Planet is on fire, but policies still too much business as usual mass.streetsblog.org/2024/05/14/ele…

Largest survey of Amazon’s frontline warehouse workers to date shows roughly half are struggling with food & housing insecurity & ability to pay their bills, with one-third relying on different kinds of public assistance programs cued.uic.edu/wp-content/upl…

This tax cut set to expire in 2025, though there's a push in Congress by large business groups and others to renew it, again under the banner of 'helping small business.' Evidence shows this ineffective, expensive, and regressive tax provision should be allowed to expire in full.

No boom to the economy was generated by Trump tax cuts for “pass-through” companies. No increase in tangible investment, number of nonshareholder employees, or increase in total employee wages associated with them compared to non-recipients. 🧵7/8

Over half of Trump tax cuts to 'pass-through' companies, supposedly for small business, went to the highest income 1% of households equitablegrowth.org/wp-content/upl…🧵6/8

Trump tax cuts for “pass-throughs” went overwhelmingly to white households with only 5% to Hispanics and 2% to Black households equitablegrowth.org/wp-content/upl… 🧵5/8

Other results of NBER study of Trump tax cuts for 'pass-through' companies more clearly distilled, along with other sources, in a great new paper by the Washington Center for Equitable Growth Equitable Growth equitablegrowth.org/2017-tax-cut-f… 🧵 4/8

Study finds “over two-thirds of 199A deduction amounts were claimed by taxpayers with more than $200,000 in adjusted gross income (AGI), and over one-third were claimed by taxpayers with more than $1,000,000 in AGI.” 🧵3/8

New light shed on Trump tax cuts for pass-through businesses from paper by U.S. Treasury, Federal Reserve and Dartmouth economists that had access to anonymized tax data on businesses and individuals. Gets past the rhetoric with actual data nber.org/system/files/w… 🧵2/8

Many of the Trump tax cuts were made under the guise of helping small business through big tax cuts for 'pass-through' companies. New data shows how the impacts were really distributed... 🧵1/8

Extending the Trump tax cuts for another 10 years would add $4.6 trillion to the deficit, according to a new report from the Congressional Budget Office cbo.gov/publication/60…

IRS Direct File pilot program was used by 40% more tax filers than target and they gave it overwhelmingly high marks. Will TurboTax and tax-prep lobby stop this success from saving more people time and money? bostonglobe.com/2024/05/07/bus… via The Boston Globe

The plummeting effective tax rate paid by billionaires is now less than the rate paid by the bottom half of all income earners. That’s not right. nytimes.com/interactive/20…

If you read only one thing about the Trump tax law, make it this incredibly clear report, which directly compares this law to prior law itep.org/corporate-taxe…

Great new report shows how steeply corporate taxes fell after the Trump tax cuts. Among consistently profitable publicly tradable Fortune 500 corps, the tax rate on their profits dropped from 22% to less than 13%. Corporations are contributing a lot less itep.org/corporate-taxe…

Massachusetts has seen several minimum wage increases (blue) that corresponded with declining unemployment (red), again falling lower than national unemployment rate (green) after COVID spike. Evidence doesn't suggest min wages lead to job loss. Fed data fred.stlouisfed.org/graph/?g=1kA8B

Interesting mapping across US by education attainment and zooming into states and regions.

Public transit in the 2nd biggest city in New England & its surrounding towns has been fare-free since COVID. Ridership has grown dramatically, serving over 4 M fare-free bus trips last year, compared to 2.9 M rides in 2019. Reapproved through 2025. mass.streetsblog.org/2024/04/18/wor…

Statistics on deaths from automobiles typically exclude those killed in parking lots, driveways, and other public spaces. Fatalities would by at least 9% higher if these deaths were included. usa.streetsblog.org/2024/04/18/why…

“Many of us are upgrading our yachts for the summer, and now is NOT the time for us to keep paying taxes on our Wall Street profits. One year of it was enough!!' Reads a sign route-fifty.com/finance/2024/0… via Route Fifty