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Tag Archives: corporate taxes
Washington – The most lethal damage to American society embedded in the Republican tax plan now being rushed through Congress is that it will metastasize the cancerous economic inequality that has been eating away at the health and fabric of American democracy over four decades – an issue some Democrats plan to take to voters […]
Washington – With Republicans surfacing more details of their tax-cut package and debate sharpening over its likely impact, Trump’s top economist forecasts a boost of $4,000 in annual income for the typical American family but most economists don’t buy that estimate and Senate Democratic Leader Chuck Schumer derides it as “fake math.” In fact, one […]
Washington – Riding a tide of tax cuts and rising profits over four decades, the captains of Corporate America have shifted $1 trillion each year from the paychecks of middle class Americans into massive payoffs to Wall Street investors and CEO pay packages. And now they want you to believe, once again, that cutting corporate […]
Washington – If you think our tax system is rigged in favor of U.S. multi-national corporations, Exhibit A is the laws passed by Congress that have let nearly 50 major American companies renounce their U.S. citizenship and merge with foreign companies in order to duck U.S. corporate income taxes. In the anodyne lingo of Wall […]
Washington – If you want to see what fires the grass roots passion for Donald Trump and Bernie Sanders and the populist rebellion against the U.S corporate and political elite, take a look at the latest case of an American corporation’s gaming the system for handouts and bailouts and then walking out on Uncle Sam and […]
Washington – If you wonder what price we all pay for corporate money flooding political campaigns ($1.7 billion in 2014), see Exhibit A — the attempt by pharmaceutical giant Pfizer to exploit legal loopholes and renounce its U.S. citizenship to become an Irish company and to duck U.S. corporate income taxes. Pfizer made no secret […]