Thursday, December 8, 2011
45 GOP Senators Filibustering Consumer Protection Nominee Have Received Millions From Wall Street This Year
45 GOP Senators Filibustering Consumer Protection Nominee Have Received Millions From Wall Street This Year: pThe Senate today is scheduled to vote on the nomination of former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau, the new agency created by the Dodd-Frank financial reform law. It’s unlikely, at this point, that Democrats have enough votes to overcome a Republican filibuster. Forty-five Republican senators have pledged to [...]/p
Wednesday, December 7, 2011
Corporate Tax Dodging Has Cost States More Than $42 Billion In Revenue Over The Last Three Years
Corporate Tax Dodging Has Cost States More Than $42 Billion In Revenue Over The Last Three Years: pThinkProgress has documented the repeated tax dodging of large corporations, some of which, like GE, have gone entire years without paying taxes despite hauling in massive profits. Now, that phenomenon has spread to the states, where many corporations have largely avoided paying state corporate income taxes despite growing profits. Some companies, like DuPont, avoided state [...]/p
Monday, December 5, 2011
Gap Between Rich And Poor Widening Across The Developing World, As Bankers And Executives Reap More Income
Gap Between Rich And Poor Widening Across The Developing World, As Bankers And Executives Reap More Income: pAccording to a new report by the Organization for Economic Cooperation and Development, income inequality — which has sparked the Occupy Wall Street movement in the U.S. — is increasing all across the developed world, led by bankers and executives reaping bigger and bigger income gains. In the OECD countries, the richest 10th of the [...]/p
Romney’s Stimulus Plan Would Have Been Tax Cuts For Corporations And The Rich
Romney’s Stimulus Plan Would Have Been Tax Cuts For Corporations And The Rich: pThe Recovery Act of 2009 (i.e. the stimulus) has, according to the Congressional Budget Office, been employing more than 3 million people this year, while saving millions more from poverty through boosting programs like unemployment benefits. Though it was not large or targeted enough to deal with the depth of the Great Recession, the stimulus [...]/p
The Tax-Dodging Owners Of Zuccotti Park Owe The City $139,000 In Back Taxes
The Tax-Dodging Owners Of Zuccotti Park Owe The City $139,000 In Back Taxes: pIt turns out that the owners of Zuccotti Park — the historic site of Occupy Wall Street — have been engaged in some of the very same tax-dodging that many of the protesters were enraged about. The “city Finance Department says park owner Brookfield Properties and its parent company, Brookfield US Corp., currently owe the [...]/p
GOP Supercommittee Member Admits Bush Tax Cuts Didn’t Create Jobs, Can’t Explain Why
GOP Supercommittee Member Admits Bush Tax Cuts Didn’t Create Jobs, Can’t Explain Why: pRepublicans this week filibustered a Democratic plan to extend a soon-to-expire payroll tax cut, objecting to the fact that the extension was paid for by implementing a small surtax on income in excess of $1 million. To justify their objection to taxing the wealthy, Republicans have revived their false claim that taxing the rich amounts [...]/p
Sunday, December 4, 2011
Saturday, December 3, 2011
Former Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage Loans
Former Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage Loans: pOne of the most pernicious practices in which the nation’ biggest banks engaged during the lead up to the financial crisis was pushing minority borrowers into subprime loans, even when many of them qualified for prime loans. Wells Fargo had perhaps the most horrifying practices in this department, calling the subprime loans that they pushed [...]/p
Scott Walker’s New Policy May Result In Protesters Being Charged For The Pepper Spray Used Against Them
Scott Walker’s New Policy May Result In Protesters Being Charged For The Pepper Spray Used Against Them: pUnder a new policy unveiled late this week by the Walker administration, protesters who apply for permits to protest outside government buildings in Wisconsin may be charged for clean-up costs and the presence of police officers. “Gov. Scott Walker now wants to charge protesters for the time that the police that will monitor them and [...]/p
Friday, December 2, 2011
Thursday, December 1, 2011
New Hampshire GOP Speaker Discourages Students From Voting Because They’ll Vote ‘Liberal’
New Hampshire GOP Speaker Discourages Students From Voting Because They’ll Vote ‘Liberal’: pAs ThinkProgress has been reporting, the slew of unnecessary voter ID laws passed by Republicans in many states this year are a transparent attempt to disenfranchise core Democratic voters, especially college students, the poor and minorities. But Republicans usually claim these laws are passed for the sake of curbing nonexistent voter fraud — it’s rare [...]/p
Former Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage Loans
Former Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage Loans: pOne of the most pernicious practices in which the nation’ biggest banks engaged during the lead up to the financial crisis was pushing minority borrowers into subprime loans, even when many of them qualified for prime loans. Wells Fargo had perhaps the most horrifying practices in this department, calling the subprime loans that they pushed [...]/p
Top GOP Strategist Admits He’s ‘Scared’ Of Occupy Wall Street Because It’s ‘Having An Impact’
Top GOP Strategist Admits He’s ‘Scared’ Of Occupy Wall Street Because It’s ‘Having An Impact’: pThe The Republican Governor’s Association met in Florida this week and featured pollster Frank Luntz, who offered a coaching session for attendees about how they should communicate to the public. Yahoo! News’ Chris Moody was there, and captured some of Luntz’s comments on Occupy Wall Street. Luntz told attendees that he’s “scared of this anti-Wall [...]/p
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