Republicans are selling their tax plan on a platform of lies

There are a few places where we can already see the gap between what Republicans are claiming their tax plan will do for you and what it will really do that should tell us all we need to know: if they need to lie and misdirect that much to sell the plan, voters definitely shouldn’t be buying. Take the claim that the plan would “lower the tax rate ‘for low– and middle-income Americans’ from 39.6 percent to 35 percent so ‘people can keep more of the money they earn’” … where the “low- and middle-income Americans” in question are earning $450,000 a year. Or take the $1,182 per year tax cut for a family making the median income of $59,000 a year. The reality behind that one gets complicated fast:

Under the current law, parents may claim personal exemptions on their tax forms for themselves, their spouses and their children. The

Continue reading “Republicans are selling their tax plan on a platform of lies”

Government reports 261,000 new jobs created in October, wages slip

The Bureau of Labor Statistics reported the economy generated 261,000 new jobs in October. The “headline rate” of unemployment fell to 4.1 percent. Of the total, 252,000 were created in the private sector, 9,000 in the public sector. The jobs calculation was derived through analysis of the Current Employment Survey of 147,000 business establishments. The unemployment rate was calculated from the Current Population Survey of 60,000 households.

Each month, the bureau revises estimates of job growth or loss for the previous two months because it has more complete data than were available when the job numbers were first released. For September, the revision turned a loss of 33,000 jobs into a gain of 18,000; for August, the revision was from 169,000 jobs to 208,000.

The August-September decline in job creation was largely a factor of hurricane Irma and Harvey, according to the bureau. “Leisure and Hospitality,” the category that took the biggest hit in September—a loss of

Continue reading “Government reports 261,000 new jobs created in October, wages slip”

Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’

It’s a fact that undocumented immigrants bilk the Secret Service for leased office space and take extravagant golfing vacations at the expense of taxpayer dol—oh wait, that’s someone else. What is a fact, however, is that undocumented immigrants, contrary to the lies fed by the Tweeter-in-Chief, aren’t eligible for public benefits. They also contribute an estimated $12 billion a year in local and state taxes, which means they add to a Social Security fund they’ll never be able to access. Donald Trump claims he wants to protect American workers through his neo-Nazi-endorsed “legal” immigration bill—it’s really an attempt to cut down on non-white immigration—but he should really listen to the experts, not Richard Spencer:

When the federal government banned the use of farmworkers from Mexico in 1964, California’s tomato growers did not enlist Americans to harvest the fragile crop. They replaced the lost workers with tomato-picking machines.

The Trump administration

Continue reading “Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’”

Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’

It’s a fact that undocumented immigrants bilk the Secret Service for leased office space and take extravagant golfing vacations at the expense of taxpayer dol—oh wait, that’s someone else. What is a fact, however, is that undocumented immigrants, contrary to the lies fed by the Tweeter-in-Chief, aren’t eligible for public benefits. They also contribute an estimated $12 billion a year in local and state taxes, which means they add to a Social Security fund they’ll never be able to access. Donald Trump claims he wants to protect American workers through his neo-Nazi-endorsed “legal” immigration bill—it’s really an attempt to cut down on non-white immigration—but he should really listen to the experts, not Richard Spencer:

When the federal government banned the use of farmworkers from Mexico in 1964, California’s tomato growers did not enlist Americans to harvest the fragile crop. They replaced the lost workers with tomato-picking machines.

The Trump administration

Continue reading “Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’”

Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’

It’s a fact that undocumented immigrants bilk the Secret Service for leased office space and take extravagant golfing vacations at the expense of taxpayer dol—oh wait, that’s someone else. What is a fact, however, is that undocumented immigrants, contrary to the lies fed by the Tweeter-in-Chief, aren’t eligible for public benefits. They also contribute an estimated $12 billion a year in local and state taxes, which means they add to a Social Security fund they’ll never be able to access. Donald Trump claims he wants to protect American workers through his neo-Nazi-endorsed “legal” immigration bill—it’s really an attempt to cut down on non-white immigration—but he should really listen to the experts, not Richard Spencer:

When the federal government banned the use of farmworkers from Mexico in 1964, California’s tomato growers did not enlist Americans to harvest the fragile crop. They replaced the lost workers with tomato-picking machines.

The Trump administration

Continue reading “Economist: U.S. workers ‘more likely to lose than to gain from immigration restrictions’”

Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit

The seasonally adjusted net gain of jobs in July, according to the Bureau of Labor Statistics report released Friday, was 209,000. Of those, 172,000 were created in the private sector, 37,000  in the public sector, as determined by analysis of the Current Employment Survey of 147,000 business establishments. A consensus of experts in Bloomberg’s survey of experts earlier this week had concluded there would be a gain of 178,000 new jobs in July.

Once again, which has been the case for most of the past eight years since the recovery from the Great Recession officially began, wages climbed only a smidgen. Compared with last July, they were up 9 cents an hour, a 2.5 percent year-over-year rise against an annual inflation rate of 1.6 percent. For the average worker, the wage gain has amounted to barely treading water.

As it does in every monthly report, the bureau revised its counts for the previous two months based on more complete

Continue reading “Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit”

Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit

The seasonally adjusted net gain of jobs in July, according to the Bureau of Labor Statistics report released Friday, was 209,000. Of those, 172,000 were created in the private sector, 37,000  in the public sector, as determined by analysis of the Current Employment Survey of 147,000 business establishments. A consensus of experts in Bloomberg’s survey of experts earlier this week had concluded there would be a gain of 178,000 new jobs in July.

Once again, which has been the case for most of the past eight years since the recovery from the Great Recession officially began, wages climbed only a smidgen. Compared with last July, they were up 9 cents an hour, a 2.5 percent year-over-year rise against an annual inflation rate of 1.6 percent. For the average worker, the wage gain has amounted to barely treading water.

As it does in every monthly report, the bureau revised its counts for the previous two months based on more complete

Continue reading “Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit”

Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit

The seasonally adjusted net gain of jobs in July, according to the Bureau of Labor Statistics report released Friday, was 209,000. Of those, 172,000 were created in the private sector, 37,000  in the public sector, as determined by analysis of the Current Employment Survey of 147,000 business establishments. A consensus of experts in Bloomberg’s survey of experts earlier this week had concluded there would be a gain of 178,000 new jobs in July.

Once again, which has been the case for most of the past eight years since the recovery from the Great Recession officially began, wages climbed only a smidgen. Compared with last July, they were up 9 cents an hour, a 2.5 percent year-over-year rise against an annual inflation rate of 1.6 percent. For the average worker, the wage gain has amounted to barely treading water.

As it does in every monthly report, the bureau revised its counts for the previous two months based on more complete

Continue reading “Gov’t reports 209,000 new jobs created in July; jobless rate at 4.3%; Trump claims credit”

Cartoon: Some plan suggestions for the Dems

Follow Jen on Twitter at @JenSorensen

This week in the war on workers: Here are the economic issues Ohio swing voters care about most

We hear a lot about the economic populism that Donald Trump supposedly tapped into and that Democrats must reclaim to win. But what does that look like on the ground? Working America canvassed 355 likely midterm swing voters in Ohio, asking them about Trumpcare, a range of economic policies to support middle-class and lower-income families, Ohio politicians, and where they’re getting their political information. The resulting report offers a wealth of information.

Opposition to Trumpcare was strong, with just 39 percent of Trump swing voters in favor of passing it, while “Overall, 60 percent of Ohio swing voters we spoke with chose it from a list of 11 policies as the one that would have the most negative impact on their family.” Beyond that, voters’ top three issues off that list were stopping outsourcing, addressing the opioid crisis, and paid family leave. Expanding overtime, passing paid sick days,

Continue reading “This week in the war on workers: Here are the economic issues Ohio swing voters care about most”

This week in the war on workers: Here are the economic issues Ohio swing voters care about most

We hear a lot about the economic populism that Donald Trump supposedly tapped into and that Democrats must reclaim to win. But what does that look like on the ground? Working America canvassed 355 likely midterm swing voters in Ohio, asking them about Trumpcare, a range of economic policies to support middle-class and lower-income families, Ohio politicians, and where they’re getting their political information. The resulting report offers a wealth of information.

Opposition to Trumpcare was strong, with just 39 percent of Trump swing voters in favor of passing it, while “Overall, 60 percent of Ohio swing voters we spoke with chose it from a list of 11 policies as the one that would have the most negative impact on their family.” Beyond that, voters’ top three issues off that list were stopping outsourcing, addressing the opioid crisis, and paid family leave. Expanding overtime, passing paid sick days,

Continue reading “This week in the war on workers: Here are the economic issues Ohio swing voters care about most”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

Government reports stronger than expected job gains in June. April and May gains revised upward

The Bureau of Labor Statistics’ reported Friday morning that the seasonally adjusted net gain was 187,000 private-sector jobs in June, with 35,000 added in the public sector, for a total of 222,000. The consensus of experts in Bloomberg’s survey of experts conducted earlier in the week had forecast a gain of 170,000 new jobs. It was the best advance since February. 

The bureau also revised its previous reports of job gains for May from 138,000 to 152,000, and for April from 174,000 to 207,000.  

June marked the 81st consecutive month of overall job growth. A separate survey placed the headline unemployment rate—which the bureau labels U3—at 4.4 percent, an historically low rate. The last time the unemployment rate was at this level was 10 years ago, in May 2007. The lowest the rate has been in the past quarter-century was 3.8 percent in April 2000.

So, once again, the Trump

Continue reading “Government reports stronger than expected job gains in June. April and May gains revised upward”

New study finds Latinos have helped keep America’s economy great

According to new research from the nonpartisan Latino Donors Collaborative, the nation’s 55 million Latinos—this includes immigrants and the U.S.-born—represented more than $2.1 trillion of our $18 trillion gross domestic product in 2015, with researchers estimating that by 2020, Latinos will represent nearly a quarter of the GDP. “If the U.S. Latino GDP was considered an economy of its own,” notes the study, “it would have been the seventh-largest in the world in 2015—just behind France and ahead of India”:

“We are excited to have statistical evidence that proves what Latinos living in the U.S. have always known to be true: we are a hard-working, productive, and essential part of American economic growth and American society,” said Ana Valdez, executive director of the Latino economic advocacy group.

Critical to this economic growth are the 800,000 Latinos who turn 18 every year and are making the workforce more Latino as

Continue reading “New study finds Latinos have helped keep America’s economy great”

New study finds Latinos have helped keep America’s economy great

According to new research from the nonpartisan Latino Donors Collaborative, the nation’s 55 million Latinos—this includes immigrants and the U.S.-born—represented more than $2.1 trillion of our $18 trillion gross domestic product in 2015, with researchers estimating that by 2020, Latinos will represent nearly a quarter of the GDP. “If the U.S. Latino GDP was considered an economy of its own,” notes the study, “it would have been the seventh-largest in the world in 2015—just behind France and ahead of India”:

“We are excited to have statistical evidence that proves what Latinos living in the U.S. have always known to be true: we are a hard-working, productive, and essential part of American economic growth and American society,” said Ana Valdez, executive director of the Latino economic advocacy group.

Critical to this economic growth are the 800,000 Latinos who turn 18 every year and are making the workforce more Latino as

Continue reading “New study finds Latinos have helped keep America’s economy great”

Cartoon: The cult of market fundamentalism

Follow Jen on Twitter at @JenSorensen