Tax Cuts for the Wealthiest 5% of Americans Cost the U.S. Treasury $11.6 million every hour of every day
by National Priorities Project
on October 14, 2011
National Priorities Project, with support from Citizens for Tax Justice, has launched www.costoftaxcuts.com.
A rolling counter depicts the amount of money lost to the U.S. Treasury as a result of tax cuts for the top 5% of U.S. wage earners – $3.2 per millisecond. The site also features rolling counters for the top 1% and next 4% of households.
Read more »
Progressive Caucus Releases Recommendations to Joint Select Committee on Deficit Reduction
by Progressive Caucus
on October 17, 2011
Washington, D.C. – The Congressional Progressive Caucus (CPC) today sent policy proposals to Senator Patty Murray and Congressman Jeb Hensarling, Co-Chairs of the Joint Select Committee on Deficit Reduction, recommending that the work of the committee focus on creating jobs, raising revenues through fair taxation and protecting Medicare, Medicaid and Social Security. The CPC identified more than $4 trillion in savings, which would increase to more than $7 trillion if the Bush tax cuts are allowed to expire on schedule. The recommendations direct the savings toward job creation, the single most important means to reduce the deficit.
Read more »
Tax Cuts for the Wealthiest 5% of Americans Cost the U.S. Treasury $11.6 million every hour of every day
by National Priorities Project
on October 14, 2011
National Priorities Project, with support from Citizens for Tax Justice, has launched www.costoftaxcuts.com.
A rolling counter depicts the amount of money lost to the U.S. Treasury as a result of tax cuts for the top 5% of U.S. wage earners – $3.2 per millisecond. The site also features rolling counters for the top 1% and next 4% of households.
Read more »
Video: NYPD Runs Over Protester
by administrator
on October 14, 2011
Shocking video of the NYPD running over a legal observer in the crowd marching up Broadway in New York City this morning.
Read more »
CommonDreams: The Guys in the 1% Brought This On
by Barbara Ehrenreich, The Progressive via CommonDreams
on October 13, 2011
At the risk of being pedantic, let me point out that “99% versus 1%” is not a class analysis, not in any respectable sociological sense. Shave off the top 1% and you’re still left with some awfully steep divides of wealth, income and opportunity. The 99% includes the ordinary rich, for example, who may lack private jets but do have swimming pools and second homes. It also includes the immigrant workers who mow their lawns and clean their houses for them. This is not a class. It’s just the default category left after you subtract the billionaires.
Read more »
CommonDreams: My Advice to the Occupy Wall Street Protesters: Hit Bankers Where It Hurts
by Matt Taibbi, Rolling Stone via CommonDreams
on October 13, 2011
I've been down to "Occupy Wall Street" twice now, and I love it. The protests building at Liberty Square and spreading over Lower Manhattan are a great thing, the logical answer to the Tea Party and a long-overdue middle finger to the financial elite. The protesters picked the right target and, through their refusal to disband after just one day, the right tactic, showing the public at large that the movement against Wall Street has stamina, resolve and growing popular appeal.
Read more »
Capitalism and Poverty
by Richard Wolff via Truthout
on October 12, 2011
The US Census Bureau recently reported what most Americans already knew. Poverty is deepening. The gap between rich and poor is growing. Slippage soon into the ranks of the poor now confronts tens of millions of Americans who long thought of themselves as securely "middle class."
Read more »
Six Demands to Make of Wall Street
by Congressman Bernie Sanders
on October 12, 2011
The Occupy Wall Street protests are shining a national spotlight on the most powerful, dangerous, and secretive economic and political force in America. Sen. Bernie Sanders (I-VT)
If this country is to break out of the horrendous recession and create the millions of jobs we desperately need, if we are going to create a modicum of financial stability for the future, there is no question but that the American people are going to have to take a very hard look at Wall Street and demand fundamental reforms. I hope these protests are the beginning of that process.
Read more »
Dancing on Our Occupation Permit
by David Swanson, RootsAction
on October 10, 2011
Sunday night, our permit expired for occupying Freedom Plaza in Washington, D.C. So, we threw a dance party, and when we could dance no more, we went to sleep in Freedom Plaza.
We have until 2 p.m. today to remove our possessions. We do not intend to do so. We suspect that if the police want to remove us by force they will wait until evening. So we're throwing a dinner party, and 99% of the country is invited.
Our permit is now the First Amendment to the United States Constitution.
Read more »
CommonDreams: The Warning Occupy Wall Street Has for President Obama
by Tom Engelhardt via CommonDreams
on October 10, 2011
On Wednesday afternoon, we marched out of Zuccotti Park, where the Occupy Wall Street demonstrators have bedded down for the duration. Drums were pounding and shouts of “Whose streets? Our streets!” “All day, all week, occupy Wall Street,” and “This is what democracy looks like, that is what hypocrisy looks like!” rang out as we headed directly into New York City’s version of a police state.
Read more »
|
|
