When Congress passed the second pandemic stimulus bill, the CARES Act, in late March, a key feature was the Paycheck Protection Program(PPP). This was $349 billion described as targeted to small businesses (in the world of the Federal government small businesses have long been defined as having fewer than 500 --->> read more -->>
Updated 9/28/2017 When I posted this back in June 2017, I was hardly prescient, just sure that Republicans and conservative Democrats would return to the illusory language of trickle-down economic growth. Yesterday President Trump kicked off his big tax cut program in Indiana saying, “a revolutionary change, and the biggest --->> read more -->>
from the New York Times: How Homeownership Became the Engine of American Inequality An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class. By MATTHEW DESMOND MAY 9, 2017 Read the article >>>>>> Share this:TweetLike this:Like Loading...
This 2013 article “How Much Money Would It Take to Eliminate Poverty” (http://prospect.org/article/how-much-money-would-it-take-eliminate-poverty-america) addresses this question. The answer then was $175 billion. This is a ridiculously small number in the context of a $16 trillion GDP. As someone who is on the homeowners gravy train I was stuck by this part --->> read more -->>