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Corporate Tax Breaks

Yes, Allan Sloan: All Companies Hate All Taxes, And No They Have No Conscience

Martin Luz | Posted 07.08.2014 | Business
Martin Luz

Nations must have larger interests at heart than the narrow arbitrage interests of corporations that act like economic pirates. You can pay the ransom, but they'll still make you walk the plank

If California's Poor Just Formed a Corporation, They'd Be $420 Million Richer

John Hrabe | Posted 07.07.2014 | Politics
John Hrabe

There's finally a state budget surplus, and it's reserved for an out-of-state corporation, not the 9 million people living in poverty. Under total Democratic control, California has just approved $420 million in corporate tax breaks for defense contractor Lockheed Martin.

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...

Ben Hallman

Congress Takes From The Poor, Gives To The Corporate Rich

HuffingtonPost.com | Ben Hallman | Posted 05.16.2014 | Business

The most dysfunctional Congress in U.S. history has finally found something that can attract bipartisan support: an expensive package of tax breaks th...

Tax Extenders: Fiscal Hypocrisy in Motion

Jared Bernstein | Posted 07.01.2014 | Politics
Jared Bernstein

For all the clamoring about fiscal rectitude, when it comes to helping their friends, it's business, as in corporate tax breaks, as usual.

The Big Fix: How Congress Rigs the Rules

Robert L. Borosage | Posted 06.28.2014 | Politics
Robert L. Borosage

This week, the House Ways and Means Committee is poised to demonstrate exactly how the rules get rigged. Beginning on Tuesday, the committee will mark up a series of bills on corporate tax breaks -- known as "extenders" because they have been extended regularly every year or two for over a decade.

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...

Analysis: Boeing Paid No Federal Income Tax Last Year

The Huffington Post | Jillian Berman | Posted 02.20.2014 | Business

One of the largest recipients of federal government contracts paid nothing in taxes last year, according to an analysis from the Center for Effective ...

Dear Boeing: Next Time, Try Benevolence

Carla Seaquist | Posted 04.07.2014 | Business
Carla Seaquist

After a cliff-hanger of a union vote, Boeing will stay here in Washington state. But the joy is not universal and it's not deep, and who knows how long it will last? Lingering in the craw are Boeing's hardball, take-it-or-we-leave-the-state tactics.

Ten Examples of Welfare for the Rich and Corporations

Bill Quigley | Posted 03.16.2014 | Politics
Bill Quigley

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

Illinois Democrats Wage Class War

Carl Gibson | Posted 02.10.2014 | Chicago
Carl Gibson

Try and name one difference between the policies of Wisconsin Governor Scott Walker and Chicago Mayor Rahm Emanuel that isn't of importance to evangelicals -- I'll wait.

Jillian Berman

The Biggest Tax Break In U.S. History May Not Be Enough For Boeing

HuffingtonPost.com | Jillian Berman | Posted 11.18.2013 | Business

Earlier this week, the legislature in Washington state agreed to give Boeing $8.7 billion in tax breaks through 2040 in an attempt to convince the co...

Ben Hallman

Tax Loophole Stays Wide Open For JPMorgan

HuffingtonPost.com | Ben Hallman | Posted 11.07.2013 | Business

Two senators introduced legislation on Wednesday to close a loophole that lets companies claim tax deductions on penalties and fines they pay the fede...

Should Illinois Part With $20 MILLION To Keep This Company?

AP | MICHAEL TARM | Posted 10.02.2013 | Chicago

CHICAGO -- CHICAGO (AP) — A bid by Archer Daniels Midland Company for $20 million in state tax breaks as it decides whether to keep its global headq...

The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

Robert Reich | Posted 10.05.2013 | Business
Robert Reich

Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they're lies. You need to know why so you can spread the truth.

Corporate Tax Reform Receives Big Push

Reuters | Posted 09.18.2013 | Business

By Tom Bergin and Maya Dyakina LONDON/MOSCOW, July 19 (Reuters) - The G20 backed a "fundamental" rethink of the rules ...

4 Ways GOP Governors Wage Class War

Carl Gibson | Posted 08.21.2013 | Politics
Carl Gibson

The cruel process of depriving state governments of necessary funds to reward the corporate elite is nothing but class war. The class warrior governors who took office in 2010 like Walker, Snyder and Corbett are all up for re-election next year.

Mark Gongloff

U.S. Companies Lobbying Furiously To Save Tax Loopholes

HuffingtonPost.com | Mark Gongloff | Posted 06.18.2013 | Business

Corporate America worked hard to build massive loopholes into the tax code for itself, and by golly it is working just as hard to keep them. U.S. c...

Lowering Corporate Tax Rate Likely WON'T Help The Economy

The Huffington Post | Caroline Fairchild | Posted 06.05.2013 | Business

Apple and Google are among the many corporations to have argued that America's high corporate tax rates discourage companies from bringing offshore pr...

Tim Cook To Get Grilled

AP | By MARCY GORDON and PETER SVENSSON | Posted 07.21.2013 | Business

WASHINGTON (AP) — Now that tech favorite Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping t...

Global Capital and the Nation State

Robert Reich | Posted 07.20.2013 | Business
Robert Reich

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. "competitive."

8 Outrageous Corporate Tax Loopholes

The Huffington Post | Jillian Berman | Posted 05.01.2013 | Business

Even though corporate tax breaks cost the U.S. government billions every year, the particulars of how they work remain a mystery to many Americans. Th...

Report Reveals Staggering Cost Of Corporate Tax Breaks

Reuters | Posted 06.15.2013 | Business

* GAO says corporate tax break costs jumps * April 15 deadline for lobbyists to submit comments on revamp * Corporate i...

Focus on Tax Incentives Throws New Jersey's Approach to Jobs Out of Balance

Gordon MacInnes | Posted 06.11.2013 | New York
Gordon MacInnes

What's our problem? If you listen to the state's leaders, the explanation is that New Jersey's taxes are too high and its government too big. If we just cut both tax rates and public services, the state will bounce back. At least that's what we're told... over and over again.

Mark Gongloff

Companies That Pay Little In Taxes Whine For Lower Rates

HuffingtonPost.com | Mark Gongloff | Posted 04.01.2013 | Business

America's corporate giants didn't get where they are by sitting back and accepting the status quo, people, which is why paying next to nothing in taxe...