Justin Miller

 Justin Miller is a senior writing fellow for The American Prospect.

Recent Articles

House GOP Votes to Deregulate Wall Street and Gut Consumer Protections

Just the latest example of trickle-down ideologues trying to wipe away the hard lessons learned from the Great Recession. 

(Wikimedia Commons) trickle-downers_35.jpg C onservatives want you to believe that regulations on powerful banks are destroying the economy. It’s not the banks themselves— you know, the ones that destroyed the economy in the 2000s by fueling a housing bubble, making money hand over fist, getting bailed out with taxpayer money, and then fraudulently booting millions of homeowners out on the street. On Thursday, House Republicans were passed the Financial CHOICE Act, a radical Wall Street deregulation bill that would undo many of the provisions passed in the wake of the Great Recession that increased scrutiny and placed modest limits on big banks to keep them from taking down the economy again. Unable to call the legislation what it is—an unhinged reversion to the Wall Street Wild West—House Speaker Paul Ryan has the audacity to call it a jobs bill for Main Street. Ultimately, the Financial #CHOICEact is a jobs bill—one that will bring hope back to Main Street. pic.twitter.com/...

Trump Wants to Kill the Filibuster to Cut Taxes for the Rich

Once again, the president shows that he’ll do anything to afflict average-income Americans and to secure gigantic tax cuts for his wealthy pals.

 

(CQ Roll Call via AP Images) President Donald Trump shakes hands with Senate Majority Leader Mitch McConnell after delivering his address to a joint session of Congress. trickle-downers.jpg B ig surprise: Donald Trump wants the U.S. Senate to blow up the legislative filibuster to pass big tax cuts for corporations and the wealthy and to rip health-care coverage from 23 million people. Amid a scatterbrained trio of Tweets Tuesday morning, Trump wrote the following: The U.S. Senate should switch to 51 votes, immediately, and get Healthcare and TAX CUTS approved, fast and easy. Dems would do it, no doubt! — Donald J. Trump (@realDonaldTrump) May 30, 2017 Even though Senate Republicans are expected to use the budget reconciliation process (which requires just 51 votes to pass legislation) to approve the American Health Care Act and additional tax cuts, the fact that Trump is calling on them to blow up the legislative filibuster—one of the Senate’s few remaining sacred cows, requiring most...

Trickle Downer of the Week: The American CEO

C-Suite compensation continues to grow while workers get left in the dust. 

(AP/Richard Drew) Charter Communications CEO Thomas Rutledge is interviewed on the floor of the New York Stock Exchange, Tuesday, Jan. 14, 2014. trickle-downers.jpg T rickle-down capitalism has determined that the average American CEO is 347 times more valuable than the average worker. That’s the main takeaway from the new Executive Paywatch analysis by the AFL-CIO. The labor union federation dug into the compensation levels of CEOs of companies on the Standard & Poor’s 500 Index. The average S&P 500 CEO pulled in $13.1 million last year, a 5.6 percent increase from 2015. Meanwhile, the average employee only made $37,362. Think about that: Your typical head honcho makes nearly as much in one day as his typical employee makes in a year. The compensation winners were the heads of corporate behemoths like Google, Charter Communications, Expedia, CBS, Nike, and Walt Disney. According to most recent data obtained by the AFL-CIO, Sundar Pichai, the CEO of Alphabet, Google’s parent...

Trump’s Big Tax Cut Is Unadulterated Trickle-Down Fundamentalism

In a scramble to put his name on at least one success in his first 100 days, the president relies on an old supply-side standby.   

(AP/Carolyn Kaster) Treasury Secretary Steven Mnuchin, right, and National Economic Director Gary Cohn, arrive in the briefing room of the White House in Washington, Wednesday, April 26, 2017. trickle-downers.jpg D onald Trump has been in office nearly 100 days with little to show for it, save for signing a bunch of fancy parchment that orders the roll back of several environmental and worker protections. His fragile ego is driving his need to do something big. And so he’s doing what Republicans generally do when all else fails: propose steep tax cuts for the wealthy and corporations. On Wednesday, Trump’s Treasury Secretary Steven Mnuchin and chief economic adviser Gary Cohn unveiled their tax plan , one that, as expected, is centered on unadulterated trickle-down economics. Echoing his presidential campaign’s tax plan, Trump’s proposal calls for a 20 percent cut in the tax rate for corporations—from the current rate of 35 percent down to 15 percent. Furthermore, he wants to slash...

Q&A: Will Trump Bring Real Reform to Troubled H-1B Visa Program?

As part of his America First agenda, the president has targeted the skilled guest-worker visa program. But substantial fixes will require navigating a complex political landscape. 

Flickr Google headquarters in Mountain View, California. L ast week, President Trump issued an executive order calling on his federal agencies to conduct a review of the H-1B visa program, which allows employers to hire “skilled” foreign workers. About 460,000 H-1B visa workers are employed in the United States, predominantly in high-tech sectors like information technology and software development, with up to 85,000 new visas awarded by a random lottery each year. But the program has long been criticized as a way for U.S. companies to pass over skilled American workers and instead hire foreign workers at far lower salary rates than their American counterparts. As well, the program has increasingly been captured by companies that use the program to offshore American jobs. Meanwhile, these foreign workers are tethered to their employers, making them vulnerable to exploitation . For years, members of Congress have tried to address rampant abuses in the system only to run into resistance...

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