For decades, the Republican Party’s signature economic policy agenda has been to reduce taxes on the rich. In order to justify their agenda, the party has developed an elaborate ideology of taxation that says taxing the rich makes them less likely to do things in the public interest, like supply their highly-skilled labor and invest
UPDATE: Shortly after posting, Andrew Puzder’s nomination for Secretary of Labor was withdrawn. Although we are not optimistic that Donald Trump will now throw his support behind a strongly pro-worker appointee, we take this as an important victory for American workers—if for no other reason than that it would be hard to find a much
Throughout the campaign and in his first weeks in office, President Trump has consistently talked about the importance of infrastructure. But his signature project, a wall on the border between the United States and Mexico, reflects a limited view of infrastructure, its importance, and its potential. A good infrastructure bill would go beyond roads, bridges,
Recently, I’ve been reminded that, in the words of Dr. King, “the arc of the moral universe bends towards justice,” but not without people pushing it that way. I met some of those people last Thursday morning. Led by New York Communities for Change, they were camped in a plaza outside of Goldman Sachs, and
Today, Steven Mnuchin faces his confirmation hearing for Treasury Secretary. Since President-Elect Donald Trump selected Mnuchin as his pick for Treasury Secretary, several stories have emerged about the nominee that could be considered disqualifying: for instance, the story of how Mnuchin and his family profited from Bernie Madoff’s Ponzi scheme, to the tune of several
It is an understatement to say that 2016 is not ending as many of us had expected or hoped. Instead, we are seeing fever-pitch conversations six weeks after Election Day, perpetual post-mortems, and an anxious effort to figure out what went wrong and shape a better future. We are all looking for a path forward.
On Thursday, December 8, 2016, Roosevelt Fellow Mike Konczal testified before the House Financial Services Committee regarding a proposed rollback of Dodd-Frank regulations. Click here to watch the hearing. His prepared testimony is embedded below and available for download here.
While on the campaign trail, President-Elect Donald Trump spoke on several occasions about the importance of tackling corporate antitrust issues. Most notably, Trump targeted the acquisition of The Washington Post by Amazon CEO Jeff Bezos and the proposed AT&T-Time Warner merger. Regarding the Post acquisition, Trump stated that “[Bezos has] got a huge antitrust problem
Last week saw the spectacle of a president-elect effectively using his bully pulpit to keep a single company from offshoring jobs. Simultaneously, another U.S. company was told by a Geneva trading group that job preservation efforts there were illegal under international law. Why was the first case (Donald Trump’s promising of tax breaks to keep Carrier jobs
America needs genuine infrastructure investment now more than ever—and that means more than just filling potholes. It means building the foundation for 21st century commerce, which is a long-term strategic necessity. It includes public investments in high-speed rail, universal broadband, and a carbon-reducing power grid, all of which will drive growth and help usher in