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Public Money for Public
Purpose
Our country is at an “inflection
point,” as President Biden said in a speech yesterday.
The Build Back Better agenda could
help stave off the worst effects of climate change, provide
much-needed care infrastructure, and empower workers.
It would also address many of the
economic and racial inequities embedded in our unfair tax system—if we
don’t allow corporate interests to weaken the reconciliation bill,
Roosevelt’s Niko Lusiani
warns.
“As corporate lobbyists circle the
skies and fill the trenches here in DC in search of fresh revenue
streams, we can’t forget that building back better means ensuring that
investments are not only large enough but equitable, accountable, and
participatory from the outset,” Lusiani writes.
“. . . Congress and the Biden
administration must think carefully about structure, with responsive
and democratic program design that puts communities first while
restraining corporate capture.”
Read on for Lusiani’s
two
proposals to curb corporate power and promote accountability in Build
Back Better.
The Benefits of a Global
Minimum Tax
“When companies make their profits
at the expense of ordinary citizens and use their money to ensure that
they don’t pay their fair share of taxes, it adds to the public’s ire
and threatens the stability of economic and political systems,” Joseph
Stiglitz, Todd Tucker, and Gabriel Zucman write in Foreign Affairs.
“Squashing the global tax-avoidance
industry is not only vital to establishing a sense of fairness in the
international economic system; it is also an important tool for coping
with climate change and addressing the myriad other issues facing the
world today.” Read
on.
What We’re
Reading
Biden Vows to "Deal Everyone In" as Nobel
Laureates Back Economic Plan [feat. Roosevelt’s Joseph
Stiglitz] -
Axios
Joe Manchin Doesn’t Know What He’s
Missing - New
York Times
How the Budget Rules Hobble the Progressive
Imagination - The
American Prospect
9 Questions about the Civilian Climate
Corps, Answered [feat. Roosevelt’s Mark Paul] - Washington Post
How Free College Can Help Remake the US
Economy -
Bloomberg
Occupy Wall Street Did More Than You
Think - The
Atlantic
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