PHOENIX — Democratic Gov. Katie Hobbs on Tuesday vetoed a Republican-backed proposal to extend a longstanding half-cent sales tax that funds transportation projects in Arizona’s most populous county and is set to expire at the end of 2025. The tax, which was first approved in 1985, helps to pay for major Phoenix-area freeway projects, bus service and the Phoenix area’s …
In the late 1970s, the US Supreme Court, under the guidance of Justice Lewis Powell, decriminalized political bribery: specifically, in 1976 they legalized bribery of politicians by the morbidly rich and in 1978 they legalized bribery of politicians by corporations. This “invisible hand” of the economy was so perfect, the neoliberals told us, that we wouldn’t even need to monitor …
The top 0.1% have been increasing their share of the economy for four decades; everyone else is losing out. Of the unreported income, about 6 percentage points is hidden by “sophisticated evasion that goes undetected in random audits.” The unreported income for the 1%, households with more than about $420,000 in annual income, is as much as one-third higher than …
