Wells Fargo, Bank of America and Citigroup were all deeply involved in the sub-prime mortgage crisis, which prompted the Great Recession and the huge budget deficits. And they pay no taxes.
We're chumps unless we force Congress to stop tax haven abuse.
The budget reduces business taxes by $1.8 billion. This deficit-creating proposal is made up for by increasing taxes on seniors and families by $1.7 billion.
"It's significantly less bad than the Republican budget - but it's not going to bring down unemployment in my hometown," one reporter commented at a White House press conference.
While far better than the GOP's right-wing wrecking ball budget, the president's budget unfortunately finds savings in cutting assistance to help poor and working people and keep them warm.
A few weeks ago Citigroup’s Robert Rubin wrote a column advising readers and policymakers on how to surmount the current economic and financial crisis. Beware of such counsel!
As a massive winter storm pounds much of the country, the tea party/Republicans are pushing a disastrous narrative: strangle vital public services, like snowplowing, then blame public workers and their unions.
Detailed analysis of House Republican economic proposals reveals an extreme agenda that few Americans would have knowingly voted for.
I'm so glad the Republicans on the Financial Crisis Inquiry Commission have set me straight.
It is possible to have job creation, reinvestment in America, improvement in retirement security and health care for all, while at the same time balancing the budget.