Two new reports from the Economic Policy Institute suggest that the economy is going more in the opposite direction from where we would prefer.
On the one hand: “In recent years, corporate profits have reached record highs, and so too has the amount of untaxed profits US corporations have stashed offshore: $2.4 trillion. And it is estimated corporations could owe as much as $700 billion on those profits. In short, corporations are dodging more and more of their tax responsibilities…”
Continue reading “Corporate tax chartbook” on the EPI website.
On the other hand: “What this report finds: Black-white wage gaps are larger today than they were in 1979, but the increase has not occurred along a straight line. During the early 1980s, rising unemployment, declining unionization, and policies such as the failure to raise the minimum wage and lax enforcement of anti-discrimination laws contributed to the growing black-white wage gap…”
Continue reading “Black-white wage gaps expand with rising wage inequality” on the EPI website.