Economy and Business

Fracking the IRS

As the Super Congress eyes trillions in budget cuts that will undermine the quality of life for most Americans, here’s a stunning fact to contemplate: Twenty five hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes.

read more
The Rich are Raking it in, so Where are the Jobs?

The Rich are Raking it in, so Where are the Jobs?

Ah, Labor Day, the holiday when we honor Organized Labor. You know, unions and stuff like that. Yes, there’ll be picnics and speeches detailing the enormous contribution unions make to our nation’s prosperity. Political candidates will extol the virtues of the American worker and…

read more
How to Make the Super Congress Open and Accountable

How to Make the Super Congress Open and Accountable

The hurriedly passed Budget Control Act raised the nation’s debt ceiling and made some efforts to reduce the deficit. The law also demands that Congress reduce the deficit another $1.2 trillion through spending cuts and additional revenue. The power to choose how those reductions will be made will be concentrated in the hands of the 12 members of the Joint Select Committee on Debt Reduction, nicknamed the “Super Congress.”

read more