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Showing blog posts by Damon Silvers

Damon Silvers

Damon A. Silvers is the Director of Policy and Special Counsel for the AFL-CIO.  He joined the AFL-CIO as Associate General Counsel in 1997. 

Mr. Silvers serves on a pro bono basis as a Special Assistant Attorney General for the state of New York.  Mr. Silvers is also a member of the Investor Advisory Committee of the Securities and Exchange Commission, the Treasury Department’s Financial Research Advisory Committee, the Public Company Accounting Oversight Board’s Standing Advisory Group and its Investor Advisory Group.

Mr. Silvers served as the Deputy Chair of the Congressional Oversight Panel for TARP from 2008 to 2011.  Between 2006 and 2008, Mr. Silvers served as the Chair of the Competition Subcommittee of the United States Treasury Department Advisory Committee on the Auditing Profession and as a member of the United States Treasury Department Investor’s Practice Committee of the President’s Working Group on Financial Markets. 

Prior to working for the AFL-CIO, Mr. Silvers worked for the Harvard Union of Clerical and Technical Workers, the Amalgamated Clothing and Textile Workers, and as a law clerk at the Delaware Court of Chancery for Chancellor William T. Allen and Vice-Chancellor Bernard Balick.

Unbelievable. Excel Sheet Error (Among Other Omissions) Is a Driving Force Behind Austerity Economics

Reinhart & Rogoff Excel Sheet

In real sciences, when a researcher claims to have made a major discovery, the researcher has to make the data he or she used public and other scientists immediately test it to see if it can be replicated. The results aren't accepted as valid, let alone acted on or relied on, in fields where people could get hurt—like medicine or engineering—until they are tested. And if you withhold the data from your colleagues, you are not a scientist, you are a quack. And then there is economics.

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Bad Policy: President Obama's Budget Cuts Social Security and Medicare

Bad Policy: President Obama's Budget Cuts Social Security and Medicare

Yesterday the AFL-CIO learned President Obama's budget will cut Social Security and Medicare benefits for working families. The so-called "chained" CPI will cut Social Security benefits and middle-income seniors (people who made $47,000 a year and more) will be asked to pay higher Medicare premiums.

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Boehner’s Plan for Fiscal Showdown—Cut Social Security COLA to Pay for More Tax Cuts for the Rich

Boehner’s Plan for Fiscal Showdown—Cut Social Security COLA to Pay for More Tax Cuts for the Rich

On Sunday night, House Speaker John Boehner made clear he would like to make a simple trade with President Obama. He asked the president to extend tax cuts on income between $250,000 and $1 million a year—a tax bonanza of nearly $400 billion over 10 years, about half of which would go to millionaires.  

Call the White House at 202-456-1111; tell President Obama you oppose the "chained" CPI.

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Mitt Romney Pays a Lower Total Tax Rate Than the Average American

What's Mitt's Secret? Photo courtesy of United Steelworkers.

Damon Silvers is the policy director and special counsel of the AFL-CIO. 

Mitt Romney’s 2011 tax return is an education in injustice, just like his 2010 return was.  The peculiar letter he released from his tax accountant Pricewaterhouse Coopers concerning his taxes before 2010, simply adds to the mystery—why won’t he follow his father’s and President Obama’s example and release ten years of tax returns?

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Romney Paid Only Half a Percent More in Taxes than Poorest People in the U.S.

 The poor actually pay a higher share of their income in taxes than people like Romney do, it's just they don’t pay it in federal income tax.

Damon Silvers is the policy director and special counsel of the AFL-CIO. 

The psychology of Mitt Romney's apparent attack on 47 percent of Americans is fascinating. It’s all about the excuses the very rich make up to cover for their refusal to bear their fair share of the costs of maintaining civilization. Because, of course, the poor actually pay a higher share of their income in taxes than people like Romney do, it's just they don’t pay it in federal income tax. The poorest 20 percent of America pays 23 percent of their income in state and federal taxes—in payroll taxes, sales taxes and other excise taxes and state income taxes. As we know, in the one year Romney has disclosed, he paid just under 14 percent in federal taxes, almost all of his income was not subject to payroll tax, and his state income tax bill was likely far less than 8 percent of his income.  By the way, in 2011, 13,000 families in the top 1 percent of income paid no federal income tax.

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Trumka to Global Leaders: Jobs, Not Cutbacks

OECD

Nations should create jobs and stimulate growth, not cut back government spending with ruthless "austerity" measures if they want to successfully get out of the economic crisis, said AFL-CIO President Richard Trumka during a meeting of global leaders.

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