Tax Loopholes

When the 1 Percent Fails to Contribute Its Fair Share, Veterans Pay Dearly

Jon Soltz | Posted 05.15.2012

Read More: Afghanistan Veterans, General Electric, Bank of America, Tax Loopholes, JPMorgan Chase, Iraq Veterans, Corporate Tax Breaks, Veterans Unemployment, Corporate Taxes, Income Inequality, Veterans, Politics News

Veterans have served our country at considerable sacrifice. We work hard and play by the rules. But, as it turns out, big corporations aren't playing by the same rules, and our communities are paying for it.

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O'Reilly, Like Media, Got Sucked Into 'The Distraction Zone'

Steven Kurlander | Posted 05.03.2012

Read More: The O'Reilly Factor, Charitable Contributions, O'reilly Biden, Charitable Deductions, Bill O'Reilly, Tax Loopholes, Joe Biden, Media News

Instead of calling Biden a hypocrite, O'Reilly should have talked up a change with real teeth -- limiting charitable contribution deductions for the super affluent as well as all deductions and tax loopholes altogether.

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Bill Would Cut Tax Loopholes To Keep Interest Rates For Student Loans Down

HuffingtonPost.com | Joy Resmovits | Posted 04.24.2012

Read More: Student Loan Interest Rates, Stuent Debt, Federal Student Loans, Tax Loopholes, Student Loan Interest, George Miller, Student Loan Debt, Student Loans, Education News

As President Barack Obama makes his way across the country to slam an impending increase in federal student loan-interest rates, a group of congressio...

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The Facts About U.S. Corporate Taxes

Robert McIntyre | Posted 04.11.2012

Read More: Corporate Tax Rates, Tax Reform, u.s. Corporate Tax Rates, Corporate Taxes, Tax Loopholes, Politics News

You might have heard how the U.S. has just become "number one" in corporate taxation. But it's the highest on paper only. In practice, the true U.S. corporate tax rate is barely half of the 35 percent nominal rate.

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In The Public Interest : Could Obama's Business Tax Reform Realize Its Potential?

Phineas Baxandall | Posted 05.01.2012

Read More: Taxes, Lobbying, Tax Loopholes, Obama, Offshore Tax Havens, Tax Reform, Tax Havens, Business Taxes, Obama Tax Reform Plan, Obama Corporate Tax Plan, Corporate Taxes, Politics News

The much anticipated corporate tax reform framework released last week by President Obama hit the right notes but lacked the details to know if it can fully realize it's potential.

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Who Loses Big In Obama's Tax Plan?

HuffingtonPost.com | Dan Froomkin | Posted 02.23.2012

Read More: Corporate Tax Cuts, Video, Lobbying, Obama Corporate Tax Proposal, Tax Loopholes, Barack Obama Taxes, Subsidies, Corporate Taxes, Barack Obama, Politics News

WASHINGTON -- Every one of the dozens of corporate tax loopholes and subsidies that President Barack Obama announced this week he'd like to expunge ha...

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Tim Geithner: We Need To Make Sure Corporations 'Pay Their Fair Share'

The Huffington Post | Bonnie Kavoussi | Posted 02.14.2012

Read More: Taxes, Geithner, Timothy Geithner Treasury Secretary, Video, Tax, Tim Geithner, Tax Loopholes, Tax Cuts, Timothy Geithner, Corporate Tax Reform, Tax Reform, Business News

If you're feeling upset while filing your taxes this year, knowing that super-rich Americans like Mitt Romney could be paying a lower tax rate, Treasu...

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Will President Obama's Blueprint Save American Manufacturing?

Michele Nash-Hoff | Posted 04.08.2012

Read More: Outsourcing, Job Loss, Tax Deductions, Tax Incentives, Google Tax Avoidance, Tax Loopholes, Clean Energy Manufacturing, American Manufacturing, Business News

In his State of the Union address, President Obama laid out a blueprint for an economy that's built to last -- an economy built on American manufactur...

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In the Public Interest: What Do Jon Stewart, Elizabeth Warren, and Barack Obama Have in Common?

Dan_Smith | Posted 03.28.2012

Read More: Taxes, White House, Elizabeth Warren, Politics, Congress, Jon Stewart, Budget, Tax Loopholes, U.S. PIRG, Citizens United, Loopholes, Citizens for Tax Justice, The Daily Show, Tax Havens, Barack Obama, Lobbying, Lobbyists, Politics News

It's been a big week for calling out corporate tax dodgers.

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The Flatter Tax

Ed Koch | Posted 03.25.2012

Read More: Flat Tax, Capital Gains Taxes, Charitable Deduction, Mortgage Interest Deduction, Tax Deductions, Tax Loopholes, New York News

What should the Democrats be offering as one of their top priorities to deal with the enormous inequities in our tax code? I call for the "flatter tax." I believe all income from whatever source should be taxable.

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The Tax Hike Both Parties Support

HuffingtonPost.com | Alice Hines | Posted 12.01.2011

Read More: Ebay, Taxes, Marketplace Fairness Act, John Conyers, Internet, Congress, State Governments, Overstock, Tax Loopholes, Municipal Bankruptcies, State Budget Deficits, State Taxes, Online Shopping, Tax Hikes, Amazon, Business News

State governments, pushed to the brink of default, may finally get their way in a battle with Amazon.com. At a congressional hearing Wednesday, repres...

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In the Public Interest: Deficit Reduction That Should Be Easy

Dan_Smith | Posted 01.30.2012

Read More: Taxes, Politics News, Congress, Super Committee, In the Public Interest, Federal Budget Deficit, Budget Cuts, Budget, Tax Loopholes, Deficit Reduction, U.S. PIRG, Tax Reform, Corporate Taxes, Politics News

The decision on how we achieve deficit reduction now returns to the full Congress. They can do right by the American people and end wasteful subsidies, close corporate tax loopholes and direct taxpayer money to important public priorities.

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GOP Senator Decries 'Welfare' For Millionaires

The Hill | Alexander Bolton | Posted 01.14.2012

Read More: Tom Coburn, Senator Tom Coburn, Welfare, Millionaires, Tax Loopholes, Gop, Tom Coburn Welfare for Millionaires, Welfare for Millionaires, Millionaires Tax, Tom Coburn Report, Republicans, Politics News

A leading Senate conservative is taking aim at tax breaks that he says amount to welfare for millionaires, a line of critique that usually comes from ...

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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

Read More: Taxes, General Electric, Wells Fargo, Tax Loopholes, Business News, Tax Cuts for Corporations, Corporate Taxes, Tax Subsidies, Tax Code, Video, Business News

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...

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Why Super Committee Failure Is Good

Eric Sapp | Posted 12.27.2011

Read More: Super Committee, Federal Budget Deficit, Tax Code Reform, Tigger Cuts, Budget Triggers, Congress Budget Triggers, Congress Super Committee, Super Committee Triggers, Tax Loopholes, Politics News

I challenge anyone: present a viable scenario for a super committee compromise that can pass the Tea Party-controlled House and is not worse than the triggers. You can't do it.

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Barack Obama's Other Billionaire: How George Kaiser Turned Oklahoma Into His Personal Tax Haven

The Sunlight Foundation | Posted 12.18.2011

Read More: Taxes, White House, Irs, Oklahoma, George Kaiser, Solyndra, Tax Loopholes, Oil, Green Energy, Politics News

It's unlikely that President Barack Obama will be naming any tax proposals after George B. Kaiser. An investment by the Tulsa billionaire's family foundation in Solyndra has raised speculation that the administration acted in part to aid a financial supporter.

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More for Them, Less for You

Carl Gibson | Posted 11.07.2011

Read More: Super Rich, Small Business, Unemployment, Michele Bachmann, Jon Huntsman, Financial Speculation Tax, Tax Loopholes, Mitt Romney, Jobs, Corporate Taxes, Rick Perry, Elections 2012, Politics News

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."

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Paul Ryan Tries To Create Tax Loopholes For Biggest Donors

HuffingtonPost.com | Jennifer Bendery | Posted 10.22.2011

Read More: Debt, Deficit, Spending, Budget, Tax Loopholes, Elections 2012, 112th Congress, Offshore Tax Havens, Loopholes, Paul Ryan, Paul Ryan Loopholes, Paul Ryan Budget, Politics News

WASHINGTON -- House Budget Committee Chairman Paul Ryan (R-Wis.) has for months argued for closing tax loopholes as a way to pay for his proposed tax ...

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Debt Deal: Sifting Through the Debris

Rick Horowitz | Posted 10.04.2011

I'm still trying to dig up the quote. I know it was President Obama, and I know it was at least a few months ago, and I'm pretty sure I can picture...

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Smaller Government = Fewer Jobs

Bradley T. Borden | Posted 09.12.2011

Read More: Tax Breaks for Wealthy, Mitch McConnell, Debt Ceiling, Tax Loopholes, Jobs, Bush Era Tax Cuts, Small Government, Eric Cantor, Tax Increases, Politics News

The cause of the recent economic decline is simple: government downsizing eliminates jobs and tax breaks for businesses and wealthy individuals do not replace lost government jobs.

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Why I Support "The Ronald Reagan Tax Reform Act of 2011"

Michael B. Keegan | Posted 08.07.2011

Read More: Taxes, Ronald Reagan, Paul Ryan, Paul Ryan Budget, Bush Tax Cuts, George W. Bush, Tax Loopholes, Corporate Tax Loopholes, Politics News

In 1986, Ronald Reagan explained that "vanishing loopholes and a minimum tax will mean that everybody and every corporation pay their fair share." It's time for the GOP to take a page from their hero's playbook.

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In The Public Interest: How Much Did You Pay for Tax Dodging Corporations?

Phineas Baxandall | Posted 06.19.2011

Read More: Tax Code, Corporate Profits, Pfizer, Exxon-Mobil, Offshore Tax Havens, Pepsi, Tarp Funds, American Express, Tax Day, Bank of America, Aig, Comcast, Home Depot, Coca-Cola, Tax, Corporations, G.E., Tax Loopholes, Banks, U.S. PIRG, Tax Havens, Politics News

Instead of cutting needed programs, our leaders should take a close look at our unbalanced tax code and close the outrageous loopholes that allow the wealthiest individuals and corporations to skip out on paying their share.

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Labor Battles Hit Washington State

HuffingtonPost.com | Amanda Terkel | Posted 06.08.2011

Read More: Washington State Labor Protests, Taxes, Video, Washington State Protests, Tax Loophole, Washington State Budget, Tax Loopholes, Seiu, Washington Labor Council, Washington State Labor Unions, Corporate Tax Breaks, Washington State, Corporate Tax Loopholes, Washington Community Action Network, Politics News

This story has been updated. WASHINGTON -- Inspired by the uprising in Wisconsin over workers' rights, Washington state residents have turned out a...

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Schumer: Budget Deal Should Include Tax Hikes, Medicare Changes

HuffingtonPost.com | Elise Foley | Posted 05.25.2011

Read More: House GOP Funding Bill, Social Security, Stopgap Funding Bill, Continuing Resolution, House GOP, Tax Loopholes, Senate Democrats, Tax Code Reform, Government Shutdown, Medicare, House Gop Budget, Chuck Schumer, House Republicans, 2011 Fiscal Year Budget, Center for American Progress, Politics News

WASHINGTON -- Hours before the Senate is slated to hold a pair of doomed votes on extending government funding, Sen. Chuck Schumer (D-N.Y.) argued on ...

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Liberal Tea Party? U.S. Uncut Disrupts Service At Bank Of America

HuffingtonPost.com | Lucia Graves | Posted 05.25.2011

Read More: Bank Protests, Demonstrations, Wall Street Bailout, Auterity, Wisconsin, California Budget Cuts, Budget Cuts, Bank of America, Budget, Jerry Brown, Bofa, Tax Loophole, Fiscal Austerity, Wisconsin Protests, Tax Loopholes, Protest, Corporate Income Tax, Rally, 112th Congress, Banks, Wall Street Crisis, Austerity Measures, Corporate Tax Loopholes, Wall Street, Rick Scott, Corporate Tax Loophole, US Uncut, Business News

Demonstrators posing as a liberal Tea Party disrupted service at banks across the country on Saturday, in an effort to spotlight the gimmicks multi-bi...

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