The passage of the Republican tax law was a brutal blow, but the progressive fight against it was not without victories. And for the first time in generations, the elite consensus on what makes good tax policy has crumbled. As progressives, we cannot let the Trump tax law stand. But to simply call for the

Here is an important action you can take this week: Write a letter to the SEC saying how essential our newly enacted CEO-to-worker pay ratio disclosure rule is and why it must be protected. Donald Trump’s acting SEC chair, Michael S. Piwowar, has reopened public comment on the rule, which has already taken years to

Buried in New York Governor Andrew Cuomo’s just-released proposed budget for 2017-2018 is an increase of state licensing authority over “fintech” lenders—lenders to consumers and small businesses that operate online and largely outside of regulatory purview. Though innovative fintech lending is helping expand access to credit for consumers and small business borrowers, the sector’s high interest

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.

Donald Trump winning the presidential election was a genuine surprise, so it’s interesting to see how the stock market reacted to the sudden news that the Republicans will have a unified government. The market is up slightly overall, another point of evidence that what’s good for the stock market is not at all necessarily good

Over the past month, college students across the county have explored how financialization affects their schools with a series of trainings led by Refund America, Hedge Clippers, LittleSis, and the Roosevelt Institute. As many students know, Wall Street firms make billions of dollars off of higher education every year through vehicles including toxic swaps and exorbitant

One of the standout features of our increasingly financialized economy is a systemic disinvestment in public goods such as infrastructure and education. As the finance sector hoards the wealth our economy produces, wages stagnate, corporations and the wealthy avoid contributing their rightful share in taxes, and money and power coalesces at the top, revenues at

This presidential election season has had one happy byproduct: extensive public discussion of the extent to which wealthy Americans avoid paying taxes. Obviously, the revelation that Donald Trump himself has likely avoided paying income taxes entirely since booking a nearly $1 billion capital loss in 1995 is the clearest example. But there’s also Hillary Clinton’s

Earlier this month, The New York Times revealed a $916 million loss on Donald Trump’s 1995 tax return. Expert analysis and common sense suggest that Trump used this loss to offset most, if not all, of his federal tax liability for the next 15 years as well as the preceding three, as the Internal Revenue

The public scourging that the Senate Banking committee gave Wells Fargo CEO John Stumpf on Tuesday was cathartic to watch. Senator Warren particularly summed it up when she said, “You should resign. You should give back the money you took while this scam was going on and you should be criminally investigated by both the