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Patriotic Millionaires
Patriotic Millionaires is a nonpartisan organization of Americans with high net worth who promote the restructuring of the American tax system so that wealthy people pay a greater share of their income in taxes. Patriotic Millionaires was founded in 2010 by Erica Payne to advocate for expiration of the Bush tax cuts. Qualification for membership requires either $1 million in annual income, or more than $5 million in assets. Some notable members include Lawrence Lessig, Jeffrey Gural, Roberta Kaplan, Chuck Collins, George Zimmer, Norman Lear, and Abigail Disney. History Patriotic Millionaires was originally founded in 2010 by Erica Payne under the name "Patriotic Millionaires for Fiscal Strength". Its purpose was to push for an expiration of the Bush tax cuts during the Presidency of Barack Obama. In 2010, the group had about 45 members, and by 2011 they had about 150. As of 2019, Patriotic Millionaires had over 200 members. In 2012, President Obama mobilized support from pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erica Payne
Erica C. Payne is an American public policy commentator, author and progressive strategist. Before joining The Agenda Project full‐time in 2010, Payne led the Tesseract Group, a boutique consulting firm that provided strategy and communications advice to select public policy and political organizations. In that role, Payne served as a senior strategist for the Roosevelt Institute to envision and build a new public policy think tank for economic and finance sector policy. At the Roosevelt Institute, Payne co‐edited "Make Markets Be Markets: Restoring the Integrity of the US Financial Markets" and produced a major conference by the same name that included George Soros, Elizabeth Warren, Simon Johnson, Lynn Turner and other progressive advocates. Other Tesseract clients included: the Brennan Center for Justice at New York University, Citizens for Responsibility and Ethics in Washington, the Howard Gilman Foundation, and the Center for Independent Media among others. Prior to f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Loopholes
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many corporations and businesses that take part in the practice experience a backlash from their active customers or online. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.Sommerfeld, Ray M., Silvia A. Madeo, Kenneth E. Anderson, Betty R. Jackson (1992), ''Concepts of Taxation'', Dryden Press: Fort Worth, TX The term ''progressive'' refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.Hyman, David M. (1990) ''Public Finance: A Contemporary Application of Theory to Policy'', 3rd, Dryden Press: Chicago, ILJames, Simon (1998) ''A Dictionary of Taxation'', Edgar Elgar Publishing Limited: Northampton, MA The term can be applied to individual taxes or to a tax system as a whole. Progressive taxes are imposed in an attempt to reduce the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay. The opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage In The United States
In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($ in dollars). Its purchasing power peaked in 1968, at $1.60 ($ in dollars). Since 2009, it has been $7.25 per hour. Employers have to pay workers the highest minimum wage of those prescribed by Federal government of the United States, federal, state, and local laws. In January 2020, 29 states and the District of Columbia had minimum wages higher than the federal minimum, so that almost 90% of Americans earning just minimum wage got more than $7.25 an hour. The effective nationwide minimum wage (the wage that the average minimum-wage worker earns) was $11.80 in May 2019; this was the highest it had been since at least 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Color Of Change
Color of Change is a progressive nonprofit civil rights advocacy organization in the United States. It was formed in 2005 in the aftermath of Hurricane Katrina in order to use online resources to strengthen the political voice of African Americans. Color of Change is a 501(c)(4) advocacy organizing with an affiliated political action committee. History and overview Color of Change was co-founded in 2005 by James Rucker and Van Jones to replicate the MoveOn.org email list model among African American Internet users. Rucker had previously worked for the MoveOn.org Political Action and MoveOn.org Civic Action while Jones was the founder of the Ella Baker Center for Human Rights. Rashad Robinson is the organization's president, having joined the organization in May 2011. Color of Change utilizes the Internet, and specifically e-mail, as its main conduit for communicating with its members. Web 2.0 developments such as social networking sites also contribute to the organizatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Movement For Black Lives
The Movement for Black Lives (M4BL) is a coalition of more than 50 groups representing the interests of black communities across the United States. Members include the Black Lives Matter Network, the National Conference of Black Lawyers, and the Ella Baker Center for Human Rights. They are endorsed by groups such as Color of Change, Race Forward, Brooklyn Movement Center, PolicyLink, Million Women March Cleveland, and ONE DC, and the coalition receives communications and tactical support from an organization named Blackbird. On July 24, 2015 the movement first convened at Cleveland State University where between 1,500 and 2,000 activists gathered to participate in open discussions and demonstrations. The conference initially attempted to "strategize ways for the Movement for Black Lives to hold law enforcement accountable for their actions on a national level". However, the conference resulted in the formation of a much more significant social movement. At the end of the three d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McDonald's
McDonald's Corporation is an American Multinational corporation, multinational fast food chain store, chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a Franchising, franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. McDonald's had its previous headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018. McDonald's is the world's largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. McDonald's is best known for its hamburgers, cheeseburgers and french fries, although their menus include other items like ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NBC News
NBC News is the news division of the American broadcast television network NBC. The division operates under NBCUniversal Television and Streaming, a division of NBCUniversal, which is, in turn, a subsidiary of Comcast. The news division's various operations report to the president of NBC News, Noah Oppenheim. The NBCUniversal News Group also comprises MSNBC, the network's 24-hour general news channel, business and consumer news channels CNBC and CNBC World, the Spanish language Noticias Telemundo and United Kingdom–based Sky News. NBC News aired the first regularly scheduled news program in American broadcast television history on February 21, 1940. The group's broadcasts are produced and aired from 30 Rockefeller Plaza, NBCUniversal's headquarters in New York City. The division presides over America's number-one-rated newscast, ''NBC Nightly News'', the world's first of its genre morning television program, ''Today'', and the longest-running television series in American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
