Politico 11/24/2011 By Michael Shank The best political book I read this year and one that I encouraged everyone to read while I was working in Congress for U.S. Rep. Michael Honda is “The Spirit Level: Why Greater Equality Makes Societies Stronger.” After reading the book, which is authored by […]
National Analysis
It is Time for a More Distributive Tax System
Politico 11/20/2011 By Michael Shank A report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy shows that 30 of the top 300 companies paid no taxes at all or used loopholes to end up with negative tax rates. Washington’s […]
Tax Loophole Users, Companies with Negative Tax Rates, Exacerbating US Income Inequality
Huffington Post 11/16/2011 By Michael Shank The fact that America’s biggest companies paid no federal taxes may come as no surprise to Washington. The report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy shows that 30 of the top […]
Tax Loophole Exploitation Exacerbates Income Inequality in US
CSR Wire 11/13/2011 By Michael Shank Income inequality isn’t only unfair; it’s bad for the economy The fact that America’s biggest companies paid no federal taxes may come as no surprise to Washington. The report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute on […]
Perry’s Gaffe Represents Poor Texan and U.S. Educational Performance; Civics Lesson Needed
Huffington Post 11/11/2011 By Michael Shank Rick Perry’s inability to recall three US government agencies is indicative of this country’s equivocal commitment to “high levels of education”, one of eight factors essential to a stable and peaceful society, as reported recently by the Institute for Economics and Peace (IEP). Without […]
Governor Kasich Chastened?
Politico 11/09/2011 By Michael Shank Having grown up in small town Kidron, Ohio, tucked between the Smucker’s plant in Orrville, the Rubbermaid plant in Wooster, and the Hoover plant in North Canton, I can attest to the depressed wages and flagging industry plaguing Ohio. Thanks to the U.S. tax, trade […]
Why ‘Occupy Wall Street’ Protests? America’s High Rates of Poverty & Income Inequality
Huffington Post 10/11/2011 By Michael Shank On the heels of the US government’s announcement that personal income of Americans has dropped for the first time in two years, Britain’s Richard Wilkinson — co-author with Kate Pickett of the book Spirit Level: Why Equality is Better for Everyone — came to […]
America Cannot Afford Such Inequality
THE GUARDIAN 10/05/11 By Michael Shank The huge costs of social deprivation make the US poorer, even as the top 1% gets richer. Fix that and you fix the budget deficit On the heels of the US government’s announcement that personal income of Americans has dropped for the first time […]
To Super Committee: Pentagon Corruption in the Millions, Time to Cut Defense Contracting
Huffington Post 10/05/2011 By Michael Shank As US Congress continues to quack its way through the Super Committee quagmire, a seemingly non-germane offshore issue has surfaced vis-a-vis Iraq. The connection between the two is anything but inconsequential, despite receiving scant review in Washington. If one wonders how US debts and […]
Republican Presidential Candidates’ Anti-EPA Extremism & Rep Darrell Issa’s Effort to Enable Car Emissions
Huffington Post 10/03/2011 By Michael Shank Since “climategate” first broke the news two years ago, American efforts to enact effective climate policy at the federal level have been significantly undermined by a confluence of events — from the emergence of a Republican majority in the House of Representatives in the […]