December 2011
2 posts
2 tags
Politics Notes 12/2011
Monthly Notes:
Bush expanded eligibility for food stamps
Department of Agriculture administers food stamps
OECD wants countries to tax rich more and did a study that dispels the Trickle Down theory
US has fourth largest inequity level after Chile & Mexico & Turkey in OECD
Top 1% has more than doubled income from 1980-2011
Top 1% make an average after tax income of $1.2M
Poorest 20%...
3 tags
Politics Notes 11/2011
Monthly Notes:
Obama is becoming known as the “Deportation President”, more have been deported under Obama so far than under Bush
Members of Congress have net worth of over $2B
Corporate tax breaks cost government $102B in lost revenue when the deficit was $1.3T
Average effective tax rate for corporations from 2008-2010 was only 18.5%
Reagan signed highest & largest corporate...