Orrin Hatch just made the Republican agenda startlingly clear

On the Senate floor last week, just hours before Republicans passed a $1 trillion tax cut, Democratic Sen. Sherrod Brown challenged Senate Finance Committee Chair Orrin Hatch: Why were Republicans about to pass tax cuts for corporations and business ownerswhile the Children’s Health Insurance Program remains unextended? Hatch reacted with fury. “Nobody believes more in the CHIP program than I,” […]

The Great Recession Is Still With Us

A decade after it started, the Great Recession has faded into memory. Corporate earnings and the stock market have fully recovered, with the financial sector thriving. The labor market has fully recovered, with middle-class earnings growing and the economy flirting with full employment. The government, at the state, local, and federal levels, has recovered too, and the economy is growing close to what economists […]

Editorial: Tax-cut bills are milestones in the history of American plutocracy

The Senate Republicans’ disastrous tax-cut bill was moving inexorably toward passage late last week when two key GOP senators suddenly realized that the $1.5 trillion package wouldn’t pay for itself. Well, of course it wouldn’t pay for itself. Since details began to emerge last summer, every independent analysis said it wouldn’t. Nearly every economist from […]

The Republican tax bill will exacerbate income inequality in America

America’s rich have gotten richer for decades, while the middle class and poor have seen meager gains. Since the mid-20th century, the top 1 percent have more than doubled their share of the nation’s income, from less than 10 percent to more than 20 percent. Donald Trump said he was going to fix it — that he would represent […]