By Joseph Semprevivo “Congress is on track to send President Trump a package of tax cuts by Christmas, but we’re not out of the woods yet. At the heart of liberal opposition to the Tax Cuts and Jobs Act, which could still…
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Congressional Republicans are on the verge of passing their disastrous tax bill. Don’t believe for a minute that it will ‘trickle down’ to workers
By Sen. Cory Booker “President Trump and Congressional Republicans are now on the verge of passing a disastrous tax plan into law that will raise taxes for millions of low-and middle-income workers and threaten critical programs that make our economy…
Outrage at corruption drove the reformation 500 years ago, couldn’t similar outrage drive a modern economic reformation?
By Henry Leveson-Gower “It was a moral cause, more than an intellectual one. Maybe today’s economic reformation needs to be founded on an understanding of the corruption of the current economic system underpinned by economic ideology such as ‘maximising shareholder…
Tax-Reform Bill Is No Balm For The Middle Class
By Theresa Gilman “There’s no trickle down, there’s just a gusher to the top.” That’s UMass Lowell Economics Prof. William Lazonick’s take on what will happen if the tax-reform bill being debated in the committee ultimately makes its way to President…
Tax-reform bill is no balm for the middle class
By Katherine Webster “There’s no trickle down, there’s just a gusher to the top.” That’s UMass Lowell Economics Prof. William Lazonick’s take on what will happen if the tax-reform bill being debated in the committee ultimately makes its way to President…
There goes neutrality
By Sabri Ben-Achour “The Federal Communications Commission rolled back Obama-era regulations today, ruling that internet providers are no longer required to treat all internet content equally. But what will that look like? And the holiday season is officially upon us, so…
Share buyback machine now in overdrive—dropping a strong hint at what CEOs plan to do with tax savings
By Ciara Linnane and Tomi Kilgore “Long-term investors and workers hoping that the tax overhaul and repatriation holiday will encourage investment in growth and a rise in wages should brace for disappointment. A spike in share buyback and special dividend…
It’s so much worse than I thought, part 2
By Ted Fuller “n part 1, I mentioned that I had just learned that the tax bill will reduce corporate taxes by $2 trillion over 10 years. It is well known that a popular myth among Republicans is that tax…
Are companies that buy back their own shares manipulating the market
By David Green “Last week’s white paper on industrial strategy put forward a few useful ideas but ignores the main structural problem we face: the ‘financialisation’ of the economy. At a time when we urgently need to invest to raise productivity,…
ime for ‘Asia-first’ thinking as the US and Europe question financial regulations
By Andrew Sheng “Hong Kong this week celebrated the breaking of the 30,000 level on the Hang Seng Index for the first time in a decade. It may well top the peak of 31,958 on October 30, 2007, before the global financial crisis.”… [Click HERE…
