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Corporate Taxes

Corporate Loopholes: The Tip of the Iceberg

Marian Wright Edelman | Posted 01.04.2012 | Politics
Marian Wright Edelman

Some days it feels like America may be speeding towards a proverbial iceberg. The tip of the iceberg is the budget deficit; and the failure to invest in our human capital is the rest of the iceberg that will sink America's ship of state. But as the super committee struggles to make difficult decisions in the coming weeks to reduce the budget deficit, one of the proposals it is considering is reducing the corporate tax rate. This would be a step away from investing in human capital, and a step towards balancing the budget on the backs of our youth, who need health care and nutrition, quality education and good jobs to build a strong America. Children did not cause the budget deficit and they must not be sacrificed to help solve it.

Thirty Of America's Most Profitable Companies Paid 'Less Than Zero' In Income Taxes In Last 3 Years: Report

The Huffington Post | Jillian Berman | Posted 01.03.2012 | Business

Many major corporations have managed to pay taxes at just over half of the corporate income tax rate, according to a new report. Nearly 300 of the...

Report Pokes Holes In Republican Tax Plan

AP | By ALAN FRAM | Posted 01.02.2012 | Politics

WASHINGTON -- It will be hard for Republicans to attain their goal of lowering the top corporate tax rate to 25 percent if they want to pay for it sol...

Just Say No to Corporate Greed

Marian Wright Edelman | Posted 12.28.2011 | Business
Marian Wright Edelman

One solution being proposed by some of our Congressional leaders is a rehash of an old experiment: a repatriation tax holiday that would temporarily allow U.S.-based companies to bring home profits they currently hold overseas.

GRAPHIC: How Much Big Corporations Pay In Taxes

The Huffington Post | Posted 12.26.2011 | Business

Earlier this year, General Electric came under intense scrutiny after a New York Times piece alleged the corporation, whose CEO heads Obama's jobs cou...

CME Group, CBOE Tax Cuts Up For Debate In Springfield

Posted 12.25.2011 | Chicago

A proposal introduced by Illinois Senate President John Cullerton (D) Monday that drastically cuts state income taxes for CME Group and CBOE Holdings ...

Wealthy corporations with a trillion dollars stashed offshore lobby for a 'holiday' from U.S. taxes

The Center for Public Integrity | Posted 12.24.2011 | Politics
The Center for Public Integrity

By John Aloysius Farrell and Aaron Mehta, iWatch NewsGoaded by battalions of corporate lobbyists, members of Congress are working to give a select g...

Zach Carter

Why Rupert Murdoch Lobbied For Closer Ties With Panama | Zach Carter | Posted 06.19.2012 | Politics

WASHINGTON -- Rupert Murdoch's media conglomerate News Corp. lobbied in favor of the new Panama free trade pact, according to federal lobbying disclos...

Occupy Wall Street: A Bottom Up Revolution in Need of Leadership to Define Its Mission

Pearl Korn | Posted 12.18.2011 | Politics
Pearl Korn

Many of us wondered when it would happen, what it would take to ignite a national outcry against those that are destroying the American Dream for millions for their own selfish gain.

On Social Sacrifice

David Theo Goldberg | Posted 12.12.2011 | Politics
David Theo Goldberg

In asking the rich to pay more the Wall Street Occupiers are not asking that the contribution should employ any one of them. They are just asking that it improve the chances of everyone to be employed.

Bush Tax Break For Overseas Corporations Was Costly Failure

Posted 12.11.2011 | Politics

(Reuters) - Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was a costly failur...

No Tax Holiday for Corporate Job Destroyers

Chuck Collins | Posted 12.04.2011 | Business
Chuck Collins

Companies have parked huge amounts of profits -- a stash totaling more than $1.4 trillion --in offshore tax havens. They've stowed those funds abroad primarily to avoid having to pay federal taxes on that income. But now they want to bring their treasure to the U.S.

Is Our Nation on the Titanic?

Marian Wright Edelman | Posted 11.23.2011 | Politics
Marian Wright Edelman

What is our values compass as we seek solutions to rampant joblessness and poverty among millions of Americans, including 16.4 million poor children?

Alexander Eichler

Obama's Tax Hikes Expected To Have Little Impact On The Wealthy | Alexander Eichler | Posted 11.20.2011 | Business

Tax the rich, a frequently cited conservative argument goes, and the rich will retreat. They'll stop hiring; they'll stop investing; they'll stop spen...

The Forecast: Winter of Discontent, Chance of an American Spring

William S. Becker | Posted 11.20.2011 | Politics
William S. Becker

Several factors that triggered the Arab Spring are present in the United States today, including crony capitalism, political corruption, poverty and the unmet aspirations of the young.

Tax Breaks For American Families Far Outweigh Corporate Giveaways

The Washington Post | Posted 11.18.2011 | Politics

As President Obama and congressional Republicans argue over how to rewrite the U.S. tax code, the debate has revolved around “loopholes” for corpo...

U.S. Corporations Fight Congress, White House Over Tax Havens

Posted 11.14.2011 | Politics

By Kevin Drawbaugh WASHINGTON (Reuters) -- Large U.S. corporations are pressuring Congress and the White House to exempt overseas corporate pro...

U.S. Companies Could Get Tax Cuts On Foreign Profits

Posted 11.11.2011 | Business

(BRAD DORFMAN, Reuters) - The Treasury is weighing a proposal to eliminate some, but not all, of the taxes on overseas profits of U.S.-based compa...

Lila Shapiro

Small Business Says Jobs Plan Will Have 'Immediate Impact' On Hiring | Lila Shapiro | Posted 11.09.2011 | Business

Economists have been quick to doubt the effectiveness of the payroll tax cuts laid out in Obama's $450 billion jobs plan. But Paul Ward of Media Mech...

Dave Jamieson

Economists: Employer Tax Breaks May Be Weakest Link In Obama Jobs Plan | Dave Jamieson | Posted 11.08.2011 | Politics

WASHINGTON -- President Barack Obama staked his presidency on a $447 billion jobs plan presented to Congress Thursday night, and a surprisingly large ...

More for Them, Less for You

Carl Gibson | Posted 11.07.2011 | Politics
Carl Gibson

The current crop of Republicans vying for the presidential nomination are all champions of a reverse-Robin Hood methodology that calls for soaking the poor to give more lavish tax breaks to the rich, and calling it "job creation."

Zach Carter

Obama's Close Ties To CEOs Whose Firms Dodge Taxes | Zach Carter | Posted 11.01.2011 | Politics

WASHINGTON -- As the nation struggles with a stagnant economy, President Barack Obama has preached overhauling the U.S. tax code to spur economic grow...

America Is GE's Tax Haven

Reuters | David Cay Johnston | Posted 10.24.2011 | Business

Washington politicians say high corporate tax rates are driving U.S. companies to invest offshore where tax rates are lower. But that is not General E...

The SuperCongress Dilemma: Warren Buffett v. Grover Norquist

Ryan Clayton | Posted 10.17.2011 | Politics
Ryan Clayton

If you had to choose between the advice of successful investor Warren Buffett or political hack Grover Norquist on how to fix our nation's fiscal ills, who would you trust?

S&P Says Microsoft More Creditworthy Than U.S. Government

David Morris | Posted 10.16.2011 | Business
David Morris

U.S. corporations have come to believe their fates are no longer inextricably tied up with the fate of their country's economy. They're sorely mistaken, and we're all suffering from the consequences of their delusion.