Tag: corporate tax
Our country’s once-robust infrastructure has played a vital role in the success of our economy. Roads, bridges, and transportation systems are the heart and blood of commerce and give consumers easy access to goods and services. Our public schools produce the next generation of workers.
Christmas came early this year to some of Washington’s biggest special-interest groups when Congress passed legislation that was laden like a decorated Christmas tree with some of the finest-looking and most expensive ornaments lobbyists can buy.
As the post-election lame duck session gets underway, Congress has an excellent opportunity to show that they’ve heard the American people loud and clear by acting on tax extenders.
There is an outrage in our tax code and it’s costing you money. Federal law currently gives publicly–held corporations a special tax deduction when they pay their executives huge “performance-based” bonuses. The deduction can be worth millions of dollars. The more they shower their executives with such pay, the less publicly-held corporations pay in federal taxes.
Virginia Organizing will host a screening of the documentary We’re Not Broke at the Staunton Public Library on Thursday, June 26 at 6:30 p.m. A discussion with James Madison University Professor of Economics Dr. J. Barkley Rosser will follow.
One of America’s best known stores may soon decide that it’s no longer American. If it does, you will pay the price and feel real sick about it.
You pay your fair share of taxes. Small businesses do too. It’s the price we pay to educate our kids, protect our communities and have some security in retirement. Why shouldn’t some of America’s largest corporations pay their fair share too?
In their efforts to defund the Affordable Care Act, aka Obamacare, the Republican leadership in the House of Representatives also demanded a $29 billion tax break for one of the country’s more profitable industries, medical device-makers.
Virginia gubernatorial candidate Terry McAuliffe’s campaign today released a new report, “Cuccinelli’s $8 Billion Tax Plan,” describing how Ken Cuccinelli’s budget gimmicks and support for eliminating the corporate income tax could cost the Commonwealth at least $8 billion over four years and deplete necessary funding streams from localities for education, transportation, and other critical investments that will keep Virginia competitive in the 21st century.
Last January, when our documentary film, We’re Not Broke, premiered at the Sundance Film Festival, we were elated. The film’s message about how multinational corporations are cheating the American people out of desperately needed tax revenue to the tune of $100 billion a year was sure to reach the masses.
Corporations pay a lower effective tax rate than Warren Buffett and Mitt Romney, but you wouldn’t know it from all the complaints that our corporate tax rate puts our country at a competitive disadvantage. Last year, U.S. corporations paid just 12.1 percent of their earnings in federal corporate income taxes. Buffett’s tax rate is 17.4 […]
If a kid steals a cookie, does it make sense to give him another and then hope that he won’t do it again? An army of corporate lobbyists is trying to convince Congress that after stashing nearly $1.4 trillion offshore to avoid paying the U.S. taxes they owe, they should get a massive tax discount […]