Real wages for American workers begin a prolonged period of stagnation and decline during the Reagan era, with median hourly wages falling nearly a dollar from $16.90 to $16.00 between 1980-1990. Average real hourly wages for production and nonsupervisory workers—representing the vast majority of …
Ronald ReaganAmerican workersLabor unionsCorporate Americawage-stagnationinequalityreaganomicsworkerslabor+1 more
Reagan’s 1981 tax cuts create massive corporate tax loopholes through permissive depreciation rules and reduced rates, causing corporate tax revenue to plummet from 25% of federal revenue in the 1950s to just 6.2% by 1983. The tax law allows corporations to slash or erase tax obligations …
Ronald ReaganCorporate AmericaInternal Revenue ServiceCongresscorporate-taxestax-avoidanceloopholesreaganomicstax-policy
Following the Buckley v. Valeo decision, corporations rapidly established Political Action Committees to influence elections. The number of corporate PACs grew from 89 in 1974 to 1,206 by 1980 - a 1,254% increase. This represented a systematic corporate mobilization to capture political influence, …
Corporate AmericaBusiness RoundtableChamber of CommerceFECcorporate-pacscampaign-financesystematic-corruptioninstitutional-capturesupreme-court+1 more
Following the Buckley v. Valeo decision, corporations rapidly established Political Action Committees to influence elections. The number of corporate PACs grew from 89 in 1974 to 1,206 by 1980 - a 1,254% increase. This represented a systematic corporate mobilization to capture political influence, …
Corporate AmericaBusiness RoundtableChamber of CommerceFECcorporate-pacscampaign-financesystematic-corruptioninstitutional-capture