According to a Pew Charitable Trusts study released Thursday, baby boomers and Generation Xers are increasingly unlikely to be able to afford the costs of retirement, making critical the need for a strong Social Security program to bridge this income gap. Instead of weakening the social safety net by using the “chained CPI” to reduce [...]
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Senate Republican obstruction of President Obama’s nominee for secretary of labor, Thomas Perez, got a strong rebuke from a coalition of Latino organizations that held a march and rally on Wednesday to call for an end to the filibuster threats to his nomination. “We are here to put forward our full support for Tom Perez [...]
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African Americans in retirement or on disability would be hit particularly hard by a proposal to use the “chained CPI” to limit cost-of-living adjustments to Social Security benefits, according to a new study released by the Center for Global Policy Solutions. Changing the inflation adjustment from the commonly used Consumer Price Index to the chained [...]
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Corporations are shifting more of their money overseas to avoid the taxman in the U.S. and pursuing territorial tax legislation in Congress that would further enshrine that tax evasion into law. At a conference call Monday for progressive writers hosted by the Campaign for America’s Future’s Dave Johnson, leaders of Center for Tax Justice and [...]
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The Congressional Progressive Caucus and AFL-CIO president Richard Trumka pressed their opposition to President Obama’s proposed chained-CPI change to Social Security benefits at a Thursday afternoon news conference, denouncing it as a cut in benefits for those who need the social safety net the most. Fifteen members of Congress, as well as around 45 supporters [...]
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Opponents of President Obama’s ”chained CPI” proposal to reduce cost-of-living increases in Social Security protested in front of the White House this afternoon, bringing with them boxes of petitions bearing two million signatures urging the president to not include the proposal in the fiscal 2014 budget scheduled for release tomorrow. “The president’s decision to include [...]
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“In this country, you gotta make the money first. Then when you get the money, you get the power.” Ah yes, the immortal words of philosopher Antonio Montana in his seminal work, “Scarface.” Unfortunately, he has a point. Those who have the money in America do have the power. This is a real problem for [...]
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California Representative John Garamendi held a conference call today to build support for H.R. 949, The Invest in American Jobs Act of 2013, with the Campaign for America’s Future’s Robert Borosage and Dave Johnson. This bill, introduced last week, has bipartisan support and a goal that many Americans can get behind: ensuring that all the [...]
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The news just keeps getting better for the millions of Americans making minimum wage. Today, three weeks to the day after President Obama called for raising the minimum wage to $9 an hour in the State of the Union address, two congressional Democrats have done him one better: Sen. Tom Harkin of Iowa and Rep. [...]
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In the last several years, new economic terms have entered the American lexicon. Debt ceiling, fiscal cliff, sequestration. Well, we reached a deal on the first one, though it lowered our credit rating, and eventually took a few steps away from the fiscal cliff, though the economy contracted due to fear of this cliff. Tomorrow, [...]
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