We can strengthen the U.S. economy and invest in our nation's infrastructure and workers. A long-term plan for growth is needed, and it certainly doesn't involve austerity.
Yale University Professor Jacob Hacker and Roosevelt Institute Founder Nathaniel Loewentheil today released their new paper, Prosperity Economics: Building an Economy for All, at the Economic Policy Institute.This bold paper provides a comprehensive plan to grow our nation’s economy in a way that works for everyone.
Jeff Faux, Distinguished Fellow at the Economic Policy Institute (EPI), joined us here today at the AFL-CIO to discuss his new book, The Servant Economy: Where America’s Elite is Sending the Middle Class. The event launches the AFL-CIO summer book series, which includes discussions with noted economists who will talk about their new books on jobs, inequality and the U.S. financial crisis. (Get details and RSVP here.)
In his last book, The Global Class War, Faux in 2006 correctly predicted the permanent decline of our debt-burdened middle class at the hands of our off-shoring executives, out of control financiers and their friends in Washington. So we asked Faux a few questions about what his latest analyses and predictions in The Servant Economy.
Last night’s “Last Word with Lawrence O’Donnell” had a good breakdown of why Republicans in Congress are likely to fight President Obama’s proposal to allow the Bush tax cuts to expire on income higher than $250,000.
In urging Congress to take action on what lawmakers can agree on—allowing Bush tax cuts to remain in place for everyone except those in the top tax bracket—Obama is pushing for a one-year extension of Bush tax cuts for incomes under $250,000. If Mitt Romney is elected, it's likely the American public would see him and Republicans in Congress cut taxes for their wealthy buddies by reinstating Bush's tax breaks for them.
If you’re in Washington, D.C., join us at the AFL-CIO for a Friday book series running July 13 through August 3 featuring well-known authors discussing their new books on jobs, inequality and the U.S. financial crisis.
Jeff Faux, Tim Noah, Tom Palley and Simon Johnson will be here for discussions and book signings—and we hope you can join one or more of the events. Bring your lunch and get set for a lively discussion. Beverages will be provided. Books will be available for purchase.
How did Wall Street get away with crashing the U.S. economy? Its inner circle spoke a “language” only one percent of the public could understand. Now, a new booklet explains its jargon to the rest of the country.
“Economics for the 99%” serves as an economic translation dictionary, clarifying Wall Street’s “bankspeak,” explaining the role of the Federal Reserve, as well as the so-called austerity war.
Moments ago, we launched the 2012 AFL-CIO Executive PayWatch site—now called CEO Pay and the 99%—which includes the most comprehensive data accessible on 2011 executive pay. All of the data available is searchable by industry, by state and by the top 100 highest-paid CEOs.
This is the 99% Spring and you can join the more than 100,000 activists from unions, community, faith and other progressive groups to take the economy back from the 1% and challenge corporate greed. Starting Monday, April 9, and running through April 15, hundreds of training sessions around the country are set for activists to learn how to take back the economy.