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Tax Revenue

Congress Is Handing U.S. Corporate Taxes To Europe

Jeffrey Sachs | Posted 02.08.2016 | Business
Jeffrey Sachs

In their interest to garner favor with U.S. companies (mainly in search of campaign funds), the U.S. Congress has allowed these companies to escape U.S. corporate taxes by magically declaring that their IP is located in some foreign tax haven.

Time to End the Illinois Hostage Stand-Off

John Bouman | Posted 01.28.2016 | Chicago
John Bouman

Illinois's former Governor Edgar had it right months ago. Edgar characterized current Governor Rauner's refusal to negotiate a budget until he wins concessions on his ideological policy agenda as "hostage taking."

Pot for Pensions

Steve Siebold | Posted 06.07.2015 | Politics
Steve Siebold

Huge municipalities like Chicago and Phoenix are drowning in underfunded pensions. Can tax revenue from legalized marijuana save the day?

Governor Releases Record California Spending Plan

AP | Posted 07.13.2014 | Politics

SACRAMENTO, Calif. (AP) — California's tax windfall lifted Gov. Jerry Brown's spending plan to a record level Tuesday, but the Democratic governor c...

Tax Dodging by Big Businesses Hurts Our Kids and Is Not Sustainable

James P. Hoffa | Posted 03.30.2014 | Business
James P. Hoffa

At a time when more elected officials are turning their attention to income inequality in this country, increasing corporate tax breaks is no way to address it. Workers and their families are struggling to make ends meet. Communities are broken.

Colorado's Crazy Marijuana Tax

Pat Oglesby | Posted 11.07.2013 | Politics
Pat Oglesby

Basing a tax on a fictitious price means no one will ever know the correct tax. Taxpayers will spend time and money trying to beat the system, and government will spend time and money in self-defense.

Zach Carter

Why Democrats Might Cave On Social Security Cuts | Zach Carter | Posted 10.20.2013 | Politics

WASHINGTON -- Sen. Dick Durbin (D-Ill.) on Sunday opened the door to Social Security cuts as part of a budget deal with congressional Republicans. But...

When Tax Reform Means Soaking the Rich

Joseph J. Thorndike | Posted 07.07.2013 | Politics
Joseph J. Thorndike

Tax reform has evolved into one of the emptier platitudes of U.S. politics. Politicians support "tax reform" in the same way that they support "a strong national defense," "fiscal responsibility," and "pro-growth economic policies." It's a brave statement in search of a challenge. Is anyone ever against tax reform?

If You Make More Than $1.3 Million, Watch Out

AP | SARAH DiLORENZO | Posted 05.28.2013 | Business

PARIS — French President Francois Hollande may have finally found a way to tax the really rich: by making their companies pay. In a televised i...

A Way Past the Marijuana Dilemma

Pat Oglesby | Posted 03.18.2013 | Politics
Pat Oglesby

How many billions of tax -- federal and state -- could the marijuana market bear? The official estimate for the new Washington state law is $564 million per year, or about $82 per resident -- not per consumer.

Obama Adviser Warns Republicans On Debt Ceiling Deal

Reuters | Posted 03.11.2013 | Politics

By Jason Lange WASHINGTON, Jan 9 (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue...

Did the IRS Cause the Financial Crisis?

Bradley T. Borden | Posted 12.18.2012 | Business
Bradley T. Borden

The IRS possesses a fearsome audit power that gives it access to records and information that the public and litigants are yet to obtain. It should have used that power more effectively before the financial crisis.

Mr. President: Tweak This!

C.A. Rotwang | Posted 10.10.2012 | Politics
C.A. Rotwang

Remember, we're doing this for the children! Kids, you pay more, get less, and the program is "stronger" and more "modern." So how big are these so-called "tweaks"?

Be Careful What You Cut

Marian Wright Edelman | Posted 10.10.2012 | Politics
Marian Wright Edelman

Right before the U.S. House of Representatives left for the summer to go home to campaign for your vote, they voted to extend the Bush-era tax cuts for the richest Americans millionaires and billionaires.

In Some States, The Tax Man Is Getting Tougher

AP | Posted 07.27.2012 | Business

MONTPELIER, Vt. (AP) — In a story May 27 about states pushing for tougher tax collection enforcement, The Associated Press erroneously reported when...

Cities To Ivies: We Desperately Need Your Money

AP | DAVID KLEPPER | Posted 07.07.2012 | College

PROVIDENCE, R.I. — Wary of tax increases, weary of layoffs and determined to avoid bankruptcy, Providence Mayor Angel Taveras had only to gaze u...

Happy 4/20! 16 Ways Marijuana Affects The Economy

The Huffington Post | Harry Bradford | Posted 04.20.2012 | Business

In honor of 4/20, we had hoped to give you 420 reasons to celebrate. Then we randomly got lazy. So here are, like, 16 reasons instead. Legalizing m...

U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012 | Business

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

The 10 States Taxing The Poor Most

24/7 Wall St. | Charles B. Stockdale | Posted 04.14.2012 | Business

24/7 Wall St.: In an effort to help families work their way out of poverty, most of the United States do not tax the incomes of working-poor families....

State, Local Governments Took Home Most Money In Decades

Reuters | Posted 05.22.2012 | Business

By Lisa Lambert March 22 (Reuters) - State and local government tax revenue rose in the final quarter of 2011 to the highest level on ...

The Big Difference in Next Year's New York City Budget

Maria Doulis | Posted 04.25.2012 | New York
Maria Doulis

Earlier this month, Mayor Michael Bloomberg presented New York City's Financial Plan for the next four years. It demonstrates a stark new reality: there is no large surplus of revenues, as there has been in past years.

Gamblers' Glee: Online Betting Gets A Boost From Washington

Reuters | Jim Wolf and Nicola Leske | Posted 02.24.2012 | Technology

By Jim Wolf and Nicola Leske WASHINGTON (Reuters) - The Obama administration cleared the way for U.S. states to legalize Internet poker ...

Districts File Third Suit Against State Over School Funding

Posted 12.14.2011 | Education

A third group of Texas schools filed suit against the state Tuesday over education funding, alleging that the system of financing public education is ...

Ryan Grim

Wall Street Tax Would Raise $350 Billion | Ryan Grim | Posted 01.07.2012 | Politics

WASHINGTON -- A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine year...

John Boehner: Debt Deal Will Include New Tax Revenues

AP/The Huffington Post | Posted 01.04.2012 | Politics

WASHINGTON -- House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee wil...