Airlines Profit From ‘Economy-Class’ Misery

Airlines Profit From ‘Economy-Class’ Misery

Those of us on the shady side of 60 can remember a time when ordinary people could actually enjoy traveling on an airplane. Meals on all but short-hop flights. Comfortable seats with ample legroom. Plenty of space to stow your bags, since flights seldom took off much...
You Pay Your Fair Share. Shouldn’t Wall Street?

You Pay Your Fair Share. Shouldn’t Wall Street?

Did you pay all of your taxes this April? Wall Street banks typically pay much less than the official 35 percent corporate tax rate. And yet after attacking Hillary Clinton for her ties to Wall Street, President Donald Trump is pushing reforms that would make it even...

The CEO Pay Tax Break in the Republican Health Care Proposal

Media Contacts: Sarah Anderson, report author, sarah@ips-dc.org, 202 787 5227 Domenica Ghanem, media manager, domenica@ips-dc.org, 202 787 5205 Washington, D.C. — A new Institute for Policy Studies report is the first to calculate how much American taxpayers have been...
This Trump Appointee Says He’s Standing Up for ‘Bullied’ CEOs

This Trump Appointee Says He’s Standing Up for ‘Bullied’ CEOs

Michael Piwowar has been seething for some time. Now he’s getting to take his revenge — against the new federal regulation that’s driving America’s mega-millionaire CEOs crazy. This particular regulation spells out how corporations must go about complying with an...
5 Ways to End CEO Pay Subsidies

5 Ways to End CEO Pay Subsidies

Close the “performance pay” loophole  The more corporations pay their executives, the less they pay in federal taxes, thanks to a tax code loophole that lets corporations deduct unlimited amounts of executive compensation from their taxable income — as long as they...
Mnuchin’s Misplaced $100 Million

Mnuchin’s Misplaced $100 Million

How rich have America’s rich become? So rich that they can squirrel away $100 million and then lose track of it. Steven Mnuchin, the Donald Trump nominee for U.S. treasury secretary, did just that earlier this month. Mnuchin’s explanation for missing all those...
Even Red State Voters Want Action on Inequality

Even Red State Voters Want Action on Inequality

On the campaign trail, Donald Trump once described our country’s stratospheric CEO pay as “a total and complete joke.” He was right about that. The idea that the guys in the corner office are worth hundreds of times more than their employees does not...

Historic CEO Pay Tax Proposal Passes in Portland

FOR IMMEDIATE RELEASE (Washington, DC, December 7, 2016) The city council in Portland, Oregon, adopted a new local tax rule today that sets a landmark precedent for cracking down on excessive CEO pay. In a 3-1 vote, the council agreed to add a surtax on the city’s...
Why 2016 May See a Record Top 1%

Why 2016 May See a Record Top 1%

How much income do you want to report next spring on your 2016 tax return? For most of us, that question rates as downright silly. We don’t get to choose how much income we report on our tax returns. The vast bulk of our annual income comes from our paychecks. We just...
Our Society is Unequal By Design

Our Society is Unequal By Design

The rising inequality we’ve seen in recent decades did not happen by accident. It was the result of deliberate public policy decisions and, fortunately, can also be reversed by making different decisions. That’s the contention of Dean Baker’s just-released book,...