Report: US Ranks as Third for Financial Secrecy

The Tax Justice Network has released the largest ever survey of global financial secrecy. The United States ranks third—only Switzerland (#1) and Hong Kong (#2) pose larger threats to financial transparency efforts, according to the index.

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Of, By, and For the People: Pro-Democracy Victories

Voters in Maine, Ohio, and Seattle approved statewide pro-democracy ballot initiatives last week. The successes of these ballot initiatives echo an increasing public interest in the negative role big money and influence can play in politics across the country.

Each state’s initiative took a different approach to protecting our democracy.

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Warren Bill Would Give Seniors a Raise; the SAVE Benefits Act Takes a Stand Against Inequality

Roughly two-thirds of seniors rely on Social Security for more than half of their income. In stark contrast, a new report we co-published last week with the Institute for Policy Studies found that the 100 largest CEO retirement accounts contain $4.9 billion—more than 41 percent of Americans families have saved for retirement, combined.

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The Deal’s Done: What’s in the Budget Agreement

Early this morning, the Senate passed a two-year budget deal, that President Obama is expected to sign soon.  It would:

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Report: 100 CEOs have as much in retirement assets as 41% of American families

A just-released report by the Center for Effective Government and the Institute for Policy Studies,A Tale of Two Retirements, is the first to provide detailed statistics on the staggering gap between the retirement assets of Fortune 500 CEOs and the rest of America.

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Paul Ryan Wants A “Healthy” Work-Life Balance… So Do We!

This week, Rep. Paul Ryan found himself in a very unique bargaining position with his colleagues in the U.S. House of Representatives. He held all the cards—they desperately needed him for his leadership, his determination, and his political prowess. For anyone who’s ever negotiated on salary, it was a dream situation. Republicans were basically reduced to pleading: Please, Paul, take the promotion! Just let us know your price!

And name a price he did.

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IRS Calls on Coca-Cola to Pay Up

Coca-Cola might owe an additional $3.3 billion in federal income taxes following an audit, says the Internal Revenue Service (IRS).

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Debt Ceiling Crisis Déjà Vu?

In 2013, the country gasped at the willingness of radical deficit-hawks to hold the country’s credit-worthiness hostage in an attempt to force cuts to Social Security and Medicare.

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Let's Stop the Tax Cuts for Corporations Instead

How much would it cost to #StopTheCuts to all the non-defense programs threatened by sequestration next year? $37 billion. And even if the sequester is averted, funding for these programs would be at historically low levels, following years of reduced funding.

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Don’t Pave Our Potholes with Corporate Tax Cuts

If drivers won’t pay 21st century prices for 21st century roads, our once world-class infrastructure will go the way of dial-up Internet.

Life was different in the 1990s. Back in ‘93, a lucky few used dial-up Internet to access one of 800 websites available worldwide. Smart phones were a distant dream. The TV dinosaur Barney had just started “edutaining” America’s children.

And gas cost about $1.30 a gallon — including 18.4 cents in federal taxes to build and maintain our roads, bridges, and transit systems.

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