This week, Washington descends into its annual budget brawl. House Republicans unveiled their plan on Tuesday, with Senate Republicans to follow Wednesday. Their hope is to pass a common budget resolution through both bodies by mid-April. Their incentive is that if — and that is a big if — Republicans in the House and Senate can agree, they can use the process known as “reconciliation” to pass various right-wing passions by majority vote, no filibuster allowed. The House budget plan, for example, calls for repealing Obamacare, partial privatization of Medicare, turning Medicaid and food stamps into block grants for the states, and tax reforms that lower rates and eliminate any taxation on profits reported abroad, turning the rest of the world into a tax haven for multinationals. The president can veto the appropriations bill containing these items, setting up another government shutdown melodrama. This is not the way to run a railroad, much less a government.
Congress is nearing a vote on arguably the biggest change to private pension law in decades.
The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workers, mostly in construction but also in the transportation, manufacturing, retail and service sectors.
The Congressional Progressive Caucus is pushing its nearly 70 Democrats to oppose a sweeping funding bill on Thursday because it rolls back a key aspect of the Dodd-Frank financial reform law.
In our post-modern (or post-post-modern?) age, we are supposedly transcending the material certainties of the past. The virtual world of the Internet is replacing the “real,” material world, as theory asks us to question the very notion of reality. Yet that virtual world turns out to rely heavily on some…
Despite laws on the books, the median woman in America working full-time throughout the year is still paid just 79 cents for every dollar earned by a man. In an effort to narrow wage discrimination and a persistent gender pay gap, President Barack Obama unveiled new rules on Friday that…
Paul Mason, ardent critic of neoliberalism, sees a new epoch ahead. Economics professors like to demonstrate the inherent flaws of Soviet-style command economies by asking students to imagine what would have happened if the Soviet Union had tried to create Starbucks. Presumably, a Soviet Starbucks would have offered only two…
More than 20 congressional Democrats invited Muslim guests to President Barack Obama’s final State of the Union address Tuesday, to counter what they say is negative rhetoric on Capitol Hill and speeches on the presidential campaign trail.
'It is inhumane for DHS officials to disregard these threats and cause fear and anguish for immigrant families,' say Progressive Caucus co-chairs
Rick Perlstein on the Chicago mayor; Adam Gopnik and Amy Wilentz on Charlie Hebdo; and Rebecca Solnit on climate change in the Himalayas.
'To poison all the children in an historic American city is no small feat'
More than one a day. That is how often mass shootings (four or more people wounded or dead) occurred in the United States this year. Including the worst shooting of the year (so far), which unfolded only yesterday in San Bernardino, a total of 462 people have died and 1,314 have been…
Right now, the future seems dark and frightening and it is precisely now that we must continue to imagine other worlds and then plot ways to get there.
Study of Forbes 400 finds nation's wealthiest own more wealth than the bottom 61 percent of the country, or 194 million people