaginable, and instead of telling him that if he kept it up, they’d take that power from him, key Dems reassured him that they’d never take…

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