The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.

Some Elements of a Progressive International Trade Policy

There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.

D&S BLOG

WSJ and Hightower on Wall Street Compensation

D&S Admin Mar 4, 2009

The bonuses and compensation at Merrill Lynch are front-page news in today's Wall Street Journal; here's the teaser from their site:

Merrill's $10 Million Men

Top 10 Earners Made $209 Million in 2008 as Firm Foundered

Here's the link, but it's a subscriber-only article.

Meanwhile, here's a piece by Jim Hightower on Wall Street compensation from his website:

EX-WALL STREET CEO'S STILL GETTING PERKS

"Bank executives might leave, but perks often linger," www.statesman.com, February 22, 2009.

Published in: D&S BLOG

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Dollars & Sense is a non-profit, non-hierarchical, collectively-run organization that publishes economic news and analysis.

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