Economy - Part 15
If this Trump tax plan passes, Americans making $60,000 will still be paying over four times more of their income in payroll taxes than Americans who make $1 million... How much did your paychecks total last year? You know the answer, of course. So does t ...[Read more]
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Bolstering arguments that the minimum wage in the United States is a "starvation wage" that must be lifted, a new study by the Government Accountability Office (GAO) found that millions of families with a worker earning the federal minimum or just above i ...[Read more]
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The United States would like to weaken Russia’s energy cooperation with the European Union, said former German Chancellor Gerhard Schroeder, adding it’s unacceptable to create barriers to Russian gas deliveries to the German market.
"It’s wrong if t ...[Read more]
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A mind-boggling £13trillion of assets in major firms who do business in the UK are squirrelled away in tax havens abroad says Labour.
And Shadow Chancellor John McDonnell will tomorrow tell the BBC’s Andrew Marr how Chancellor Philip Hammond could grab ...[Read more]
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Jeremy Corbyn will say the chancellor, Philip Hammond, is right to call the Labour party an “existential challenge to our economic model” as he pledges to lead a government that will overturn the economic status quo. ...[Read more]
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Higher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said.
The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that ...[Read more]
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Wealth inequality is basically the same everywhere. The top 10 percent tends to own around 70 percent of the wealth. The next 10 percent tends to own around 10 to 15 percent of the wealth. And everyone else in a particular group owns a relatively negligib ...[Read more]
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What do you do when the Congressional Research Service, the completely non-partisan arm of the Library of Congress that has been advising Congress—and only Congress—on matters of policy and law for nearly a century, produces a research study that find ...[Read more]
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UK - Hero ambulance workers are revealed today as the hardest-hit of any major public sector group by the Tories’ brutal attack on pay.
A damning study by the TUC shows paramedics have seen their annual pay cut by a staggering £6,140 since 2010 in real ...[Read more]
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Some of the most disadvantaged and vulnerable people are losing their lives in Britain because of the link between levels of deprivation and suicidal behaviour, says our new report Dying from Inequality. Whilst the causes of suicide are complex, and indiv ...[Read more]
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Iran has found a dozen new oil fields that could produce 30 billion barrels of crude and 128 trillion cubic feet of natural gas, according to Press TV quoting officials in Tehran.
Iranian oil output is about four million barrels per day (bpd), of which ab ...[Read more]
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