Sarah Anderson

Articles by this author

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Wednesday, April 01, 2015
Burning Our Bridges: Failing Infrastructure in the Age of Corporate Tax-Dodging
To generate funds to shore up our nation’s crumbling infrastructure, the U.S. Congress is considering giving corporations large tax cuts on their offshore profits. Under current law, corporations can defer U.S. tax payments on overseas earnings until they bring the profits to the United States. The...
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Thursday, March 12, 2015
Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers
Wall Street banks handed out $28.5 billion in bonuses to their 167,800 employees last year, up 3 percent over 2013, according to new figures from the New York State Comptroller . These annual bonuses are an extra reward on top of base salaries in the securities industry, which averaged $190,970 in...
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Monday, March 09, 2015
Study: Financial Tax Would Pay Off Big
Elected leaders in Washington are heading into another season of wrangling over the same old federal budget revenue shortfalls. But a number of European countries are looking forward to a revenue injection from a fresh and deserving source: high flyers in the financial markets. Eleven EU...
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Tuesday, October 28, 2014
The London Whale-Sized Loopholes in Wall Street Pay Reform
Just weeks after his first inauguration, President Obama delivered a landmark speech on the dangers of over-the-top Wall Street pay. Today, more than five years later, he’s still nagging regulators to do something real about it. Wall Street pay practices, as Obama put it so well in February 2009 ,...
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Wednesday, June 04, 2014
Walmart’s Top-to-Bottom Taxpayer Subsidies
Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit. The cutbacks ate into the discount giant’s sales because so many of its low-income customers rely on this public assistance program to help pay for their groceries. And that made...
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Can you prepare inaccurate reports that serve the interests of Wall Street executives over a poorly-paid work force? If so, you might just be the winning candidate. (File) Views
Tuesday, May 27, 2014
Help Wanted: Slow and Expensive Corporate Accountant
Fortune 500 company is seeking a highly unproductive senior accountant to help inflate the cost of complying with a new federal law requiring that all publicly held corporations disclose the ratio between their CEO and median worker pay. The U.S. Chamber of Commerce, a long-time opponent of CEO-...
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(Credit: epicharmus/Flickr) Views
Wednesday, April 30, 2014
Derailing the High-Speed Trading Bullet Train Before It Crashes Our Economy
On the afternoon of May 6, 2010, the Dow Jones Industrial Average suffered its fastest nosedive ever. Within minutes, a trillion dollars in wealth went “poof.” What happened? What actually set it off remains in dispute. Yet we do know that high-frequency traders, relying on computers programmed to...
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Wednesday, March 12, 2014
Wall Street Bonuses vs. the Minimum Wage
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Wednesday, February 26, 2014
Without any Grassroots, This Austerity Group Withered
The austerity mania that plagued our political system for four years is finally subsiding. The latest sign is President Barack Obama’s decision to nix the Social Security cuts he had previously included in his budget proposal.
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Wednesday, February 19, 2014
Celebrities, European Leaders Push for Final Deal on Wall Street Tax
If you love Harry Potter, zombies, European art house films, or thumbing your nose at the big banks, you’ll love the new video promoting a Wall Street tax.
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