Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the … Continue reading Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change
Do you suffer from a really bad heart, cancer, or need dialysis, and still want to buy health insurance? If you can find a company in the U.S.A. that will cover you, the price will be many thousands of dollars a month with a cap on total payments, plus co-pays through the roof. If you … Continue reading Hospital room in America now costs about 20 times as much as in the country boasting longest life expectancy
China on the way to master trade with U.S., making us little more than a colony.
IBM’s chief executive, Ginni Rometty was anxious to meet with the newly-elected Donald Trump in December, last year, and she pledged that her tech firm would create 25,000 new American jobs. She also promised that IBM will be investing in the United States by bringing $1 billion to create training programs and opening new offices. … Continue reading Trump ignores own warning about tech swamp snakes; now IBM has more jobs in India than U.S.
FOX News yesterday proclaimed on the web: The new GM deal would raise labor costs from $55 to $60 an hour, a 9 percent hike, according to a study of the deals from Kristin Dziczek of the Center for Automotive Research and Art Schwartz, a former GM labor executive and president of Labor and Economic … Continue reading FOX News lies about auto worker hourly wages
The threshold to qualify for overtime pay, now $23,660, is expected to rise to $50,440 a year if new regulations are adopted by the Barack Obama administration. Until now, companies were allowed to call you a manager, pay you $26,000 and require you to work, say, 58 hours a week - no extra pay for … Continue reading Worker earns $12,320 more than “boss”, despite same hours. Let’s end employers’ abuse of “management” exemption.