Corporate tax deadbeats

Biden and Congressional Democrats are talking about raising the corporate tax rate. The latest proposal looks to be boosting it from 21.0% to 26.5%, marked down from the 28.0% level that the administration circulated in April.  While that would be a step in the right direction, it only begins to address the seven-decade erosion in what business pays. Graphed below is the effective tax rate for nonfinancial corporations, drawn from the national income accounts. “Effective” means the rate actually paid—taxes paid divided by profits—not the rate on the books before clever lawyers… Read More

Fresh audio product

Just added to my radio archive (click on date for link): September 16, 2021 Dave Zirin, author of The Kaepernick Effect, on how taking a knee spread across the country (and why leftists shouldn’t hate sports) • Dwayne Monroe, cloud data architect and author of this piece, disassembles the hype around artificial intelligence

Fresh audio product

Just added to my radio archive (click on date for link): September 9, 2021 Clyde Barrow on how Texas, a diverse, urbanized, sophisticated state, is run by a bunch of reactionary white would-be cowboys • Anatol Lieven, author of this article, on the US–China rivalry and the meaning of the US withdrawal from Afghanistan

Work from home: mostly for the high end

Judging from the media coverage of the work from home (WFH) phenomenon, you’d think it’s become near universal. It’s not. In July, only about one in eight workers were teleworking—the Bureau of Labor Statistics’ (BLS) preferred term—and those are heavily concentrated in a few sectors and occupations, and among the highly credentialed. According to BLS stats, in July 2021, just 13% of workers are doing so remotely because of the pandemic, down from 35% in May 2020, the first month the numbers were collected. (See graph below.) And that initial 35% number… Read More

Fresh audio product

Just added to my radio archive (click on date for link): September 2, 2021 Paul Passavant, author of Policing Protest, on the change in how cops treat protesters since the 1960s • Marisol Cantú and Shiva Mishek (co-author of this article) on how activists won a shift of public funding from cops to social services in Richmond, California