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David Sirota is editor-at-large at Jacobin. He edits the Lever and previously served as a senior adviser and speechwriter on Bernie Sanders’s 2020 presidential campaign.
Corporations are set to use Trump’s trade war as justification for raising prices, just as they previously used supply chain slowdowns. But a new Federal Reserve study notes that higher prices have coincided with a big increase in payouts to shareholders.
Tax cuts for the rich have been the glue holding the American right together for decades. But as Republican voters’ skepticism of this strategy grows, some GOP lawmakers are considering the unthinkable: proposals to raise taxes on the wealthy.
Donald Trump’s nominee for Internal Revenue Service director, Billy Long, just had his six-figure debt paid off by campaign donors whose firms are under scrutiny by the IRS for potential tax fraud.
Donald Trump is hoping his tariffs will goad his liberal opponents into touting free trade and scoffing at the working class. Democrats don’t have to take the bait.
In an interview, United Auto Workers president Shawn Fain argues that the era of “free-trade” deals like NAFTA has been a disaster for the US working class and that smart tariffs can help bring back good auto jobs.
Although on the campaign trail Donald Trump proposed capping credit card interest rates, his administration is withdrawing support for a Colorado state law that would impose such caps.
When the Federal Reserve raises interest rates, banks charge more for loans — but often don’t pay higher rates to depositors. This scheme has allowed banks to pocket a more than $1 trillion windfall over the past two and a half years.
The information war against the Right’s vast media machine won’t be won by building a louder Democratic Party megaphone through corporate-funded outlets. The key is stronger independent media.
The Trump administration has just paused an initiative aimed at increasing compensation for airline passengers when carriers lose their luggage or overbook flights.
This week, as Elon Musk’s “Department of Government Efficiency” was attempting to further gut the US government, his rocket company SpaceX was cementing a NASA contract adding millions of dollars to its already massive deal with the space agency.
Amazon helped fund Donald Trump’s inauguration. The retail giant and the insurer UnitedHealth waited less than a day to start begging the new administration to shut down their shareholders’ calls for transparency.
Months before last night’s fatal aircraft collision, lawmakers dismissed safety warnings and approved an airline-backed measure that increased flight traffic at Washington, DC’s already overstressed airport — the site of the disaster.
As Donald Trump’s federal funding freeze creates a constitutional crisis that seems headed to the Supreme Court, a 1985 memo shows current chief justice John Roberts declaring that a president has no authority to block required spending.
Donald Trump’s pick to head the Internal Revenue Service pressed the agency to investigate and consider stripping the country’s leading animal welfare group, the Humane Society, of its tax status. As IRS chief, he’d be in a position to make that happen.
Donald Trump’s attorney general pick, Pam Bondi, is reportedly the sister of the lawyer who defended Elon Musk and Tesla against federal securities fraud charges. If confirmed, Bondi would be in a position to shut down the ongoing investigation into Musk.
Workers rejected Kamala Harris because she chose to campaign in a fantasy world where villains other than Trump are rarely named and nobody has to choose whether regular people or billionaire oligarchs get to wield power.
Both parties’ 2024 campaigns claimed to be about “saving democracy.” Yet both parties ended up bought and paid for by billionaires.
Kamala Harris’s choice of Tim Walz for vice president doesn’t erase her corporate-friendly record. If we want her administration to implement real progressive policies, the Left will have to fight for it.
Billionaire donors are pressuring Kamala Harris to fire Lina Khan, whose term as FTC chair has seen aggressive antitrust actions against tech giants. David Sirota interviewed Khan about her anti-monopoly agenda and the corporate efforts to shut it down.
As the Democratic Party clings to a message of compromise and conflict aversion, the GOP has adopted a fighting posture that seems to be resonating with working-class Americans.