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  • October 26, 2012

    AlterNet features article “ 10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America”

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    Fix the Debt” is a coalition of more than 80 CEOs who claim they know best how to deal with our nation’s fiscal challenges. 

    These are guys who’ve mastered every tax-dodging trick in the book. And now that they’ve boosted their corporate profits by draining the public treasury, how do they propose we put our fiscal house back in order? By squeezing programs for the poor and elderly, including Social Security, Medicare, and Medicaid.

    This idea, also supported by the Bowles-Simpson deficit commission, would make it even more profitable for big corporations to use accounting tricks to disguise U.S. profits as income earned in tax havens. Citizens for Tax Justice estimates that such tax haven abuse will cost the Treasury more than $1 trillion over the next decade.

  • October 26, 2012

    24/7 wall street features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    The Great Recession has brought the disparity between the rich and the poor to the forefront of the news. The Occupy Wall Street movement and terms such as the 99% and 1% further highlight the attention about the subject. 

    Read more: States with the Widest Gap Between the Rich and Poor - 24/7 Wall St. http://247wallst.com/2012/10/26/states-with-the-widest-gap-between-the-rich-and-poor/#ixzz2AR0Facpe

    Additionally, we looked at the Institute for Policy Studies’ Inequality Report Card, which provided grades to senators and congressmen based on their voting record related to income inequality.


  • October 16, 2012

    The Valley Advocate features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    “The growing gap between the rich and the rest of us didn’t just happen by chance,” notes Sam Pizzigati, IPS Associate Fellow. “Conscious political decisions—on taxes, on trade policy, on regulations—have all been driving the divide.”

    “Members of Congress have the capacity to make sure all Americans, not just a privileged few, share in the wealth that we all together create,” adds IPS Associate Fellow Sam Klinger. “With this new report card, voters can see for themselves how well their elected lawmakers are meeting that responsibility.”

  • October 15, 2012

    The Nation

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    “There’s no getting away from it,” said Tudor, “the Robin Hood Tax will soon be in place across much of Europe, and four out of the five major economies.”

    Anderson, a relentless warrior for the FTT, said the progress is Europe offers key lessons for US progressives: “I think it’s been a brilliant example of inside/outside strategy.” She notes the “tremendous amount of work done to win the hearts and minds” of Europeans.

  • October 6, 2012

    ABC News features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    Their "Congressional Report Card for the 99 percent" identifies 17 members of the Senate from both sides of the aisle, listed on the group's website, who they say are most friendly to the 1 percent of Americans who have the most assets and income.

    The group gave 48 representatives and 11 Senators a grade of "F" and 14 representatives and five Senators a grade of "A."

    Scott Winship, a fellow in economic studies at the Brookings Institution, which has often been cited as a "centrist" think-tank, said longer-term trends in inequality are driven mostly by the strength of financial markets than the legislation the Institute for Policy Studies analyzed.

    [however] Isabel Sawhill, senior fellow [also] at the Brookings Institution and co-director of the Center on Children and Families, said the Bush tax cuts "very clearly favor the rich."

    She called the report "very interesting and well done."

  • October 5, 2012

    Facing South features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    Though the South is the region of the United States with the greatest concentration of income inequality, its representatives in Congress are doing a poor job of addressing the problem.

    The Institute for Policy Studies released a report this week that grades federal lawmakers on 40 legislative actions over the past two years that either helped the most affluent or the poorest of their constituents.

    The 13 Southern states* earned an average score of C-. Of those 13 states, 10 have among the highest income inequality index scores nationwide.

  • October 4, 2012

    PolicyMic features report “Inequality Report Card: Grading Congress on Inequality”

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    Report was released today by progressive think-tank: Institute on Policy Studies in Washington, DC that gives a 'report-card' on how well/poor Congress addresses income inequality... As you can expect, 59 Congress members gets an 'F'. I expected that, but the overwhelming numbers of the wealth that these members have (on both sides of the aisle) was sort of mind-boggling.

  • October 4, 2012

    Mother Jones features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    The "Inequality Report Card," published today by the Institute for Policy Studies, looks at how lawmakers voted on dozens of bills that would, among other things, raise taxes on the wealthy, restrict the use of offshore tax havens, increase the minimum wage, and strengthen labor unions.

  • October 4, 2012

    The New York Times features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

    Visit the publisher's websiteSee the report

    "The Institute for Policy Studies in Washington estimates that four major tax breaks that encourage excessive corporate pay cost taxpayers $14.4 billion last year. And 26 chief executives received more in pay last year than their companies paid in total federal corporate income taxes," wrote columnist Nicholas Kristof.

  • October 4, 2012

    The Examiner features report “Inequality Report Card: Grading Congress on Inequality”

    Visit the publisher's websiteSee the report

    The Institute for Policy Studies gave Rep. Tim Scott a failing grade in its Congressional Report Card, which was released yesterday.

    He was one of 48 U.S. representatives, and the only one from South Carolina, to receive this lowest grade.

    In its report, IPS notes that Scott voted to extend the Bush tax cuts on both high and unearned income (HR 8) and to reduce corporate (HR 9). He voted against a measure that would prevent use of offshore accounts as tax havens (theDoggett Amendment), and Scott also co-sponsored a bill to reduce taxes on overseas earnings (HR 1834). He co-sponsored a bill to eliminate estate taxes (HR 1259), as well.

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