The study found that of the 379 profitable companies, 91 paid no federal income taxes. A further 56 companies paid rates between 0% and 5%. Continue reading Study: One Quarter of Profitable Fortune 500 Companies Paid $0 in Federal Income Taxes in 2018
The bill includes one-time payments of up to $1,200 for individuals, $2,400 for married couples filing jointly, and $500 per child. Continue reading $2 Trillion Coronavirus Relief Bill Signed into Law
This figure corresponds to 2% of all U.S. workers — 1 in 50. Continue reading 3.3 Million U.S. Workers Filed For Unemployment Last Week, Obliterating Previous Record
Spain has nationalized all private hospitals in effort to contain coronavirus outbreak. The European nation also declared a state of emergency, placing the country in lockdown. Continue reading Spain Nationalizes Private Hospitals, Declares Coronavirus Lockdown
Sunday’s move appeared to be the largest single-day action ever taken by the Fed on record. Continue reading Federal Reserve Slashes Rates to Near-Zero and Announces $700B Quantitative Easing
This is the second major increase in the minimum wage, which was raised by 16% in 2019. Continue reading Mexico to Raise Minimum Wage 20%
Poor record keeping caused trillions to be counted multiple times. Continue reading Pentagon Adjusts $35 Trillion in Accounting Errors for 2019
A meta-study of 22 studies examining the potential affects of a single-payer healthcare system on the U.S. economy has shown healthcare spending would fall under the system. Nineteen of the studies found that spending would fall in the first year, and all twenty-two studies found spending would fall in the long term. The majority of savings were predicted to come from simplified billing and lower … Continue reading Meta-study: U.S. Single-payer Healthcare System Would Reduce Costs
They point out exemptions and tax avoidance have created levels of inequality in the U.S. not seen since before the Great Depression. Continue reading Economists argue anti-tax sentiment in the U.S. stems from history of slavery
He argues it does not capture information needed to fight crises we currently face, including the climate crisis and inequality crisis. Continue reading Nobel prize winning economist calls for end of using GDP as metric of economic performance
