Category: Economy

Yellen Calls for ‘Global Minimum Corporate Tax’ to Stop ‘Race to the Bottom’
The US treasury secretary is proposing an international "minimum corporate tax," such that the United States and other nations potentially could raise taxes on corporations in their home countries without fear that those companies would then bolt overseas to another country with a more-favorable tax rate.

W.H. Climate Adviser: When the President Says He Hears the Word ‘Climate,’ He Thinks ‘Jobs’
While a Republican climate denier tries to play "gotcha" by singling out the elements of President Biden's big new infrastructure plan which pertain to dealing with global climate change, the White House climate adviser is more than happy to own those provisions.

COVID Relief Bill Is Practically FDR Level Type of Reform
With congressional Democrats having finally gotten President Biden's $1.9 trillion COVID relief package across the legislative finish line, they've handed Biden a political win even larger than what it looks like on the surface, according to observers across the political spectrum.

The Minimum Wage Wars: Everyone, It Seems, Has A Battle Plan
Although they weren't successful in ultimately including it as part of President Biden's COVID relief package, neither Biden nor congressional Democrats have given up on raising the federal minimum wage. The question is: Raise it just how much?

Stabenow on Party Line Covid Relief Vote: GOP Filed Amendments ‘Literally Taking Food Out of the Mouths of Babies’
Michigan Sen. Debbie Stabenow (D) pushed back on questions about the lack of bipartisan support for the Biden administration’s COVID relief bill, noting that “you have to have people on both sides who want to do it.”

‘As a Matter of Values, I Can Just Say, We Will Not Rest Until We Pass the $15 Minimum Wage’
As they regroup following a parliamentary setback in the Senate, congressional Democrats say that they remain committed to passing into law an increase of the federal minimum wage to $15 an hour.

House Progressive Leader: Senate Dems Should Overrule Parliamentarian to Raise Minimum Wage
Senate Democrats should overrule Senate Parliamentarian Elizabeth MacDonough's decision that legislation to raise the federal minimum wage cannot be included as planned as part of President Biden's $1.9 trillion COVID relief package, according to a chorus from the left.

Despite Even Democratic Opposition, Lawmakers Vow To ‘Find A Way’ Boosting Wage
Democratic lawmakers in both House and Senate are looking to overcome opposition within their own ranks to push the federal minimum wage to $15 per hour.

Conservative, Pro-business Group Calls For Trump’s Removal After Capitol Riot
In an extraordinary statement, one of Washington DC's largest and most powerful pro-business trade groups is calling for Vice President Mike Pence to "seriously consider" look at using an unprecedented provision of the US Constitution to remove Donald Trump from office following a day of rioting and insurrection by Trump supporters at the US Capitol.

Despite Pushes From Left, Right for Bigger Payments, Pelosi Defends $600 As ‘Significant’
Congress finally wrapped up an agreement on a new COVID relief package to boost a flagging US economy. But despite a last-minute unusual team-up from the left and right pushing for larger direct payments to American adults, lawmakers settled on sending checks of just $600 -- which is just half of $1,200 each adult American received in the last stimulus round.

