Category: Tax Reform
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Senate Democrats Propose Wealthy Pay A 30 Percent Minimum Tax
Sen. Sheldon Whitehouse has released a \”tax fairness plan\” that would ensure that people with multimillion-dollar incomes pay their fair share in taxes. Meanwhile, conservatives cling to their tax-cuts-for-corporations agenda.
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On Day 1, House GOP Rigs The Rules For The Rich, Against The Disabled
House Republicans start the new Congress by declaring that tax cuts defy gravity and that future disability payments should be held hostage to set the stage for Social Security cuts.
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Economic Development For The 1 Percent: Tax Incentives Gone Wrong
State and local tax breaks are exploited by wealthy corporations, propping up businesses that generate massive wealth for CEOs and shareholders while keeping wages and benefits down for rank-and-file workers.
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Why Red-State Voters Should Cheer Obama\’s Tax-Break Veto Threat
The major tax break that was about to be left off the \”make permanent\” list in the \”tax extenders\” bill President Obama threatened to veto last week – the Earned Income Tax Credit – disproportionately benefits rural families.
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Walmart Rolls Back Its Tax Bill – And Passes The Consequences On To You
Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
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Corporations Paying More To Their CEOs Than They Do In Federal Taxes
It pays to remember the work Congress is not doing to ensure corporations pay their fair share of taxes. Some of the consequences are laid out in a report on CEO compensation and corporate taxes released today.
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Tastes Like Tax Avoidance: U.S. Company\’s Blend With Dannon Parent
An Illinois company is considering a combination with the French corporation that is the home of Dannon yogurt in the latest example of a corporate \”inversion\” designed to lower its U.S. tax bill.
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Companies That Evade Federal Taxes Still Get Federal Contracts
Ingersoll-Rand, which changed its corporate address to Bermuda to avoid American corporate taxes, is one of at least a dozen such companies that together get more than $1 billion in federal contract dollars annually.
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Corporate Tax Behavior So Bad Even Fortune Magazine Can\’t Stomach It
Fortune lists companies that \”sure seem American—except when it comes to paying taxes\” and publishes a denunciation of an \”exceptionalism\” that enables companies to avoid taxes but benefit from being American.
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Will Obama Opposition To Repatriation Tax Holiday Kill This Bad Idea?
Just as the White House was registering its opposition to a corporate tax holiday for companies that are sheltering profits overseas, a House Democrat was selling the proposal in a campaign ad.