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Some prominent Democrats, including Senator Elizabeth Warren, have endorsed the idea of making bankruptcy more accessible.

Economics

Many People Are Too Broke for Bankruptcy

For many people, filing for bankruptcy is a luxury that's out of reach. A new report by the primary bankruptcy professional organization is full of recommendations that, if implemented, could help change that.

Paul Kiel

Gilets jaunes (yellow vest) protesters march down the Champs-Elysees in Paris, France, on February 17th, 2019. The yellow vests movement began in November after French President Emmanuel Macron announced impending fuel taxes, which many rural French citizens said they could not afford, and calls for government tax reforms to address the high cost of living and for Macron's resignation.

Viewfinder: Yellow Vest Protesters March in Paris

Yellow vest protesters march down the Champs-Elysees in Paris, protesting Emmanuel Macron and high costs of living.

Pacific Standard Staff

President Donald Trump gives remarks on the economy at the South Lawn of the White House on July 27th, 2018.

Economics

Two Big Reasons Why Today’s GDP Growth Number Might Not Be Sustainable

The Trump administration is touting the most recent GDP growth number, but not everyone is convinced it will last.

Dwyer Gunn

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on February 22nd, 2018, in New York.

Economics

The Markets Are Down! Wait, Now the Markets Are Up!

An expert explains what's going on, and why you should care.

Dwyer Gunn

Economics

This Chart Explains Why the IRS Isn’t Ready to Answer Your Questions About the New Tax Law

The tax reform legislation will simply place more burden on an already overtaxed agency.

Dwyer Gunn

An employee restocks a shelf in the grocery section of a Walmart on May 11th, 2005, in Troy, Ohio.

Economics

Walmart Promises Higher Pay Under Tax Overhaul

Walmart is one of several companies that has announced raises and one-time bonuses for employees after Congress passed its tax overhaul.

Francie Diep

Speaker of the House Paul Ryan speaks about tax reform during a press conference on Capitol Hill in Washington, D.C, on November 7th, 2017.

Economics

Congress Just Passed Its Massive Tax Overhaul

Here's what that means for middle-class Americans.

Dwyer Gunn

Economics

Marco Rubio and Bob Corker Announce Support for Tax Legislation

The legislation is now almost certain to pass.

Dwyer Gunn

Economics

These Two Charts Show How the GOP’s Proposed Tweaks to the Child Tax Credit Fail to Help Low-Income Americans

Senator Marco Rubio says he'll vote against any tax reform plan that doesn't include big changes to the Child Tax Credit. The data shows his concerns are valid.

Dwyer Gunn

Senate Majority Leader Mitch McConnell speaks to reporters about the Senate Republicans' tax bill at the U.S. Capitol on November 14th, 2017, in Washington, D.C.

Economics

The GOP Tax Bill Is an All-Out Assault on America’s Weakest

Phase One: Blow up the deficit. Phase Two: Use austerity to justify shredding the safety net.

David M. Perry