The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
The U.S. economy is set to go off the so-called “fiscal cliff” at midnight on December 31, 2012. What would go over the cliff is our hope of economic recovery. Read more »
A spate of attacks on public-sector pensions threatens to make inequality even more entrenched and painful, and to undermine economic growth. Read more »
An excerpt from Palast’s latest book, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps—An investigation of Karl Rove, the Koch Gang and their Buck-Buddies. Read more »
