According to a recent quarterly earnings report, GE is doing fantastically well, bringing in $23.5 billion in orders and income during the first three months of 2016. It has done so well, in fact, it bought back $6 billion worth of stock, while also giving $2 billion worth of dividends to shareholders.
In the face of this incredibly profitable three months, it seems almost laughable that the Commonwealth of Massachusetts and the City of Boston—spearheaded by Governor Baker and Mayor Walsh—have committed to shelling out over $270 million in public funds for the luxury of moving some several hundred white-collar workers to Boston’s Seaport Innovation District.Read more
In 2009, New York State was facing a $15-20 billion budget deficit, and nobody was talking about taxing the wealthy. Responsible Wealth (a project of United for a Fair Economy) wrote an open letter, signed by 100 upper-income New Yorkers, and suddenly the conversation changed. It was renewed in 2011, but now the temporary tax rates are set to expire again, and it's time for a permanent, more progressive tax on upper income New Yorkers.Read more
A national group of experts focused on building an inclusive society laid out a set of characteristics they are seeking in the next nominee for Supreme Court Justice. The Experts of Color Network calls for a constitutional visionary with a deep appreciation for the nation’s diversity and an understanding of how historical laws, policies and practices have shaped opportunity and adversity today.Read more
Governor Rick Snyder was inaugurated on January 1, 2010. Coming from big business and venture capital, he only took six weeks in office to propose a radical redistribution of the state’s shrinking tax base.Read more
New movements call for new solutions. And this year, we’re taking a new approach to our annual State of the Dream report.Read more