Turn It Right-Side Up: A Tax Code That Works for Everyone

Right now, a millionaire gets an average benefit of $145,000 each year, while working families get an average of only $174 each year. There is a lot of uncertainty about legislative and policy actions that the incoming Administration and Congress will pursue in 2017, including tax policy. House Speaker Paul Ryan proposed a plan earlier this year that would simplify tax rates and provisions overall, but virtually all the benefits of this reform would go to the wealthy.
Read More

America’s Poor Still Lack Access to Basic Banking Services

Despite a sprawling and varied financial industry, more than one-quarter of Americans don’t have adequate access to basic banking tools, such as checking accounts, credit cards, or loans for instance. That group—known as the underbanked—is made up of those who suffer the most from growing inequality and systemic marginalization: Americans with low incomes, those with less than a college degree, and minorities.
Read More