January 22, 2011 |
Supreme Court Justice Clarence Thomas failed to report his wife's income from a conservative think tank on financial disclosure forms for at least five years, the watchdog group Common Cause said Friday. Between 2003 and 2007, Virginia Thomas, a longtime conservative activist, earned $686,589 from the Heritage Foundation, according to a Common Cause review of the foundation's IRS records. Thomas failed to note the income in his Supreme Court financial disclosure forms for those years, instead checking a box labeled "none" where "spousal noninvestment income" would be disclosed.
January 19, 2012 |
Republican presidential candidate Newt Gingrich and his wife, Callista, paid $994,708 in federal taxes on gross income of $3,142,066 in 2010, according to copies of the couple's joint tax return that his campaign released at the start of Thursday night's GOP debate. The 31.5% tax rate paid by the Gingriches is roughly double the amount that rival Mitt Romney said this week he pays on his own, much larger income. Romney said in Thursday night's debate that he would make his 2011 returns public, and perhaps some from earlier years, when the latest return is completed later this year.
March 10, 2013 |
Nearly 8 million Americans go to work every day yet still live below the poverty line. That is in part because the federal minimum wage is too low. Currently, an individual with a full-time job at the minimum wage and a family of three to support will fall below the federal poverty line. These workers, despite putting in regular hours, are struggling to provide basic necessities for themselves and their families. By allowing the minimum wage to remain at a nearly unlivable level, we have deemed certain jobs not worthy enough to meet even our country's minimum standard of living.
January 21, 2014 |
Whether it's because President Obama recently highlighted the issue or because most Americans are really feeling the pain, the debate over income inequality is now part of the mainstream kitchen-table debate. That's the conclusion to be drawn from a Gallup poll released Monday, on Martin Luther King Day. The survey finds that two-thirds of adults are somewhat or very dissatisfied with income and wealth distribution in the U.S. The poll was taken on Jan. 5-8, or about a month after the president's speech about economic inequality . The partisan breakdown is about what you'd expect.
CALIFORNIA | LOCAL
March 27, 2013 |
An online voter registration system launched by California for last November's election appears to be bringing more lower-income people into the political process, according to an academic study. Researchers at UC Berkeley looked at the 839,297 people who registered to vote online before the election, and found that the breakdown was ethnically similar to those who registered in person or through the mail. However, the results showed more online registrants came from low- and middle-income neighborhoods than expected, according to researchers Lisa Garcia Bedolla and Veronica N. Velez.
June 27, 2013 |
WASHINGTON -- The government reported more positive signs for the economic recovery Thursday as initial jobless claims dropped last week and consumers' personal income and spending rose in May. The number of people filing for unemployment benefits for the first time fell to 346,000 in the week ending Saturday, down from a revised 355,000 the previous week, the Labor Department said. The drop was in line with analyst projections and brings the figure below the 350,000 level that economists say is consistent with moderate labor market growth.