Government

Jo Freeman writes: On December 5 Rep. Cheri Bustos (D-IL) told the Fifth annual Woman Rule Summit that she saw the same energy and enthusiasm in women during the last year that she saw [during the Anita Hill/Clarence Thomas hearings], and thought another Year might be coming. Sexual harassment by powerful men certainly attracted a lot more attention in 2017 than it did 25 years ago. There has been a shift in the presumption that the women were lying to a belief that the men are in denial. The Women Rule Summit featured issues of importance to women in more than just politics. The Fifth Summit had panels on women in sports, as entrepreneurs, in federal law enforcement, as well as a lot of politics.   more »

"Americans from across the nation should be outraged by President Trump's unlawful attempt to eviscerate the Grand Staircase-Escalante National Monument, one of our country's wildest and most scientifically significant federal public landscapes," said Stephen Bloch, legal director for the Southern Utah Wilderness Alliance, Utah's largest conservation organization. "No one will look back on this decision in 15, 25 or 50 years and say Trump did the right thing by protecting less of this magnificent place. And by promoting this illegal act, Utah's parochial congressional delegation and local politicians have firmly come down on the wrong side of history." more »

Estate tax. The clearest benefit for the Trump family would be the tax bills' changes to the estate tax, which falls on estates worth more than $5.49 million (nearly $11 million for a couple). The House bill would repeal the estate tax entirely in 2024. As we’ve written before, that would save Trump’s estate $564 million, according to a Bloomberg estimate, based on a net worth of $3 billion. Trump has said his net worth is $10 billion, and if so, the savings to his estate from a repeal of the tax would be $1.9 billion. more »

Janet Yellen before the Joint Economic Committee, US Congress "With the job gains this year, 17 million more Americans are employed now than eight years ago. Meanwhile, the unemployment rate, which stood at 4.1 percent in October, has fallen 0.6 percentage point since the turn of the year and is nearly 6 percentage points below its peak in 2010. In addition, the labor force participation rate has changed little, on net, in recent years, which is another indication of improving conditions in the labor market, given the downward pressure on the participation rate associated with an aging population." more »