We are saddened and outraged by the display of white supremacist violence in Charlottesville this weekend. It is no coincidence that we see the far-right mobilizing while corporate interests continue to strip poor and working class people of their healthcare and their right to organize; that this happens while cutting public services and giving away massive tax cuts to the rich; that this happens while the budget prioritizes increases to an out-of-control war machine and climate deniers threaten to move us quicker towards a world that is increasingly unlivable for poor and working people. We are saddened, but we are not fooled.Read more
On Friday, May 5, Republicans rammed through a terrible bill to repeal Obamacare. Their bill would have disastrous effects on millions in our country. Although the exact “scoring” of this bill has not been completed, it’s pretty similar to the bill that came before, under which 24 million people would lose their health insurance, 130 million people with pre-existing conditions would be put at risk, and the very wealthy would receive a huge tax cut.Read more
Today, UFE's Responsible Wealth Project released a letter of over 80 upper-income New Yorkers asking Governor Cuomo and the NY Legislature to renew and expand the State's Millionaires' Tax. As New York State braces for proposed federal budget cuts that would have a devastating impact on health care, education and infrastructure investments across the state, an expanded and permanent millionaires’ tax would bring in nearly $6 billion in annual revenue, or over $2 billion more than the current tax– set to expire in 2017– generates. The full press release can be found here, and information on the 1% Plan for NY Tax Fairness can be found here.Read more
In 1984, the re-election campaign of Ronald Reagan released an ad with the opening line, “It's morning again in America.” While this ad embodied a momentary sense of optimism, forty years of neoliberal policies have failed working people. This year, with Donald Trump assuming the Nation’s highest office, it seems fitting to reflect and assess where we are on a variety of issues related to economic stability and race in America. State of the Dream 2017: Mourning in America is a broad assessment of where we are as a nation. It features reflections from leaders and advocates that are fighting inequalities everyday, and contains a short, accessible snapshot of where we are as nation on the topics of wages, wealth, housing, immigration, and LGBT inclusion.
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Media Contact: Mike Leyba, Communications Director, United for a Fair Economy firstname.lastname@example.org 562-266-4357
On Monday, January 16th, and Dr. Martin Luther King, Jr. Day, United for a Fair Economy is releasing the fourteenth annual State of the Dream report, titled “State of the Dream 2017: Mourning in America.” This report features reflections from leaders and advocates that are fighting inequalities everyday, and contains a short, accessible snapshot of where we are as nation on the topics of wages, wealth, health, housing, immigration, and LGBT inclusion.Read more
Imagine a world where every person has their needs met. Where every worker is respected and paid a living wage. Where we valued our planet over the profit that destroys it. Where racism only exists in history books and our democracy isn't for sale. All of these things are possible, if we work together. Your gift supports justice for all people.
What do Bill Gates, Archbishop Desmond Tutu, House Minority Leader Nancy Pelosi, former UN Secretary General Kofi Annan, and Nobel-prize winning economist Joseph Stiglitz, have in common? All of these prominent figures support some type of Financial Transactions Tax, a progressive tax on financial speculation.
The proposed U.S. Financial Transactions Tax (FTT), commonly known as the “Robin Hood Tax,” seeks to raise billions of dollars in federal revenue by levying a small excise tax on certain transactions in the financial sector. This study explores at how a Financial Transactions Tax will work, precedents for the tax, and current arguments for and against the tax.Read more
If you have young children or grandchildren, you’ve probably had some difficult conversations with them since the election.
My granddaughter Genesis is 9 years old. She was born in this country while her mom was a legal permanent resident. The day after the election, she went about her routine and was on the way to her 3rd grade class. As soon as she got in the car with her mom and little sister, she asked, “Mami, who won the election?”Read more
Trickle-down economics, a theory that has been disproven numerous times (source), became part of mainstream rhetoric again in a recent debate between Hillary Clinton and Donald Trump. Building on a popular United for a Fair Economy blog post first written during the George W. Bush administration, this article will discuss why Trump’s trickle-down economic plan is a farce, much as Reagan’s was.
Simply put, trickle-down economics is the idea that tax cuts on businesses and the wealthy will cause wealth to “trickle down” to everyone else. The idea was particularly popular during the Reagan administration, when it was also known as “voodoo economics.” Many people forget that humorist Will Rogers actually came up with the term “trickle down” to criticize President Herbert Hoover’s policies during the Great Depression (source). But working people aren’t laughing about the disastrous consequences of these policies.Read more
You may not have heard, but New Jersey Governor Chris Christie continues to prove that he’s a millionaire’s best friend– at least when it comes to taxes. Read UFE's newest article here.