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Why Wall Street Cares About Inequality (WSJ)
Major Wall Street institutions like Standard & Poor’s and Morgan Stanley have put out reports on income inequality. Pedro Da Costa says it’s because these companies see what’s holding back the economy.
Treasury Announces Rules to Help Curb Benefits of Inversions (Buzzfeed)
The new rules will change how money transferred from foreign subsidiaries and U.S.-based parent companies is taxed, in order to reduce the advantages of inversion, writes Matthew Zeitlin.
The Politics of Pre-K: How A Program Known to Help Poor Mothers Could Doom Your Candidacy (TAP)
Rachel M. Cohen explains why the gubernatorial candidates in Pennsylvania will only talk about pre-K in terms of education, skipping any mention of working mothers or income inequality.
The GOP’s Jobs Bill Will Create Few Jobs, But Plenty of Debt (TNR)
The $590 billion deficit increase from the bill’s tax breaks proves to Danny Vinik that the GOP doesn’t actually care about the deficit as much as it opposes increased government spending.
What Happens to Families on Housing Assistance When the Assistance Goes Away? (WaPo)
The cost of market-rate housing often erases the benefits of positive life changes that take people off housing assistance, writes Emily Badger, and more gradual assistance reductions are costly.
Those Lazy Jobless (NYT)
Paul Krugman says that John Boehner’s repetition of the accusation that the unemployed just don’t want to work proves that the “closed information loop of the modern right” is particularly effective.