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Tax Loopholes

Push for Progress: Children Cannot Wait

Marian Wright Edelman | Posted 02.06.2015 | Politics
Marian Wright Edelman

So many children have lost ground as the trumped-up fear of excessive debt children did not cause has been used by some in Congress to cut safety net programs we know work.

New Year, Fresh Start: Congressional Dos and Don'ts

Jaimie Woo | Posted 01.20.2015 | Politics
Jaimie Woo

Another year has come and gone, and 2015 presents an opportunity to start fresh. With that in mind, it's time for the newly minted 114th Congress to make the right choices for the public's interest in its New Year's resolutions, and making the tax code fairer is a good place to start.

Could Repealing "Corruption Taxes" Be the Democrats' Secret Weapon?

Al Lewis | Posted 01.08.2015 | Politics
Al Lewis

These giveaways could be called "corruption taxes." The definition of a "corruption tax" is a transfer of wealth to the very rich that no honest congressperson would support if campaigns were publicly financed.

The Eight Ugly Scars of Runaway Inequality

Les Leopold | Posted 01.05.2015 | Politics
Les Leopold

America is the richest country in all of history. We have the largest economy and the largest number of millionaires and billionaires. At the same time, however, we lead the developed world in economic inequality.

Fight for Our Progressive Vision

Sen. Bernie Sanders | Posted 12.29.2014 | Politics
Sen. Bernie Sanders

Poll after poll shows that the American people support a progressive agenda that addresses income and wealth inequality, that creates the millions of jobs we desperately need, that raises the minimum wage, that ends pay discrimination against women, and that makes sure all Americans can get the quality education they need.

The Country Has Spoken

Jaimie Woo | Posted 02.07.2015 | Politics
Jaimie Woo

Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

Give Americans a $2,000 Check From 'Deferred' Corporate Taxes

Dave Johnson | Posted 01.19.2015 | Business
Dave Johnson

Instead of making a "deal" on deferment and letting the corporations just keep this money they owe us, let's fix this loophole and give most of this tax money to the 242 million adult U.S. residents. What's left over (and there might be a lot -- as much as $215 billion) can be used to fix our infrastructure and other priorities.

How the Lame Ducks Can Strike Back

Al Lewis | Posted 01.10.2015 | Politics
Al Lewis

The lame duck session gives ousted legislators a chance to do something they dare not have done before the election: propose legislation that actually benefits constituents even if it means upsetting contributors.

Unfair Tax Policies Still Throwing Small Businesses for a Loop

John Arensmeyer | Posted 12.17.2014 | Small Business
John Arensmeyer

Some work has been done recently to address tax loopholes for large corporations, such as the notorious corporate tax inversions, which put small businesses at a disadvantage, but more needs to be done to help level the playing field for small businesses.

Obama Administration To Take Action Against Tax-Avoidance Inversion Deals

AP | JOSH LEDERMAN and JIM KUHNHENN | Posted 11.22.2014 | Politics

WASHINGTON (AP) — The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American compa...

Inequality for All: The Republican Goal

Gerry Myers | Posted 11.09.2014 | Politics
Gerry Myers

By continuing to cater to the rich who don't want to impose reasonable regulations on Wall Street, Republicans continue to propel the injustices of the past. The corruption and the fraud that made the rich richer and collapsed our economy continues to be unrestrained.

John Boehner And Top Republican Profit From Corporate Inversions

The Huffington Post | Sam Levine | Posted 08.27.2014 | Politics

House Speaker John Boehner (R-Ohio) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) personally profited from a corporate tax loophole ...

Alexander C. Kaufman

How Americans Scared Walgreens Out Of A $4 Billion Tax Dodge

HuffingtonPost.com | Alexander C. Kaufman | Posted 08.08.2014 | Business

Walgreens just rocked the boat for companies fleeing U.S. soil to avoid paying taxes. Walgreen Co., the drugstore chain's parent company, announced...

Perhaps We Need Corporate 'Loyalty Oaths'

Dave Johnson | Posted 10.05.2014 | Business
Dave Johnson

We have drifted very far from our understanding of the relationship that is supposed to exist between We the People, our government, and the businesses that our government allow to exist.

No More Subsidizing Corporate Tax Cheats

Rep. Rosa DeLauro | Posted 09.28.2014 | Politics
Rep. Rosa DeLauro

Too many American corporations have recently sought to renounce their corporate citizenship and reincorporate as a citizen of another country in order to avoid paying a fair share of taxes. The technical term for this practice is an "inversion," but it really is a perversion of our tax laws.

Obama: Offshore 'Tax Inversions' Are Unpatriotic

AP | Posted 07.26.2014 | Politics

WASHINGTON (AP) — President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. ...

Inverted 'Patriotism'

Lisa Gilbert | Posted 09.06.2014 | Politics
Lisa Gilbert

Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.

How Your Tax Dollars Subsidize Walmart Executives' Paychecks

The Huffington Post | Jillian Berman | Posted 06.04.2014 | Business

While Walmart customers suffer from government belt-tightening, Walmart executives thrive on government tax breaks. It's good to be rich. Over the...

Michael McAuliff

WATCH: Republicans Pass 'Twinkie Subsidy' In Tax Break Package

HuffingtonPost.com | Michael McAuliff | Posted 05.29.2014 | Politics

WASHINGTON -- Democrats charged Republicans with passing a "Twinkie subsidy" in a package of tax breaks Thursday that will add $304 billion to the def...

Michael McAuliff

House GOP Backs Tax Breaks That Add $300 Billion To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 05.30.2014 | Politics

WASHINGTON -- The House Ways and Means Committee pushed ahead a set of tax breaks Thursday that would add another $304 billion to the deficit over 10 ...

Congress Should Keep Lights Off on Tax Package That Nets GE Billions in Tax Breaks

J. David Cox Sr. | Posted 06.02.2014 | Politics
J. David Cox Sr.

Sometimes, the inability of Congress to get things done is a blessing in disguise -- like, for example, failing to renew a bevy of tax breaks that overwhelmingly benefit big corporations and wealthy individuals.

Ben Hallman

If GE Gets Its Way, The U.S. Government Could Lose $62.5 Billion

HuffingtonPost.com | Ben Hallman | Posted 04.01.2014 | Business

When it comes to squeezing big rewards from obscure provisions of the tax code, General Electric leaves nothing to chance. Over the past two years...

Extend Emergency Unemployment Insurance Benefits Now!

Marian Wright Edelman | Posted 02.26.2014 | Politics
Marian Wright Edelman

Most Americans are wrapping up their holiday celebrations and pondering the promise of 2014. But millions of Americans who have been struggling the longest to find work in our slowly recovering economy are now facing deep uncertainty and despair instead of a Happy New Year.

Time for a Holiday That Brings Full Employment

Munir Moon | Posted 02.07.2014 | Politics
Munir Moon

By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.

Twitter Ready To Become The Tax-Dodging Club's Newest Member

The Huffington Post | Jillian Berman and Ben Hallman | Posted 11.05.2013 | Business

Twitter has yet to earn a profit, but if it ever does, the company could use a legal loophole to avoid paying taxes on millions of dollars. The mi...