Why Race Is the “Secret Sauce” of Modern Capitalism
Bree CarlsonJul 2023
Bree Carlson: I think we spend a fair amount of time nuancing whether or not what we have in the county now is capitalism as it’s supposed to be. Well, no. It’s never actually been—our capitalism, our democracy, none of
To Challenge Corporate Power, Look Up the Money Tree
Saqib BhattiJul 2023
Saqib Bhatti: I think that what we really need is a massive redistribution of power and wealth in this country. And I think one of the key challenges we have is when we try to focus purely on legislative answers,
Could Chicago Impose an Income Tax? Here’s What It Looks Like in Other Cities.
Alex NitkinJul 2023
As Mayor Brandon Johnson looks for new revenue, an income tax may be one of the city’s only progressive options. It comes with risks. Read the full article here. Mayor Brandon Johnson’s transition report published last week is full of
Supreme Court Affirmative Action Ruling Puts Legacy Admissions in Spotlight
Nick MordowanecJun 2023
Minorities who as a whole will soon be nationally impacted by the Supreme Court’s decision to strike down affirmative action in college admissions argue that legacy admissions will lead to an even wider gap between the privileged and everyone else.
Can progressive tax proposals for Chicago pass muster?
Judith CrownJun 2023
A bill pending in the Philadelphia City Council would levy a tax on stock and bond holdings, raising most of the money from the wealthiest city residents and generating estimated revenue of $200 million a year. Read the full article
Philly’s wage and business taxes will be cut amid a big cash surplus for the city
Sean Collins Walsh and Anna OrsoJun 2023
Philadelphia City Council members gave initial approval Thursday to a more than $6.2 billion budget deal in which lawmakers approved tax cuts for businesses and workers amid an unusual cash surplus. Read the full article here. City coffers are flush
The Answer to Failing Banks is Not Unregulated Bank Mergers
Saqib BhattiMay 2023
Read the full article here. The fact that another financial crisis has hit so soon after 2008 should give us all pause. Today’s crisis is allowing banks that are already “too big to fail” to grow even larger. This week,
‘First we get the money’ — read the controversial plan to raise $12 billion in new revenue for Chicago
Catherine Odom and Fran SpielmanMay 2023
Report co-author Saqib Bhatti said Chicago can no longer be “held hostage” by businesses that “want to be showered with tax breaks” and “threaten to leave when asked to pay” more. Read the full story here. A new report outlines
City Council reacts to progressive groups’ $12 billion financial proposal
Justin LaurenceMay 2023
Read the full story here. A proposal to raise billions of dollars by taxing businesses and higher-income Chicago residents, released just three days into Mayor Brandon Johnson’s new term, spotlights what’s expected to be a tension point for the new
Chicago Activists Release ‘First We Get The Money’ Plan Calling For $12 Billion In New Taxes
Gretchen ClaysonMay 2023
Read the full story here. Activists in Chicago are seeking to build a better city by proposing a plan they say would generate $12 billion in new taxes and savings after slashing the police budget for investment in black and