While the White House and much of the media spun the hurried late-night move as a victory for the middle class, it was a win paid for with new tax cuts worth hundreds of billions of dollars for America's wealthiest families.
“The ‘Fix the Debt’ CEOs are trying to pass themselves off as noble leaders who are willing to compromise in order the save America from financial ruin,” says report co-author Scott Klinger. “In reality, the campaign is a Trojan horse concealing massive corporate tax breaks that would make our debt situation much worse.”
Members of Congress whose votes favor the 99 percent fared well on Election Day.
Voters knew just what to do.
If the Dems win big in November, they should use their newfound political capital.
Use this new tool to see how your lawmakers are doing on inequality and take action.
IPS's new Congressional Report Card for the 99% grades lawmakers with a grade "A+" through "F" on a series of bills that either “feather the nest of America’s most affluent” or “enhance economic opportunities of our 99 percent.”
The grades are in, and you can see how lawmakers fare on the most important issue of our time: the grand divide between America's rich and everybody else.
We evaluate how well members of congress do in supporting legislation and measures to narrow America's widening economic divide.
If lawmakers really want to stop blank checks for spending binges, they should start with the Pentagon.