It’s good to be a millionaire in America. A new report from the Center for American progress shows that millionaires are paying – as a share of their income – 25% less in taxes than they were in the mid 1990’s – 25% less! But that’s not all – according to data from the IRS – in 2009 – 1,400 millionaires paid absolutely no taxes at all. So just like some of the biggest transnational corporations in the world like GE a
People who eat food are screwed. Giant, transnational agribusiness corporation Cargill announced yesterday that it is recalling 36 million pounds of contaminated ground turkey – that has killed at least one person and sickened 76 others across 26 states. Cargill is just now announcing the recall even though the outbreak started back in March. Coincidentally – back in June – House Republicans passed legislation that g
Like the House – the Senate is now on vacation too – but not before Republicans could latch on to a procedural gimmick to keep President Obama from making a recess appointment of Richard Cordray to head up the Consumer Financial Protection Bureau.
FAA workers are screwed. With the debt-limit deal out of the way – it’s time for Congress to resolve the FAA funding impasse right? No. Instead of figuring out a way to restore full funding to the agency in charge of making sure our airplanes don’t fall out of the sky – and also figuring out a way to get 4,000 furloughed FAA employees back to work – Republicans are going on vacation.
Republicans should be dancing in the streets. So says Democratic Congressman Emmanuel Cleaver after an 11th hour debt-limit deal was struck yesterday between President Obama and Congressional leaders to avoid our nation from defaulting. Unfortunately – once again – the President let right-wings take the American people hostage and then gave in to the hostage-takers. The deal – which still needs to be approved by lawm
As debt-limit talks stall - the economy hit a wall. Economic growth in the second quarter of this year was less than expected – only 1.3%. Not only that – first quarter economic growth was revised downward showing that our economy grew by less than a half-point at the beginning of the year – just .4%. The reason why our economy stalled is consumer spending which only grew by .1% - the slowest growth rate in two years
Speaker of the House John Boehner probably had a few more cocktails and cigarettes than normal last night – it was a rough Tuesday for him. One day after a source at Standard and Poor’s credit rating agency warned that passing Boehner’s short-term debt-limit plan will still lead to a United States credit downgrade – the Congressional Budget Office piled on even more bad news. According to the CBO – the plan that Speaker Bo
After Democrats said a short-term debt-limit deal that kicks the can down the road to be picked up again 6-months from now in the middle of an election season is a NON-STARTER – guess what Speaker of the House John Boehner did yesterday? He released a short-term debt-limit deal that kicks the can down the road to be picked up again 6-months from now in the middle of an election season. That’s right – a few days after Boehn
Norway is in mourning after Friday’s terrorist attacks that killed more than 90 people – including more than 80 people gunned down on a remote island campsite. Shortly after the attack – Conservatives here in the United States pointed to Norway’s lack of a state security complex as a reason why they were vulnerable to a terrorist attack. But now we realize Islamic terror had nothing to do with Friday’s chaos in the Nordic