Economy & Budget

Corporate rewards: Controlling U.S. trade policy

Real men, real human beings, with feelings and families, fought and died at Gettysburg to preserve the Union, to ensure, as their president, Abraham Lincoln, would say later, that “government of the people, by the people, for the people, shall not perish from the earth.”


Pushing on a string: Why tax breaks for the rich won’t help

The future of America’s middle class is at stake as the battle over the Bush tax cuts heats up in Washington. Despite the fact that a strong majority of Americans support ending the Bush tax cuts for the wealthiest, some in Congress are still hesitant. It’s at times like these that we should take a long, hard look at what got us into this economic mess.


When debating the Bush tax cuts, consider the effects on people of color

As Congress and the White House wrangle over the future of the Bush tax cuts, they would do well to consider the effects of those policies on people of color.

Far too little notice has been paid so far to the growth of the economic divide between white Americans and people of color in the run-up to and during the Great Recession.


LGBT business community plays key role in economic progress

Commerce Secretary Gary Locke addressed lesbian, gay, bisexual and transgender (LGBT) business owners and entrepreneurs today at the National Gay & Lesbian Chamber of Commerce (NGLCC) 7th Annual National Business and Leadership Conference in Washington, D.C. Locke emphasized the strong partnership between the Obama administration and the NGLCC to advance issues important to the LGBT community, and highlighted a Memorandum of Understanding that he will sign to deepen the relationship between the Department of Commerce and the Chamber and expand opportunities for all LGBT businesses:


A recession neither great nor small

It is about time that we admit that what we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out, in von Clausewitz’s words “by other means”.


I won't support Omnibus spending bill (Sen. Mitch McConnell)

Senate Republican Leader Mitch McConnell (R-Ky.) delivered the following remarks Thursday regarding extending current tax rates:

We’ve got a lot to do and not much time to do it before the end of the session. The American people spoke loudly and clearly on Election Day.

They want us to put aside the liberal wish list and focus on jobs. And the most important thing we can do to create jobs between now and January 1st is to send a message to job creators that we aren’t going to raise their taxes.


Hard choices and a steady resolve: The future for Democrats in the House (Rep. Steny Hoyer)

House Majority Leader Steny Hoyer released the following statement upon election as Democratic Whip, the second ranking member of Democratic leadership:

I am honored that my colleagues have re-elected me to the second-ranking position in our Democratic leadership for the next Congress. Helping to lead our Caucus means listening to our Democratic Members—and to the millions who are still struggling across our country. Americans are rightly frustrated with the pace of our economic recovery. Now, it’s our job to redouble our efforts to create jobs and strengthen the middle class. We will continue to put forward a positive agenda on jobs. One of the most important ways we can work constructively to create secure, middle-class jobs is by continuing to act on the Make It In America agenda: A plan to rebuild American manufacturing and level the trade playing field for American businesses and workers.


We need a fix-the-economy commission

The co-chairs of the president’s deficit commission have issued preliminary recommendations, and the reaction is fairly predictable.

For example, as a progressive organization, USAction strongly opposes cuts to Social Security and Medicare as well as cuts to domestic discretionary spending. On the other hand, we love the proposed cuts on the military side – the elimination of obsolete weapons systems, a reduction in overseas operations and other savings that will not weaken our national security one bit.