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Pieces of Silver

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Krugman points out that the federal tax rate for the top 1% is 34% in 2013, according to the Congressional Budget Office, because president Obama let the high end Bush tax cuts to expire. It is the number to remember says Krugman- 34. In 2008 the figure was 28.2. Under Hillary Clinton the average tax rate for the top 1% would go up by 3.4 percentage points, according to the Tax Policy Center. Some of this would help pay for the tution plan to provide access to the middle class to public universities. Under populist Trump, Krugman points to the elimination of the inheritance tax and tax rates going down substantially, and no such programs to promote the upward mobility that everyone is talking about, and no way to pay for a big infrastructure building effort for growth and jobs- upward mobility that is the focus of every candidate's election campaign including Sanders, Trump in appealing to older white working class families, Clinton, Ryan, Bush, and others in both parties.  


Paying for upward mobility and infrastructure in the U.S.- the number 34 and why it matters

08/12/2016

Infrastructure building would boost growth and jobs for the working class, providing access to public universities by removing high tution barriers would enable upward mobility for a once again growing middle class.

Grouped Articles

Pieces of Silver

The New York Times 08/12/2016

Trump a Working-Class Hero? A Blue-Collar Town Debates His Credentials

The New York Times 08/26/2016

Apple should repay Ireland 13bn euros, European Commission rules - BBC News

BBC News 08/30/2016

Apple must now pay its taxes. This is a vindication of protest | Owen Jones

The Guardian 08/30/2016

The Economic Expansion Is Helping the Middle Class, Finally

The New York Times 09/13/2016

Struggling to Serve at the Nation’s Richest University

The New York Times 10/24/2016

Donald Trump on crime, taxes, national debt, and terrorism- statements and reality

07/22/2016

Fact check by the WSJ on statements Trump made about law and order, crime, debt, taxes, and NYT fact check on Clinton for terrorism

Grouped Articles

Fact-Checking Donald Trump’s Remarks on Taxes, Debt and Crime

WSJ 07/22/2016

Voices From Donald Trump’s Rallies, Uncensored

The New York Times 08/03/2016

Pieces of Silver

The New York Times 08/12/2016

Mark Sanford: I Support You, Donald Trump. Now Release Your Tax Returns.

The New York Times 08/15/2016

America Is Safer Than It Used to Be. So Why Do We Still Have Calls for ‘Law and Order’?

The New York Times 08/30/2016

Donald Trump Acknowledges Not Paying Federal Income Taxes for Years

The New York Times 10/10/2016

Sharp differences between Democratic and Republican parties in the the U.S. presidential election debates of 2015

11/16/2015

Sharp differences emerge between the two parties on the minimum wage, taxes, spending and foreign policy. For domestic policy there are now stark differences between the 2 parties not seen for many years when both parties stayed closer to the centre. One has to go back to the Reagan election to see such differences. This also reflects the issue of a shrinking middle class, and a white working class that is falling behind in the 2016 U.S. presidential election. The Republican candidates except for John Kasich oppose increasing the minimum wage from $7.25 an hour set in 2009. The Democratic candidates O'Malley and Sanders support setting it at $15, and Hillary Clinton supports it at $12, as advised by economist Alan Krueger. Krueger sees no significant job losses at $12 an hour. Also to be factored in is the time period this goes into effect which may span some years. On taxes Democratic candidates support taxing the wealthy, especially the top 1%, Clinton favoring taxing wealthy above $250,000 in incomes. This would pay for free tution under the Sanders plan, or an alternative plan by Clinton with similiar outcomes. The Democratic candidates are focussed on a middle class and white working class that they see as falling behind. The Republicans focus on cutting taxes to create jobs. On foreign policy Sanders is against foreign intervention, Clinton supports limited engagement differing from Obama's very cautious policy. Republican candidates such as Jeb Bush call for intervention in Syria-Iraq, Trump not favoring intervention. Other issues setting the two parties apart is the approach to immigration and Obama health care program. Donald Trump has the most strident views on immigration calling for large deportations, and Hillary Clinton calling for giving a pathway to legal status for illegal immigrants. In the debates Democratic candidates repeatedly emphasize that immigration from Mexico is now practically nill following the sharp U.S. recession. Mainstream media on the Republican side see risks in the strident po

Grouped Articles

Parties’ Divide on the Economy Widens

Wall Street Journal 11/16/2015

Sanders: Unlike Clinton, I won’t seek ‘reckless adventures abroad’ - The Washington Post

Washington Post 11/19/2015

A political bomb is about to blow up in the Democrats’ faces - The Washington Post

Washington Post 12/25/2015

What Republicans Should Say

New York Times 01/29/2016

Finding Common Political Ground on Poverty

New York Times 02/02/2016

Donald Trump Notches More Wins, but Ted Cruz’s Victories Promise Long Race

Wall Street Journal 03/02/2016

Donald Trump and the situation with the undisclosed tax returns

08/11/2016

Grouped Articles

How Much Does Donald Trump Pay in Taxes? It Could Be Zero

The New York Times 08/11/2016

Pieces of Silver

The New York Times 08/12/2016

Mark Sanford: I Support You, Donald Trump. Now Release Your Tax Returns.

The New York Times 08/15/2016

Hillary Clinton and Tim Kaine Show New Tax Returns, Pressuring Donald Trump

The New York Times 08/12/2016

If Trump Gets His Way, Real Estate Will Get Even More Tax Breaks

The New York Times 09/01/2016

Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found

The New York Times 10/02/2016

U.S. Democratic Party platform in 2016- infrastructure building and efforts to reduce inequality, increase opportunity

07/13/2016

Support for many of the Bernie Sanders efforts to reduce inequality- free public college tution, $15 minmum wage, financial transactions tax and other measures.

Grouped Articles

The Democratic Platform’s Sharp Left Turn

WSJ 07/12/2016

What the New GOP Means for Wall Street

WSJ 07/19/2016

Bernie Sanders Says ‘Elect Hillary,’ Gets Heavily Booed

WSJ 07/25/2016

Bernie Sanders aims to cool tensions in Philadelphia

CNN 07/25/2016

Hillary Clinton’s New Democrats

The New York Times 07/26/2016

In Hillary Clinton’s Nomination, Women See a Collective Step Up

The New York Times 07/29/2016

The Bush tax cuts in 2012

08/05/2010

Grouped Articles

The Wisdom and Folly of the Bush Tax Cuts

BusinessWeek 08/05/2010

Looming Fiscal Cliff May Already Be Stalling Business Activity

New York Times 07/11/2012

A Minimum Tax for the Wealthy

New York Times 11/25/2012

Middle Class Malaise Complicates Democrats’ Fiscal Stance

New York Times 12/12/2012

Pieces of Silver

The New York Times 08/12/2016

2016 U.S. presidential candidate Jeb Bush's Tax Plan

09/09/2015

Grouped Articles

Bush Tax Plan Scores High on Growth Scale

Wall Street Journal 09/10/2015

Jeb Bush’s new tax plan could cost $3.4 trillion over next decade - The Washington Post

Washington Post 09/10/2015

The Bush Growth Plan

Wall Street Journal 09/10/2015

Jeb Bush Tax Plan Makes Forays Into Populism

New York Times 09/09/2015

How Jeb Comes Up Trumps

Wall Street Journal 09/15/2015

The Surprising Target of Jeb Bush’s Tax Plan: Private Equity

New York Times 09/14/2015

The $250,000 income figure in U.S. president Obama's plans for taxes on the rich

04/12/2009

The cutoof below which Democrats propose permanently extending the Bush era tax cuts in fiscal cliff negotiations.

Grouped Articles

Richly Undeserved

New York Times 04/12/2009

Obama’s Tax Plan Would Spare Many Affluent Families

New York Times 12/06/2012

President Delivers a New Offer on the Fiscal Crisis to Boehner

New York Times 12/17/2012

Boehner Weighs 'Cliff' Backup Plan

Wall Street Journal 12/18/2012

On the Left, Seeing Obama Giving Away Too Much, Again

New York Times 01/01/2013

Battles of the Budget

New York Times 01/03/2013

Taxes paid by large U.S. corporations and Obama's 2015 Budget

03/04/2014

Experts say the reason companies like GE paid only 4.2% in taxes in 2013- as shown in the WP report citing its annual filing, is that large companies have become adept at gaming the tax rules.

Grouped Articles

Seven things you absolutely need to know about Obama’s budget

Washington Post 03/05/2014

Obama Scales Back Budget Goals

Wall Street Journal 03/05/2014

Obama’s Budget Is a Populist Wish List and an Election Blueprint

New York Times 03/04/2014

Pieces of Silver

The New York Times 08/12/2016

Google's U.S. federal tax liability of 18%. GE's low tax rate.

10/28/2010

The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.

Grouped Articles

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds

Wall Street Journal 05/21/2013

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

New York Times 05/20/2013

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes

Wall Street Journal 05/22/2013

Europe Tackles Tax Evasion

Wall Street Journal 05/22/2013

Ireland Defends Tax Laws to Critics at Home and Abroad

New York Times 05/21/2013

The Corrosive Effect of Apple’s Tax Avoidance

New York Times 05/23/2013

U.S. presidential candidate Romney's finances and tax returns

01/19/2012

Grouped Articles

Romney's Unorthodox IRA

Wall Street Journal 01/19/2012

Romney's Fair Share

Wall Street Journal 01/25/2012

Mitt Romney's Box of Kryptonite

BusinessWeek 02/23/2012

Team Romney's Relentless Driver

Wall Street Journal 05/26/2012

Political Perceptions: Paul Ryan’s Intangible Assets

Wall Street Journal 08/14/2012

Romney: I’ve paid at least 13 percent tax rate in each of past 10 years - The Washington Post

Washington Post 08/17/2012

Flatter U.S. tax rates over $400,000 mean lost revenue and lacking fairness

04/12/2009

The same tax rate for incomes at over $400,000, or over $4 million or $40 million mean lost revenues and do not incorporate fairness, according to this report.

Grouped Articles

Richly Undeserved

New York Times 04/12/2009

Pieces of Silver

The New York Times 08/12/2016

Warren Buffett on a U.S. wealth tax

11/25/2012

Grouped Articles

Warren Buffett Has an Image Problem

Wall Street Journal 11/13/2015

A Minimum Tax for the Wealthy

New York Times 11/25/2012

Let’s Talk About X

New York Times 11/29/2012

Most Americans Face Lower Tax Burden Than in the 80s

New York Times 11/29/2012

Britain's Missing Millionaires

Wall Street Journal 11/29/2012

Pieces of Silver

The New York Times 08/12/2016

The 0.035% quarterly tax on assets of U.S. banks over $500 billion proposed by House Ways and Means Committee chairman Dave Camp in 2014

03/07/2014

"Too big to fail" financial firms would pay a tax which would raise about $84 billion over 10 years.

Grouped Articles

The Banking Tax of Attainder

Wall Street Journal 03/07/2014

Pieces of Silver

The New York Times 08/12/2016

Tackling middle class poverty in the U.S.- causes and strategies

03/11/2009

Shrinking incomes, low job growth, growth in temporary jobs, offshoring of jobs, are part of a trend since 1989. This is compounded by acceleration of developments during the last decade of low savings and paltry return on savings, effects on net worth of the financial crisis of 2008 through job losses, lost income, foreclosures, high cost of health care and college tution for children. The combination is creating a new kind of middle class poverty in the U.S. The Obama administration has pushed for college education even as it is becoming less affordable and neglected jobs training. The push to raise the minimum wage helps the poor but does not do as much for the middle class.

Grouped Articles

Income Slides to 1996 Levels

Wall Street Journal 09/14/2011

Japan Is a Model Not a Cautionary Tale

New York Times 06/09/2013

OECD report cites rising income inequality - The Washington Post

Washington Post 12/06/2011

8 States to Raise Minimum Wage

New York Times 12/23/2011

U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide

Wall Street Journal 07/22/2013

Hungry in America

New York Times 02/10/2010

America's future competitiveness- access to education, educational levels, technology and business friendly environment

01/28/2009

Grouped Articles

Peterson and Hanushek: The Vital Link of Education and Prosperity

Wall Street Journal 09/11/2013

For First Time, Largest Group of Poor Children in U.S. Are Latino, Report Finds

Wall Street Journal 09/29/2011

Behind I.B.M.'s Big Predictions

New York Times 12/26/2011

Rules for the New Ways of Watching - David Carr

New York Times 12/24/2011

The Central Falls Success

New York Times 01/02/2012

The Coming Tech-led Boom

Wall Street Journal 01/30/2012

Increasing disparity in incomes, higher inequality and the middle class.

01/03/2010

The situation in the US, Germany, Britain, China, India, Brazil and other countries.

Grouped Articles

Survey in China Shows a Wide Gap in Income

New York Times 07/19/2013

Rich Man’s Recovery

New York Times 09/12/2013

German elections pit Merkel, challenger over poverty problems - The Washington Post

Washington Post 09/17/2013

America’s Sinking Middle Class

New York Times 09/18/2013

Europe's Easy-Money Policy Snubs German Savers

Wall Street Journal 11/25/2013

Germany's Social Democrats Agree to Coalition Talks With Merkel

Wall Street Journal 10/21/2013

2016 U.S. presidential election- matching programs and slogans for improving the life of the middle and working class

08/04/2016

Ultimately politicians have to deliver and you need well planned programs, specifics for action, to build infrastructure, to create jobs, and to increase wages and incomes for people working in the service economy and in manufacturing industries- how this happens as anger is being vented through slogans and the wall itself becomes a metaphor for those left out in the last 2 decades of tech based prosperity, is itself a question in the 2016 U.S. presidential elction.

Grouped Articles

Voices From Donald Trump’s Rallies, Uncensored

The New York Times 08/03/2016

Robust Jobs Report Spurs Fed Watch

WSJ 08/05/2016

Donald Trump, Hillary Clinton Spar Over Economic Proposals

WSJ 08/09/2016

Pieces of Silver

The New York Times 08/12/2016

Trump a Working-Class Hero? A Blue-Collar Town Debates His Credentials

The New York Times 08/26/2016

Apple should repay Ireland 13bn euros, European Commission rules - BBC News

BBC News 08/30/2016

Lower cost higher education for the struggling American middle class

01/26/2013

Grouped Articles

America’s Sinking Middle Class

New York Times 09/18/2013

In State of the Union, Obama Makes Middle-Class Pitch

Wall Street Journal 01/21/2015

Revolution Hits the Universities

New York Times 01/26/2013

Pieces of Silver

The New York Times 08/12/2016

Hillary Clinton's policy agenda and the changes in the Democratic Party by 2015-2016

07/09/2015

Many of the issues such as helping the middle class and generating better opportunities for middle and working class Americans that were not so prmoinent during Clinton's 2008 campign now resonate in the Democratic party. This makes it possible for Hillary Clinton to be closer to her natural form advocating a robust govenment effort in the Democratic party agenda and her campaign.

Grouped Articles

Hillary Clinton’s Economic Agenda Aims at a Party Shifting Left

New York Times 07/09/2015

Hillary Clinton Offers Her Vision of a ‘Fairness Economy’ to Close the Income Gap

New York Times 07/13/2015

Biden’s decision boosts Clinton and sets up a two-way race with Sanders - The Washington Post

Washington Post 10/21/2015

In Obama Era, G.O.P. Bolsters Grip in the States

New York Times 11/12/2015

Sanders: Unlike Clinton, I won’t seek ‘reckless adventures abroad’ - The Washington Post

Washington Post 11/19/2015

The Democratic Crack-Up

Wall Street Journal 01/15/2016

A disappearing U.S. middle class in 2012-2015

01/20/2010

Meyerson, Ignatius and others ask the tough questions about America and the prospects for a future with a disappearing middle class, pointing to the need to structure globalization and build cooperation between workers, management and the government in new constructive ways.

Grouped Articles

America’s Sinking Middle Class

New York Times 09/18/2013

State of the Union: Obama Seeks to Narrow Income Gap

Wall Street Journal 01/29/2014

More Men in Prime Working Ages Don't Have Jobs

Wall Street Journal 02/06/2014

The White Underclass

New York Times 02/08/2012

Falling Wages at Factories Squeeze the Middle Class

New York Times 11/20/2014

Why wage growth disparity tells the story of America's half-formed economic recovery - The Washington Post

Washington Post 11/22/2014

Krugman on student financial aid in the U.S. and the lack of education mobility for the middle class

01/28/2009

Grouped Articles

Japan Is a Model Not a Cautionary Tale

New York Times 06/09/2013

U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide

Wall Street Journal 07/22/2013

The Great Stagnation in American Education

New York Times 09/07/2013

America’s Sinking Middle Class

New York Times 09/18/2013

College Tuition Increases Slow, but Government Aid Falls

Wall Street Journal 10/23/2013

Upward Mobility Has Not Declined, Study Says

New York Times 01/23/2014

Reviving the use of the term "working class" in America as opposed to middle class- why this is important

11/12/2015

Cherlin, a professor at John Hopkins University, who has written about the decline of the working class family, once portrayed in television shows such as "All in the Family," says the term was seen as derogatory and avoided in recent times. Archie Bunker in that show was seen as bigoted and behind the times. He points out that Obama in his speeches has used middle class frequently but rarely used the term "working class." Yet he points out the Americans with a diploma at most but no bachelors degree, comprise 54 percent of the American people, and are quite different in lifestyle and educational opportunities than the middle class better educated Americans. They also face a different set of problems and obstacles to upward mobility and social mobility. It is right to revive the use of the term "working class" says Cherlin, so that one can wrap ones hands around the problem facing so many Americans. A combination of forces have trampled the future prospects of these Americans, many arising out of forces beyond the control of policy such as automation and global manufacturing, and some such as the problems created by the 2008 financial crisis which were the result of bad decisions by business have only worsened the situation.

Grouped Articles

The missing working class - The Washington Post

Washington Post 11/12/2015

The Bleak Reality Driving Trump’s Rise

Wall Street Journal 12/16/2015

It’s the American Dream, Stupid

Wall Street Journal 01/10/2016

Two Political Conventions, Two Distinct World Views

WSJ 07/28/2016

Voices From Donald Trump’s Rallies, Uncensored

The New York Times 08/03/2016

Pieces of Silver

The New York Times 08/12/2016

Faces of low and middle income families in the U.S. middle class 2013-2015- the effects of a surge in income volatility since the 2008 recession

12/03/2014

Grouped Articles

Unsteady Incomes Keep Millions Behind on Bills

New York Times 12/03/2014

Hiring Booms, but Soft Wages Linger

Wall Street Journal 01/10/2015

In State of the Union, Obama Makes Middle-Class Pitch

Wall Street Journal 01/21/2015

Incomes and Poverty, 2014

Wall Street Journal 09/17/2015

Not There Yet on Equal Opportunity

Wall Street Journal 10/21/2015

Pieces of Silver

The New York Times 08/12/2016

Krugman on poverty and hardship in America in 2015

05/29/2015

Krugman cites a Federal Reserve survey that shows 47% of people saying they could not meet an unexpected $400 expense without borrowing or suffering economic hardship.

Grouped Articles

The Insecure American

New York Times 05/29/2015

The I-Word Our Debates Are Missing

Wall Street Journal 12/10/2015

The Millions of Americans Donald Trump and Hillary Clinton Barely Mention: The Poor

The New York Times 08/11/2016

Pieces of Silver

The New York Times 08/12/2016

Apple must now pay its taxes. This is a vindication of protest | Owen Jones

The Guardian 08/30/2016

Struggling to Serve at the Nation’s Richest University

The New York Times 10/24/2016

U.S. House Speaker Paul Ryan and the Congressional task force on topics ranging from poverty to health care to set the Republican Agenda in 2016

04/21/2016

House Speaker Ryan is uniting the party behind a new Republican Agenda set by task forces on topics important to voters in 2016- from poverty, the Republican plan on health care, borders and security and other areas. With the lack of policy proposals from front runner Trump, the Republicans plan to run for Congress on the basis of this agenda that all Republican members of Congress were invited to participate in. This also helps unite the party after the volatile and personality driven campaign in Republican primaries of 2016, and help fill in specifics that voters feel comfortable with.

Grouped Articles

Inside Paul Ryan’s quest to set the Republican agenda - The Washington Post

Washington Post 04/21/2016

Paul Ryan Says He Is ‘Not Ready’ to Endorse Donald Trump

New York Times 05/05/2016

The Millions of Americans Donald Trump and Hillary Clinton Barely Mention: The Poor

The New York Times 08/11/2016

Pieces of Silver

The New York Times 08/12/2016

Apple must now pay its taxes. This is a vindication of protest | Owen Jones

The Guardian 08/30/2016

Donald Trump has broken the Republican Party | Americas | DW.COM | 12.10.2016

DW.COM 10/12/2016

Poverty among white Americans in 2010-2015

03/11/2009

A previous generation could count on good jobs in manufacturing with only a high school education. The last two decades of globalization have hit manufacturing jobs and wages in the U.S. hard and the impact is greatest on people without a college education. Other problems aggravating income and causing poverty is the increase of dropout rates from the labor force of young white American men, the effects of drug use and the lack of stable marraiges. This creates an underclass of whites in America, similiar to the underclass among minorities.

Grouped Articles

Racial Wealth Gap Widened During Recession

New York Times 04/28/2013

Income Slides to 1996 Levels

Wall Street Journal 09/14/2011

Young and Isolated

New York Times 06/22/2013

OECD report cites rising income inequality - The Washington Post

Washington Post 12/06/2011

U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide

Wall Street Journal 07/22/2013

Hungry in America

New York Times 02/10/2010

Increasing disparities in income in major U.S. urban areas in 2009-2013

01/20/2009

High unemployment and poverty in major urban areas of the US including Washington D.C. This is especially true for those without a college education.

Grouped Articles

Young and Isolated

New York Times 06/22/2013

The Great Stagnation in American Education

New York Times 09/07/2013

Peterson and Hanushek: The Vital Link of Education and Prosperity

Wall Street Journal 09/11/2013

U.S. Poverty Rate Stabilizes

Wall Street Journal 10/11/2013

Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum

Wall Street Journal 12/01/2013

Upward Mobility Has Not Declined, Study Says

New York Times 01/23/2014


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