Holly Sklar

Articles by this author

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Tuesday, July 24, 2012
Raise Minimum Wage to Raise America
Time flies when you're moving backward. With the federal minimum wage stuck at $7.25 an hour since July 24, 2009, workers now have less buying power than they did in 1997 at the start of the longest period in history without a raise. It took 10 years, from 1997 until 2007, to raise the minimum wage above $5.15. A worker would need $7.36 today to match the buying power of the $5.15 minimum wage in 1997.
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Monday, November 14, 2011
Don’t Fall for ‘Nigerian Scam’ on Overseas Profits
Lobbyists are storming Capitol Hill, pushing a tax holiday that would give billions of dollars in tax breaks to less than 1 percent of American businesses – and stick the other 99 percent with the bill. But of course, they can’t say that. So tax holiday advocates are using a high-powered version of the email con known as the “Nigerian scam.”
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Monday, July 25, 2011
CEOs to Workers: More for Me, Less for You
Big company CEOs got a 23 percent raise last year and corporate profits are at record highs. But the minimum wage has less buying power now than in 1956 – the year Elvis Presley first topped the charts, videotape was breakthrough technology and the Dow closed above 500 for the very first time.
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Monday, July 04, 2011
Real Patriots Pay Taxes
Some of our nation’s biggest corporations are planning a tax holiday and they want you to pick up the tab. Actually, you already pay for their routine tax avoidance through the use of tax havens in Bermuda, the Cayman Islands and elsewhere. These accounting acrobatics cost the U.S. Treasury $100 billion a year. Now they want Congress to pass a special tax holiday for money they “repatriate” back to the United States.
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Tuesday, October 26, 2010
Wall Street Has Already Voted
Before Wall Street drove our economy off a cliff, bullish Citigroup strategists dubbed the United States a "plutonomy." They said, "There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take. There are the rest, the 'non-rich,' the multitudinous many, but only accounting for surprisingly small bites of the national pie."
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Monday, November 09, 2009
Change Wall Street Can Believe In
Wall Street is doing to America what private equity firms did to Simmons Bedding and many other productive companies. Taking control with borrowed money, stripping assets, slashing jobs and cashing out. Taxpayer bailouts saved Wall Street from choking on its own greed. Now, as the Wall Street Journal reports, "Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high."
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Saturday, September 26, 2009
Medicare for All: Yes We Can
More Americans die of lack of health insurance than terrorism, homicide, drunk driving and HIV combined. Grandma could be dead from lack of health insurance before she turns 65 and gets Medicare - 80 percent of first-time grandparents are in their 40s and 50s. America is the only country that rations the right to health care to those 65 and older.
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Friday, July 24, 2009
Minimum Wage Stuck in the 1950s
Are you better off than you were 40 years ago? Not if you're a minimum-wage worker. It would take $9.92 today to match the buying power of the minimum wage at its peak in 1968, the year Martin Luther King died fighting for living wages for sanitation workers. In today's dollars, the 1968 hourly minimum wage adds up to $20,634 a year working full time. The new federal minimum wage of $7.25 comes to just $15,080. That's $ 5,554 in lost wages.
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Tuesday, February 17, 2009
Corporate Executives Overpaid, Undertaxed
In today's mad world, underpaid workers are bailing out banks and corporations run by overpaid, undertaxed bosses who milked their companies and our country like cash cows. While workers across America were losing jobs, homes and health insurance, Merrill Lynch paid nearly 700 employees more than $1 million each in bonuses last year, amounting to a $3.6 billion bonus bonanza while Merrill lost $27 billion.
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