Author: David Cay Johnston

David Cay Johnston co-founded DCReport. He is a best-selling author and investigative journalist who for 13 years reported for The New York Times. Johnston is a specialist in economics and tax issues. He won a 2001 Pulitzer Prize. He teaches at Syracuse University College of Law.

A rule we exposed six years ago is back When Republicans regained control of the House, they immediately renewed their rule allowing giving away our government’s land without ensuring that we taxpayers get fair value for our property. This is exactly what Republicans did when they last gained control of the House in 2017, the subject of one of DCReport’s first articles after its launch six years ago. DCReport and the excellent environmental news outlet High Country News were pretty much alone in reporting this important 2017 news affecting taxpayers. This week a few more news organizations covered the revived rule,…

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Be Cautious About Recession Predictions After consulting their models of the American economy, many political naysayers and Wall Street economists are shouting “A recession is coming! A recession is coming!” Should we trust these projections, which dominate major news reports on the economy? Count me a skeptic, given what the economic performance data show and the conflicted interests of commercial economists. More jobs and more pay are the opposite of what the word ‘recession’ implies: “a significant, widespread and prolonged downturn in economic activity.” In a piece typical of news articles last week, CNN reported: “Former Federal Reserve Chairman Alan Greenspan believes a…

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More Writers. Expanded Coverage. Same Quality Nonprofit Journalism. It’s hard to believe that it’s been six years since I collaborated with David Crook to start DCReport. We did so as a public service, to provide a voice for fact-based journalism and opinion about our government. Since then, our nonprofit newsroom has carved out a strong niche and readership by uncovering the stories that the mainstream media ignores or completely misses altogether. Along the way, we’ve certainly broken some big ones, and brought to light important facts, all in the name of protecting your rights as citizens, consumers, workers, investors, and voters. To…

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Trump Took Tax Losses He Knew Were Fraudulent Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. This explains why he fought all the way to the Supreme Court in a failed effort to keep his tax information secret. One technique he used at least 26 times between 2015 and 2020 was as simple as it was flagrant. Trump filed sole proprietor reports, known as Schedule C, that showed huge business expenses despite having…

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Part-time Pay, Adjusted for Inflation, Fell in 2021 The number of Americans earning less than $15,000 a year fell significantly in 2021 as a growing number of states and localities increased minimum pay standards for millions of part-time workers, new federal wage data shows. One in four Americans with paid work made less than $15,000 in 2021. DCReport refers to these people as part-timers because working full-time for all 52 weeks at the federal minimum wage earns gross pay of $15,080. After considering inflation, their average pay fell by $275 for the year. That’s the equivalent of working one week…

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Jobs Paying $3 Million Per Week Swell, Fueled by Trump Tax Favors for Big Business Last year the 237,000 highest paid employees in America together made more money than the lowest paid 60 million workers, my analysis of the latest federal wage statistics shows. The top employees collected  $659.3 billion for their work last year. The  worst paid 60 million workers earned $628.3 billion, about 5% less than the fat cats at the top of the pay ladder. These pay figures illustrate a long-term trend, heavily influenced by federal government policy, to restrain wages paid to the vast majority and…

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The Executive Class Gobbles Up Much More of Total Pay Here’s the real news on your 2021 pay raise, thanks to exclusive reporting by DCReport. The Executive Class received $500 for every dollar in raises you earned last year, my annual analysis of the latest official pay data shows. If you worked full-time and made less than $250,000, your average pay increase last year was $1,600. For the Executive Class paid $1 million or more, the average pay increase was $840,500—500 times as much. Pay for the Executive Class, which had been slowly taking a growing share of all…

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The Unthinkable, Pre-Donald, Must Command Our Attention After Highly Sensitive Secrets Recovered from Mar-a-Lago Despite Donald Trump’s many campaign rally boasts that he knows “everything” about nuclear energy, he can’t tell you the difference between an atomic bomb and a hydrogen bomb. He’s a con artist, a know-nothing without even rudimentary knowledge of nuclear weaponry (the subject of Barack Obama’s senior college thesis) or national security. What Trump does know is this: Foreign governments whose dictatorial leaders he admires–North Korea, Russia and Saudi Arabia among them–would pay fortunes to acquire America’s most sensitive nuclear secrets. And what Donald knows is…

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Coup Plotters and Observers Put on Notice  Rep. Liz Cheney delivered two clear warnings Tuesday. One was to Donald Trump aides and allies who conspired with him to violently overthrow our government. The second was to those who merely observed these crimes but refuse to tell what they know. The first message: the game is up because the J6 committee has the goods on Trump’s conspiracy, the coverup and the witness tampering so it’s time to either rat out Donald to save your own skin or give up any hope of leniency when indictments are handed out. The second…

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Will Biden Administration Hold Fast or Cave on Punishing Corrupt Credit Suisse? Unless the Biden administration loses its nerve, one of the most corrupt banks in the world – Credit Suisse – will soon be banned from the lucrative business of steering pension fund assets into opaque investments where thievery and poor performance are easy to hide. If you haven’t heard this news it’s because nothing has appeared about it in The New York Times, The Wall Street Journal, The Washington Post or even Bloomberg. We checked those and other influential news organizations and found zip. That’s not surprising because…

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