One year after President Donald Trump signed legislation that slashed federal health care and food assistance to pay for tax cuts that mostly benefit the wealthy, officials on the front lines of the nation’s affordability crisis say the costs to state and local governments of filling holes left by Congress in the safety net are unsustainable. Demand for food assistance is rising as children and…
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On June 1, the Illinois legislature passed a tax on the digital advertising revenue of tech companies like Meta, Amazon, and Alphabet (parent company of Google). Big Tech resisted the measure and will likely challenge it in court. Nevertheless, several analyses show the tax may generate $800 million annually, a number that could increase with time as revenues from digital advertising are expected…
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President Donald Trump is boasting about the economy one year into his term. He claims that inflation has been defeated, growth is unprecedented, incomes are rising, and his tariffs are generating hundreds of billions for the U.S. economy. This is all hogwash, according to progressive economist Gerald Epstein, a leading global authority on macroeconomic policy and finance.
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This fall, Americans got to see what it’s like to go without a safety net for the hungry. With the U.S. government shut down for multiple weeks and President Donald Trump refusing to fund SNAP, the federal food stamp program, a panic set in among the more than 40 million people who rely on it. Families skipped meals, and babies went unfed. Food banks ran out of food, and some people turned to…
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New research published Monday shows that the 10 richest people in the United States have seen their collective fortune grow by nearly $700 billion since President Donald Trump secured a second term in the White House and rushed to deliver more wealth to the top in the form of tax cuts. The billionaire wealth surge that has accompanied Trump’s return to power is part of a decades-long…
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