While working families are resting after an exhausting election cycle, working people and union members are continuing to mobilize. Before the end of the year, Congress will meet in a “lame-duck” session and tackle numerous issues that could have powerful effects on the lives of middle-class Americans.
by researcher Thomas Hungerford
The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie.
However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to how the economic pie is sliced—lower top tax rates may be associated with greater income disparities. online casino ideal
There are plenty of Veterans Day free meals to be had this year as well as some other additional discounts on items other than food. You’ll be able to stop into a number of restaurants below on or around Veterans Day this year to get your free meal.
Participating Sizzlers will be serving veterans and active military members a Veterans Day free meal until 4:00 p.m. on Monday, November 12, 2012.
You’ll get to choose between a 6 oz. Steak, Malibu Chicken, or Half Dozen Fried Shrimp.
Bring proof of service such as your U.S. Uniform Services ID Card, U.S. Uniform Services Retired ID Card, Current Leave and Earnings Statement, Veterans Organization Card, DD214, a photograph of yourself in uniform, or wear your uniform.
Use the link above to see if the Sizzler near you is participating in the Veterans Day free meal.
For a complete listing please visit Stacy Fisher guide at about.com. online casino ideal
In Greece, Europe’s austerity poster child, austerity has shrunk the economy and increased the national debt … Austerity only increased inequality in Portugal. Now, after painful austerity measures that hit ordinary Portuguese and public sector workers hardest failed to reduce the deficit, Portuguese citizens are planning to rally against new tax increases … All across the EU, austerity has driven joblessness to a record high … Yet the austerians demand even more.
Read the full article here. online casino ideal
White collar federal employees are underpaid on average by about 35 percent compared with the private sector, a widening of the “pay gap” that stood at about 26 percent last year, an advisory group said Friday.
The Federal Salary Council based that number on data from the Bureau of Labor Statistics that by law are supposed to be used in setting annual General Schedule pay raises that vary by locality. However, in practice federal pay raises are negotiated in the congressional budget process.
Tune in now to AFGE’s “Inside Government” for the union’s response to reduced office hours at the Social Security Administration (SSA). The show, which originally aired on Friday, Oct. 19, is now available on demand.
Illinois citizens may check to see if they are registered to vote.
The link below will also give you your polling location:
http://www.elections.il.gov/votinginformation/RegistrationLookup.aspx
Because of American Crystal Sugar’s continued refusal to end its 14-month lockout of more than 1,300 workers and return to the bargaining table, working families across the country today launched a boycott against American Crystal Sugar (ACS) products. AFL-CIO President Richard Trumka says:
“Making record profits while giving working families and communities the shaft is just plain wrong.”
You can view the entire article here.
View the entire 2012 State by State voting schedule
