Tag: economic inequality
“Most Americans Are Getting Poorer”: Robert Reich on Inequality & the...
Treasury Secretary Scott Bessent called on UC Berkeley to fire Reich after he disputed White House claims that the wealth gap has closed.
Trump adviser’s economic optimism collides with rising debt, inflation, and public...
As administration officials point to consumer spending as evidence of confidence, polling, inflation data, and rising credit card delinquencies suggest many Americans are experiencing a very different economy.
Sanders proposes 50% public stake in leading AI companies
New legislation would create a sovereign wealth fund funded through equity transfers from major artificial intelligence firms, aiming to distribute AI-generated wealth beyond Silicon Valley investors.
Food insecurity reaches near-pandemic levels as economic strain deepens across America
Federal Reserve researchers find rising hunger, declining financial confidence, and growing hardship concentrated among lower-income families, households with children, and SNAP recipients.
Big Oil profits surge as Democrats push windfall tax tied to...
Lawmakers and advocacy groups propose taxing fossil fuel windfalls as war-driven price spikes hit American households and deepen inequality.
Trump quietly expands corporate tax breaks while threatening states over food...
Treasury guidance weakens corporate minimum tax as the Agriculture Department warns states to “undo” full November SNAP payments amid shutdown confusion.
Corporations exploit Trump’s tariff chaos to raise prices as global economic...
As new tariffs drive up costs for food, steel, and manufacturing inputs, corporations are using the trade war as cover to inflate prices and profit margins while working families foot the bill.
Sanders pushes ‘Pensions for All’ to confront corporate greed and America’s...
With nearly half of older workers having no retirement savings, Sen. Bernie Sanders introduces sweeping legislation to guarantee all Americans the same pension security enjoyed by members of Congress.
Republican budget shifts wealth to the top as workers pay the...
New congressional analysis reveals massive tax breaks for the wealthiest Americans while working families shoulder cuts, tariffs, and rising costs under GOP economic plans.
The richest Republicans in Congress push tax cuts for themselves while...
A new report reveals 35 of the wealthiest GOP lawmakers—worth over $2.5 billion—stand to profit from Trump’s tax cuts while their constituents lose access to SNAP, Medicaid, and student aid.
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Top Armed Services Democrat backs impeaching Trump and Hegseth
Rep. Adam Smith, who would likely chair the committee if Democrats win the House, reversed the position he gave TIME in May.
Justice Department’s interference before midterms was unsuccessful, unprofessional and unprecedented
The Trump administration fought one battle after another in the nation’s courts over its power – or lack thereof – before the 2026 midterm elections.
Abdul El-Sayed Becomes First Muslim Senator as Democrats Rout GOP Across the U.S. in...
Democrats won both chambers of Congress, and Abdul El-Sayed beat Mike Rogers in Michigan with over 52% of the vote.
Montana passes Initiative 194, barring corporate election spending
The AP called the measure Tuesday with a margin of about 115,000 votes; it takes effect Jan. 1, 2027, unless a court blocks it.
A Few Miles From the US Capitol, Dozens Slept in Their Cars, Waiting for...
If you’ve heard about how people are struggling with affording healthcare but haven’t been touched by it or seen it, then this pop-up clinic just outside Washington, D.C., put the problem on full display.