Barclays, Weighed Down by Litigation Charges, Reported Loss in 2014
LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as the British bank’s annual results were dragged down by charges related to potential fines and…
Tag: income
Here Are The Top 10 Part-Time Jobs For 2015
As the country has slowly recovered from the Great Recession in recent years, many workers have been forced to take on part-time or temporary work, as full-time options are often…
Who Gets Food Stamps? White People, Mostly
WASHINGTON — Gene Alday, a Republican member of the Mississippi state legislature, apologized last week for telling a reporter that all the African-Americans in his hometown of Walls, Mississippi, are…
Janet Yellen meets with conservatives
“Chair Yellen was engaged, gracious and asked key questions,” Steve Lonegan, the director of monetary policy at the American Principles in Action who organized the meeting, told CNN after the…
Republicans Put On A Nice Face When It Comes To Food Stamps
WASHINGTON — Republicans in the House of Representatives on Wednesday started in on a “top-to-bottom” review the Supplemental Nutrition Assistance Program, commonly known by its former name, food stamps —…
Top Democrat Pushes Back On Expanding Obama’s Trade Powers
WASHINGTON — The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-Ore.). As the top Democrat on the Senate Finance…
The 10 Richest U.S. Presidents
This story was originally published on 24/7 Wall St. The ongoing debate over income inequality has picked up steam, especially as the economic recovery is widely considered to be benefiting…
Mom’s Theory About How Her Privileged Son Ended Up Homeless (VIDEO)
Christopher, 27, grew up in a well-to-do family, went to college and landed a good job with a six-figure income. He lived in a beautiful home and drove a nice…
The California Chasm: A Look At Income Inequality In The Golden State
This piece was originally published on Capital & Main. As it pushes historic levels, inequality has become a hot topic. Activists have organized around the rich-poor divide, with “The One…
Economic Plan Is a Quandary for Hillary Clinton’s Campaign
With advice from more than 200 policy experts, Hillary Rodham Clinton is trying to answer what has emerged as a central question of her early presidential campaign strategy: how to…
Artist Uses Music To Illustrate NYC’s Income Inequality Across A Single Subway Line
What can a New York City subway ride tell us? In the work of Brian Foo, it offers a unique way to examine income inequality across different parts of the…
HUFFPOLLSTER: Why Americans Support Tax Hikes On The Wealthy
Voters in three key battlegrounds support tax hikes on the rich. The share of adults living in middle income households has narrowed. And Hillary Clinton’s support is greater now than…
What Mississippi can teach California
I can’t believe I’m writing this, but: California, you’ve got a heck of a lot to learn from Mississippi. Not in terms of per capita income, obesity rates or LGBT…
Obama Budget Proposal To Target Income Inequality: Report
President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds…
Moral Monday Returns With Public Opinion, If Not The North Carolina Legislature, On Its Side
WASHINGTON — More than 100 faith leaders and protesters affiliated with the Moral Monday movement staged a protest at the North Carolina legislature Wednesday, continuing for a third straight year…
Karl Rove: I don’t hate poor people. I ‘came from nothing.’
“It bothers me that statistically the greatest predictor of a child’s financial security in the United States is the financial circumstances of their parents,” said Carville, a former CNN contributor….
Most Americans Doubt They’ll Benefit From Either Party’s Economic Proposals
WASHINGTON — The economic vision President Barack Obama laid out in last Tuesday’s State of the Union has widespread appeal, as do many of his key policy proposals — but…
Super Rich Planning Escapes Amid Growing Concern Over Inequality: Davos Speaker
With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed…
This Map Reveals Just How Unequal The So-Called Recovery Is
In his State of the Union address last week, President Barack Obama cheered rising wages. What he didn’t mention is that much of the income gained since the recession has…
Middle Class Shrinks Further as More Fall Out Instead of Climbing Up
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a…
States Where The Middle Class Is Dying: 24/7 Wall St.
Click here to see the states where the middle class is dying. The American economy is by many measures well on the road to full recovery. The national unemployment rate…
The good and bad in Obama’s tax plan
President Obama’s new tax plan includes some sensible ideas. Unfortunately, it would mean increasing taxes on saving and investment, which are key drivers of economic growth, according to various experts….
Top lawmakers want answers about Obamacare site
READ: Top health official involved with Obamacare resigns According to a copy of the letter obtained by CNN, “The committee is concerned … that sensitive consumer information submitted by visitors…
Jack Lew Says Congress Should Turn Efforts Toward Business Taxes
Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation’s tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on…
States where taxes hit the poor hardest
“No-income-tax states like Washington, Texas and Florida do, in fact, have average-to-low taxes overall. However, they are far from ‘low-tax’ for poor families,” the report notes. In Illinois, there is…
Nearly 8 out of 10 U.S. tax filers get tax refunds
For low-income filers, a big part of their refund is due to the Earned Income Tax Credit, which they can claim as long as they hold a job. The EITC…