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A populist undercurrent running through President Biden’s State of the Union address and churned up by turbulent conditions in the global economy is resonating with Americans.

It’s the feeling that people are “getting ripped off,” as Biden put it, by an economy that isn’t “fair” – a word that appeared in Biden’s prepared remarks nine different times.

From pesky fees charged by big retail banks to deep, structural imbalances in the U.S. tax system that favor wealthy people and large corporations, Biden’s speech hit on a perennial frustration in American economic life: how the deck feels stacked by big companies and institutions against ordinary taxpayers and consumers.

“If we – the poorer people, the middle class – pay tax, the big companies are supposed to do the same. This is right. So I think the President [said] something that is true. We need more tax to be paid by the big companies and then that money can go back to the poorer people to help people,” Jean-Michel Dossous, a New York City cab driver who watched the State of the Union on his phone, told The Hill.

Returning to the notion of economic fairness again and again, Biden touted numerous initiatives to bring down prices after a year of high inflation that has harassed American pocketbooks and that fiscal authorities, like Congress and the president, have limited powers to fight.

“Big Pharma has been unfairly charging people hundreds of dollars [for insulin] – and making record profits,” Biden said during his speech on Tuesday, praising the $35 insulin price cap for seniors who use Medicare that was passed as part of Democrats’ Inflation Reduction Act last year. Price caps have only been used minimally so far in the government’s battle against high prices, which is mostly the responsibility of the Federal Reserve.

He also touted his administration’s effort to fight so-called “junk fees,” expensive penalties charged by banks, financial firms and other businesses for reasons such as late payments, insufficient funds or an attempt to cancel a service.

“I know how unfair it feels when a company overcharges you and gets away with it,” he said about the overdraft fees charged by banks, a commercial practice he called on Congress to curtail with new legislation.

The Biden administration also announced last week an effort to cap bank overdraft fees at $8 through a new rule to be issued by the Consumer Financial Protection Bureau (CFPB).

Tatiana Nazario, an administrative assistant at the Newark, New Jersey, public library told The Hill she “absolutely” had the feeling she was getting ripped off by big banks and that she knew people who’d gotten locked into a cycle of debt due to overdraft fees.

While some major banks have already phased-out overdraft fees, bank lobbyists and advocates for the sector call those penalties a useful and popular way for consumers to smooth out expenses.

“If you get one overdraft fee and it stays in your account for a couple of days, they overdraft you again and again and again until you pay it. If you’re already broke and you’re waiting on that direct deposit to hit, by the time it hits you’re not going to have much left,” Nazario said in an interview.

“People are living off of payday loans, and now they’re promoting these apps … where you get payday loans rather than coming up with better solutions for us,” she added.

The CFPB describes payday loans as short-term, high-cost loans for small amounts of money and cautions that people’s “ability to repay the loan … is generally not considered by a payday lender.”

Of all the mentions of unfairness in the economy in Biden’s State of the Union, perhaps the point he hammered home the most was about unfairness in the tax code.

“I think a lot of you at home agree with me that our present tax system is simply unfair. The idea that in 2020, 55 of the biggest companies in America made $40 billion in profits and paid zero in federal income taxes? That’s simply not fair,” Biden said.

Steve Taylor, an adjunct English professor at the City University of New York, said he felt the same way, arguing that rich people and corporations need to be paying more.

“I think they should pay their fair share. They’re getting away with murder. These guys are not paying any taxes. I mean, come on. I pay taxes. What’s the median for working people, like 25 percent? Come on. What’s going on?” he said in an interview.

Critics of corporate tax hikes argue that big businesses still pay billions in other types of taxes outside of taxed income.

The views of Taylor and Jean-Michel Doussos on the tax system are held by a majority of Americans, according to a variety of public opinion polls. 

Fifty-two percent of Americans believe the government should “redistribute wealth by heavy taxes on the rich,” according to one such poll published by Gallup last August, while 47 percent feel the opposite. Prior to the 2008 financial crisis, those preferences were by-and-large flipped, with more Americans disagreeing with the idea of redistributing rich people’s wealth with taxes than agreeing.

A 2020 poll by Reuters/Ipsos found that nearly two-thirds of respondents believed “the very rich should contribute an extra share of their total wealth each year to support public programs.” Support for that position was stronger among Democrats, at 77 percent, but 53 percent of Republicans also stood behind it.

The difference between how workers and wages are taxed and how profits and businesses are taxed has been coined the “two-tiered tax system” by other members of the Biden administration, including Treasury Secretary Janet Yellen.

“At the core of the problem is a discrepancy in the ways types of income are reported to the IRS: opaque income sources frequently avoid scrutiny while wages and federal benefits are typically subject to nearly full compliance. This two-tiered tax system is unfair and deprives the country of resources to fund core priorities,” she said in 2021. Biden has big plans for junk fees, a billionaire’s tax and paid leave. But can he actually enact them? Yahoo announces layoffs of 20 percent of staff by end of 2023

Tom Ankner, a librarian in Newark, New Jersey, said he appreciated hearing the message during Biden’s speech that the economy could treat people more fairly.

“I liked the fact that he was taking that line,” Ankner told The Hill. “Because that’s where I’d like [to see changes]. That’s the direction I’d like to see the country go.”

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Smart, Bulldogs finally tame Tide, win SEC title

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Smart, Bulldogs finally tame Tide, win SEC title

ATLANTA — Georgia coach Kirby Smart doesn’t have an Alabama problem anymore.

After Smart’s teams dropped seven of their previous eight games against the Crimson Tide, the No. 3 Bulldogs flipped the script with a dominant 28-7 victory over No. 9 Alabama in Saturday’s SEC championship game at Mercedes-Benz Stadium.

By securing their second straight SEC title, the Bulldogs finished 12-1 and likely secured a top-four seed and first-round bye in the upcoming College Football Playoff.

It’s the first time Georgia has won back-to-back SEC championships since tailback Herschel Walker led them to three straight from 1980-82.

The fact the latest one came against Alabama, where Smart worked as an assistant under former coach Nick Saban from 2007 to 2015, made it all that much sweeter. It was Georgia’s most lopsided win against the Tide since a 21-0 victory on Oct. 2, 1976.

“It’s not about redemption; they’ve got a great program, great head coach,” Smart said. “It’s about our team tonight. These guys have been doubted and since that last game — our team was really physical tonight. Played an excellent game. Really proud of them and proud for these Georgia fans.”

In Alabama’s 24-21 victory on Sept. 27, which ended Georgia’s 33-game home winning streak, the Bulldogs trailed 14-0 early and never took the lead.

That wasn’t the case Saturday, as walk-on receiver Cole Speer delivered the first big play, blocking Alabama’s punt from its 21 with 6:31 left in the first quarter. That set up Gunner Stockton’s one-yard touchdown pass to running back Roderick Robinson II for an early 7-0 lead.

The Bulldogs were only getting started.

On the Tide’s next possession, safety KJ Bolden tipped Ty Simpson’s pass, which cornerback Daylen Everette intercepted. Georgia put together a 14-play drive that culminated with Stockton’s 5-yard scoring pass to Dillon Bell to make it 14-0.

Georgia’s defense, which couldn’t get off the field in the teams’ first meeting this season, held the Crimson Tide to minus-3 rushing on 16 attempts. Alabama’s longest run was five yards.

It was only the second time in school history that Alabama was held to negative rushing yards in a game (it had minus-45 in a 35-10 loss to Missouri in the 1968 Gator Bowl).

“I think that helped a lot,” Everette said. “We just tried to make it one-dimensional. That’s one thing we emphasized coming into this season: we’ve got to do better stopping the run on defense.”

Alabama quarterback Ty Simpson, who threw for 276 yards with three touchdowns in the earlier meeting, wasn’t nearly as good this time. He completed 19 of 39 passes for 212 yards with one touchdown and one interception. He was sacked three times.

Going back to the second half of the September game, Georgia’s defense shut out the Tide in seven straight quarters.

Alabama didn’t find the end zone Saturday until Simpson’s 23-yard touchdown to Germie Bernard with 12:33 left in the fourth quarter.

The Crimson Tide converted only 3 of 13 third downs, after going 13-for-19 in the earlier win at Georgia.

“We told them after that [September] game there wasn’t a lack of execution in that game at home,” Smart said. “They outplayed us. They out-executed us. They probably out-coached us. We weren’t going to let that happen again in terms of the way we played.”

Georgia has allowed 10 points or fewer in each of its past four games, the longest streak in a single season since the Bulldogs did it in eight straight games in 1971, according to ESPN Research.

“It was a huge difference,” Smart said. “It was the domination on that side of the ball. A lot of it came with a chip on their shoulder from the last one. It came with a chip on their shoulder from improving.”

Stockton was named the game’s MVP after completing 20 of 26 passes for 156 yards with three touchdowns. He was 8-for-10 for 61 yards with all three scores on third down.

“It’s a great feeling to see him get that,” Everette said of Stockton. “Proud of him for everything he’s done this year. Probably one of the toughest kids on the team. Toughest kid I know. Take all the hits, pop right back up.”

As the SEC’s highest-ranked team, Georgia won’t play again until a CFP quarterfinal at the Allstate Sugar Bowl on New Year’s Day (8 p.m. ET, ABC). The Bulldogs won’t learn their place in the 12-team bracket until it’s announced Sunday.

Georgia will be looking for revenge in New Orleans, as well. The Bulldogs fell to Notre Dame 23-10 in a CFP quarterfinal following the 2024 season. That was Stockton’s first start for the Bulldogs after Carson Beck was injured in the SEC championship game.

“We never quit,” Stockton said. “I think we’ve shown that in every game. I think that’s one of the best parts about our team, is we never quit.”

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DeBoer lobbies for Bama: Tide deserve CFP berth

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DeBoer lobbies for Bama: Tide deserve CFP berth

ATLANTA, Ga. — Despite a 28-7 loss to No. 3 Georgia in the SEC championship game Saturday, Alabama coach Kalen DeBoer said the No. 9 Crimson Tide are deserving of a spot in the College Football Playoff, saying a conference title game loss shouldn’t be punishment.

“If this game applies to and takes away from our resume, I don’t think that’s right,” DeBoer said. “I really don’t. I think the precedent’s been set and I don’t know how you can go into a conference playoff game when you’re the No. 1 seed and did all these things throughout the year — and playing in this game against one of the top teams in the country as well — how that can hurt you and keep you out of the playoff when again, we’ve done what we’ve done all year.”

The Tide opened the season with a 31-17 loss on the road to Florida State, then won eight straight, including victories over Georgia, Vanderbilt, Missouri and Tennessee. Despite a 23-21 loss to then-No. 11 Oklahoma at home on Nov. 15, the Tide qualified for a rematch with Georgia in Atlanta.

The Bulldogs held Alabama to 16 carries for -3 yards rushing, just the second time in school history the Tide have been held to negative yards rushing, after the 1968 Gator Bowl. They became the first team not to rush for a first down in an SEC championship game, according to ESPN Research. Their longest carry of the night was 5 yards.

Still, Alabama remained in striking distance until 8:13 remained, when, trailing 21-7, DeBoer opted to go for it on fourth-and-2 from the Tide’s own 12. Quarterback Ty Simpson threw the ball toward the sideline for Germie Bernard, but it sailed high and wide and out of bounds. Three plays later, Georgia quarterback Gunner Stockton threw a 13-yard touchdown pass to Zachariah Branch to stretch the lead to 28-7.

“If we’re really worried about the score, then you probably punt it on your own 11,” DeBoer said. “I’m here to win an SEC championship. If you lose by one or you lose by more, it’s still a loss. And that’s what I was caring about. We’re here to win an SEC championship. We can’t get worried about how much we lose by.”

DeBoer said Alabama was missing a few key pieces that would have helped against Georgia, all of whom would return before a playoff game, including running back Jam Miller.

“Two of our three losses are when Jam doesn’t play,” he said.

In the first quarter, Georgia’s Cole Speer blocked Blake Doud‘s punt and it was recovered and returned by Justin Williams to the Alabama 21. Four plays later, Stockton threw his first touchdown pass to Roderick Robinson II to give the Bulldogs a 7-0 lead. DeBoer said the block came from the spot usually manned by defensive lineman LT Overton, who was out for this game.

“There’s a check we’ve got to make we make all season long,” DeBoer said. “We missed it and they got an extra hat that we couldn’t block.”

DeBoer said that was the story of the game, that the Tide gave the Bulldogs four short fields and had to hold up against them. But he touted Alabama’s resilience, the same way he said the team bounced back all season.

“If you’re really looking at this game, I mean it was a 14-point game with 7½ minutes to go and we had the ball,” DeBoer said. “I don’t want to take anything away from what Georgia did.”

SEC commissioner Greg Sankey told ESPN that a loss to Georgia in this game should not be a negative in the eyes of the CFP selection committee.

“That may be the best team in the country right now,” Sankey said of Georgia. “And you’ve got to remember, Alabama went to Athens, won a game, won a number of other ranked games, played tough schedule. This is a reward tonight. It’s not a penalty for playing in that game.”

He said that if it does cost Alabama a CFP spot, he’s sure it will raise questions about the future of championship games in a significant way.

“But that question’s been there for decades and George and Alabama played here a couple of years ago, and Alabama beat an undefeated Georgia team in the four-team playoff [in 2018],” Sankey said. “We still kept the championship game.”

Simpson finished 19-of-39 for 212 yards and one touchdown and one interception, his first start in which he completed less than 50% of his throws. He was pressured all night and said the Georgia defense had a good plan. He also said that, regardless of the loss, his team’s resume holds up to scrutiny.

“We went through a gauntlet of the schedule,” Simpson said. “The SEC is the best conference in the country. That’s a really good team, and it’s pretty much as simple as that.”

ESPN’s Mark Schlabach contributed to this report.

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Champ Week live: No. 1 vs. No. 2 for the Big Ten, is Bama out and more

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Champ Week live: No. 1 vs. No. 2 for the Big Ten, is Bama out and more

We’re just hours from the announcement of the College Football Playoff field. There’s plenty of drama left to play out on the field.

The committee is gathered at its headquarters in the Gaylord Texan Resort in Grapevine, Texas, to watch conference championship games that will impact their final ranking on Selection Day. It was only the beginning of conference championship weekend, but how these games unfolded with the committee watching will determine their five highest-ranked conference champions — and how that order will impact the contenders around them.

We’re tracking all the conference title games and the impact on the CFP field as well as the top plays and highlights from No. 1 Ohio State vs. No. 2 Indiana.

Jump to: CFP takeaways


Conference title takeaways

With the win against Alabama, Georgia should lock up a top-four seed and a first-round bye, but that position depends in part on how far the loser of the Big Ten championship game falls. It’s possible Ohio State and Indiana just flip — or stay status quo — but if it’s a lopsided defeat, Georgia can finish anywhere from No. 2 to No. 4.

The bigger question is how far Alabama drops following its decisive third loss. If Alabama sinks to No. 11, it will open the door for both Notre Dame and Miami to finish in the top 10 — regardless of order. Because of how Alabama lost — and the committee hasn’t forgotten their season-opening loss to Florida State — the Crimson Tide could fall out of the field. The committee also will consider that Alabama has a regular-season road win against the SEC champs, though. If Alabama drops only one spot, it could still be a buffer between Miami and Notre Dame — and it could be the last at-large team in at No. 10.


Texas Tech’s win against BYU secured a top-four finish and a first-round bye for the Red Raiders. It also helped Notre Dame’s playoff chances tremendously, as the Irish no longer have to be concerned about being leapfrogged by BYU.

This puzzle is far from complete, though.

It doesn’t matter for BYU if the committee keeps it at No. 11 or drops it to No. 12 (or beyond). Either way BYU would be bumped out during the seeding process to include a conference champion. Where BYU lands, though, will impact Miami.

The selection committee is most likely to do one of two things: drop No. 11 BYU to No. 12 behind Miami, or keep it exactly where it is. If BYU falls below the Canes, the committee could reconsider the tiebreaker between Miami and Notre Dame.


With Tulane’s win against North Texas on Friday, the American champs locked up a spot in the playoff, as they will be the committee’s fourth-highest-ranked conference champion. The Green Wave will earn the No. 11 or No. 12 seed, depending on who wins the ACC championship game. If Tulane gets the No. 11 seed and faces the committee’s No. 6 team on the road in the first round, as things stand now, Tulane will get a rematch against Ole Miss. The Rebels beat Tulane 45-10 on Sept. 20 in Oxford, and they will have home-field advantage again as the higher seed.


With Friday’s win against Troy, JMU‘s path to the playoff is straightforward: Duke needs to beat Virginia and win the ACC. If that happens, the committee will reward JMU with the No. 12 seed as its fifth and final conference champion — and it would come at the expense of the ACC champion, which would be excluded. The question is if the conference will be excluded entirely, though — or if No. 12 Miami will still sneak in, even without playing this weekend. That could happen if BYU loses to Texas Tech in the Big 12 title game and drops behind Miami — putting the Canes right below No. 10 Notre Dame. In that scenario, the committee could look at Miami’s season-opening win against the Irish as one of several tiebreakers it uses to separate comparable teams.

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