(2021-09-29). The significance of the Sozialistische Gleichheitspartei's campaign in the German elections. wsws.org The federal election has made it clear that only the independent intervention of the working class can put an end to the ruthless policies of herd immunity, militarism and inequality. The Socialist Equality Party has used the election campaign to give such a movement a socialist perspective.
(2021-09-29). Samoa's Supreme Court ends bitter parliamentary standoff. wsws.org Behind the Pacific country's political upheaval is mounting opposition to growing inequality, poverty and authoritarianism, and intensifying geo-political rivalry in the region between the US and China.
(2021-09-29). To Save Jobs and Fund Infrastructure, Close This Loophole. otherwords.org The multi-trillion-dollar budget reconciliation bill moving through Congress represents an enormous opportunity to invest in unmet human and environmental needs. It's also the best chance we have to close loopholes that help the wealthy avoid their fair share of taxes. | One of the most extreme is the so-called "carried interest" loophole. This allows wealthy private equity, real estate, and hedge fund managers to claim the fees they receive for their services as capital gains, which are taxed at a rate of just 23.8 percent, instead of the top marginal income tax rate of 37 percent. | As Charles Khan, organizing…
(2021-09-29). In OtherWords: September 29, 2021. otherwords.org It's crunch time for the Democrats' jobs and infrastructure package, also known as the reconciliation bill or the Build Back Better plan. | There's a big debate in Congress right now between members who support a more ambitious package a handful of moderates and conservatives trying to pare it back. But there's not much debate among the American people, as Sondra Youdelman explains this week. In fact, the bill's main provisions — more health and child care, green jobs, lower drug prices, and the like — are really, really popular. So is the idea of funding them by reversing big tax cuts for the wealthy…
(2021-09-28). China's anti-poverty success benefited world, white paper says. ecns.cn China's success in transforming itself into a "moderately prosperous society in all respects" has contributed to world peace and development, a white paper said.
(2021-09-28). Winning the Tax Game: Tax Stock Returns. cepr.net President Biden efforts to raise taxes on corporations and the wealthy has been getting seriously bogged down in recent weeks. More conservative Democrats have objected to the 28 percent corporate tax rate he proposed. Others seem to have nixed plans for raising the estate tax by making the capital gains held by large estates taxable. And, the Republicans working on the bipartisan infrastructure package were adamantly opposed to increasing the resources available to the I.R.S. so that it could better crack down on tax cheats. | Sometimes, when a particular game is not going well, the best way to turn things aroun…
(2021-09-28). Close the Carried Interest Loophole and End Private Equity Abuse. counterpunch.org The multi-trillion-dollar budget reconciliation bill careening its way through the House and Senate represents an enormous opportunity to invest in unmet human and environmental needs and close loopholes that have allowed the wealthy to avoid their fair share of taxes. One of the most extreme examples of tax privilege is the so-called "carried interest" loophole.
(2021-09-28). Reconciling The Reconciliation Bill: A Preview. popularresistance.org This past week maneuvers within the Democratic party intensified over the content and magnitude of the two pending fiscal stimulus bills—the Infrastructure Bill (with $550B of net new spending) and the Reconciliation Bill ( with initial $3.5T 'human infrastructure & climate change' spending). While the maneuvering appears as a deep difference of views between progressives in the US House and Senate demanding both bills pass simultaneously and Democrat Senators, Manchin and Sinema in that body blocking both bills in current form, the actual conflict is really between the corporate wing of the Democratic…