Economy

Art Pope Groups Push Extreme ALEC Tax Agenda in North Carolina

An array of right-wing organizations in North Carolina are arguing loudly for Governor Pat McCrory to radically alter how corporations and people pay taxes in the state -- and the not-so-hidden hand behind the effort is North Carolina millionaire Art Pope, a close ally of the Koch brothers, who funds the groups and has been appointed as North Carolina's Budget Director.

Pete Peterson Linked Economists Caught in Austerity Error

A team of economists at the Political Economy Research Institute (PERI) at UMass Amherst broke a huge story this week that was promptly picked up by the New York Times, the Washington Post, the Financial Times, and newspapers around the globe. The economists proved that the essential underpinning "of the intellectual edifice of austerity economics," as Paul Krugman put it, is based on sloppy methodology and spreadsheet coding errors.

MacIver Institute Ideologues Manage to Turn Lemonade Into Lemons

Lemon faceIn 2010, Governor Scott Walker ran for office on a simple message, that he would turn Wisconsin's economy around and create 250,000 jobs. There was good news for Walker in the Bureau of Labor Statistics jobs numbers released April 2013. Although Wisconsin still ranked 44th in the country in terms of job creation, the staggering economy had created 64,500 more jobs since Walker took office than previously known. There was a large upward correction in the BLS jobs data stretching back more than a year that not only impacted Wisconsin, but many states.

New Report By U.S. PIRG Targets Cash Stashed Overseas

In our new report on Fix the Debt, CMD reveals that part of the Fix the Debt's hidden corporate agenda is to push for new tax loopholes that would actually add to the deficit. Specifically, many Fix the Debt firms want to exempt money made offshore from taxation in the United States. Opening this new loophole would cost the Treasury some $1 trillion over 10 years according to Citizens for Tax Justice.

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