The Illinois state senate is the first legislative body to pass a bill to close a tax loophole that allows billionaire hedge fund managers to pay a lower tax rate than many teachers and firefighters.
A Wall Street reform organizer is encouraged by a surge of activism to protect consumers, including low-income families, students, and African-Americans who are major users of unregulated prepaid debit cards.
While you and I file our taxes, Republicans want to make it even easier for big banks to dodge them.
Tax avoidance by the wealthiest Americans is drying up our heartland communities and squelching opportunities for young people.
Trump’s pick for the nation’s top financial regulator sparked rave responses from Wall Street lobbyists but a firestorm from public interest groups.
As 10 EU nations move closer to a financial transaction tax, a Wikileak reveals the Democratic presidential candidate may be more supportive than previously known.
A loophole created by Bill Clinton in 1993 costs taxpayers billions of dollars per year and perpetuates the reckless Wall Street bonus culture.
The pending new Democratic Party platform rejects the insensitivity to inequality that has oozed through the party’s platforms over recent years.
The draft talks tough on Wall Street. Have the industry’s jitters over Trump strengthened the party’s hand?
The Democratic Party’s policy agenda reflects a major shift in the debate over a financial transaction tax that would curb speculation and generate massive revenue.
A new Public Citizen report provides a blueprint for reining in the Wall Street banks that are too big to fail, too big to jail, and too big to manage.
Working families are turning their anger at Wall Street into action.
Shareholders shot down a proposal to end the Wall Street firm’s rubberstamping of outrageous CEO pay packages, but the vote shined a spotlight on the problem.
A Nation magazine look at the showdown at BlackRock over the dark role the Wall Street money manager plays in our nation’s CEO pay problem.
When a high-rolling trader buys millions of dollars’ worth of stocks or derivatives, there’s no levy at all.
This week’s edition of America’s top progressive weekly features a cover story that spotlights how we can ‘unrig the rules and reverse runaway inequality.’
‘The Big Short’ goes long on explaining the complexities of what led to the financial crisis, but short on solutions to avoid the next crisis.
The financial industry’s 2014 bonuses doubled the combined earnings of all Americans who work full-time at the federal minimum wage, shows a just-released Institute for Policy Studies report.
If redistribution is so terrible, why do our policy wonks pay so little attention to redistribution from poor to rich?
Call their bluff. Take the plunge. Go over the cliff. Let the government default on its bonds.
America has finally started talking about a financial transactions tax on Wall Street. But in the post- Citizens United era of unlimited corporate campaign spending, expect corporate dollars to trump the public good.
Wall Street’s power suits aren’t humming along, this December, with all the holiday jingles. Bankers, traders, and law firm partners are quite frankly feeling kind of foul. End-of-year Wall Street bonuses, experts predict, are going to be down from 2010 levels — by as much, on average, as 35 percent. Total 2011 pay for the […]
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]