Posted on June 25th, 2008
CtW Connect posts on some recent analysis of the respective tax plans of Obama and McCain.
Wonder whose policies will actually help you? According to Business Week, McCain’s caters to the rich, while Obama’s actually helps the middle class:
• Senator McCain’s tax cuts would primarily benefit those with very high incomes, almost all of whom would receive large tax cuts that would, on average, raise their aftertax incomes by more than twice the average for all households. Many fewer households at the bottom of the income distribution would get tax cuts, and those whose taxes fall would, on average, see their aftertax income rise much less.
• In marked contrast, Senator Obama offers much larger tax breaks to low- and middle-income taxpayers and would increase taxes on high-income taxpayers. The largest tax cuts, as a share of income, would go to those at the bottom of the distribution, while taxpayers with the highest income would see their taxes rise.
Read the article at Business Week, and ask yourself whose tax policy will benefit you.
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Filed under: 2008 Presidential election, politics, poverty and wealth
Posted on June 15th, 2008
(This is an announcement for Teamsters Local 384 members. The most recent updates to this site continue below this post)
As usually occurs at Local 384, the summer membership meetings were suspended via a motion at our May membership meeting. The Local sent out notices that are posted on the workplace Union boards, and if you look on this site’s Meetings page, you’ll notice the June, July and August meetings have been crossed out.
With a three month break from meetings, it gives us all plenty of time to plan on attending the next meeting on September 28, 2008. I hope everyone has a great summer and makes it out to the September meeting.
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Filed under: Teamsters Local 384, events and meetings, unionism
Posted on June 15th, 2008
On Father’s Day, I’d like to wish a good day to all the fathers who may be reading this.
I’d also like to point to an item from the AFL-CIO Now blog about working single fathers. It points out a fact sheet on single fathers from the Center for Economic and Policy Research.
A few of the facts cited:
- Among people living in single-parent families headed by a working father, almost 28 percent are economically insecure. CEPR says economically insecure means their income falls below the “basic family budget”—a measure of the basic goods and services needed to make ends meet for where they live. By comparison, among people in all working families, about 17 percent are economically insecure.
- Public assistance, such as the Earned Income Tax Credit, public health insurance (Medicaid and the State Children’s Health Insurance Program) and food stamps, helps single fathers take care of their families. Before taking public assistance into account, 37.6 percent of people in single-father families are economically insecure.
- About one in four men work in low-wage jobs, which CEPR defines as one that pays less than $11.11 an hour. The typical man working in a low-wage job earned $8.64 an hour in 2005. While women are still more likely to work in low-wage jobs than men, the gap between men and women is narrowing. Regardless of gender, the typical low-wage worker today earns about the same per hour, after adjusting for inflation, as they did in 1979.
Click here to check it out.
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Filed under: poverty and wealth
