An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
A new study provides compelling evidence that public policy decisions in the United States reflect the interests of the nation’s rich and powerful much more than the nation’s political majority. Other developments, notes analyst Sheila Suess Kennedy, back up the study’s conclusions.
Could the classic conservative put-down of progressive public policy become a strategic template for attacking over-the-top corporate executive compensation? Innovative lawmakers in the California and Rhode Island state legislatures may soon find out.
A prominent conservative in Congress, House Ways and Means Committee chair David Camp, has released a wide-ranging tax reform package that actually will not leave the rich significantly richer. Should America’s 99 percent be grateful for small blessings — or suspicious? Or both?
America’s corporate CEOs feel entitled to pensions that pay out $86,000 monthly. To protect their entitlement, they’re attacking ours: Social Security. But a new report neatly exposes the monumental hypocrisy of their legislative assault on America’s only remaining retirement bedrock.
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. Their rationale? Expecting corporations to calculate how much they pay their most typical workers would impose a burden too heavy for corporations to bear.
Just like the United States, Australia has a debt ceiling. Australian borrowing bumps up against this ceiling on a regular basis. But there the similarity ends.
Sales taxes — of whatever stripe — fall harder on poorer than richer customers. And they squeeze smaller retailers more than big ones.
How much can a billion dollars buy? The undivided attention of America’s entire political and chattering classes. Case in point: our ongoing national fixation on debt and deficit.
Some 40,000 people a day are dying from poverty, the London advocacy group Share the World’s Resources details in a comprehensive new report, and austerity regimes are only compounding the world’s suffering. What’s needed? A “wholesale reform of the world economy.”