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Tax Breaks

Senate Advances Bill To End Tax Breaks For Companies That Outsource

AP | STEPHEN OHLEMACHER | Posted 07.23.2014 | Politics

WASHINGTON (AP) — The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. ...

Michael McAuliff

House Votes For Tax Breaks To Add $287 Billion More To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 07.11.2014 | Politics

WASHINGTON -- The GOP-led House of Representatives embraced a former stimulus measure Friday, voting to make it and another related tax cut permanent,...

Koch Network, Fossil-Fuel Front Groups Lobby Congress Against Wind-Energy Tax Breaks

Gabe Elsner | Posted 06.30.2014 | Green
Gabe Elsner

The Koch-brothers-funded Americans for Prosperity spearheaded a letter claiming that 117 organizations oppose reviving wind-energy tax breaks that expired at the end of 2013. The Energy and Policy Institute discovered that a majority of the groups have ties to the Koch brothers or other fossil-fuel interests.

Friday Talking Points -- Selenofriggatriskaidekaphobics Unite!

Chris Weigant | Posted 06.13.2014 | Politics
Chris Weigant

Iraq is self-destructing. This led the Wall Street Journal to call for a few airstrikes and some American paratroopers to fix the problem, because we all know how well that turned out the last time, right?

Michael McAuliff

GOP Passes Deficit-Hiking Tax Cuts, Accuses Dems Of Irresponsibility

HuffingtonPost.com | Michael McAuliff | Posted 06.12.2014 | Politics

WASHINGTON -- The word “certainty” trumped the word “deficit” Thursday as the House of Representatives passed the next two tax breaks in a ser...

Will We Let Congress Hand Billion$ More to Big Corporations?

Dave Johnson | Posted 06.12.2014 | Business
Dave Johnson

The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.

WATCH: Congressman Gets Mad After Finding Out Americans Are Less Charitable Than He Thought

The Huffington Post | Michael McAuliff | Posted 06.02.2014 | Politics

WASHINGTON -- Some politicians have a hard time resisting the urge to declare the U.S. is No. 1, no matter what pinnacle they're asserting the country...

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 ...

GOP Is All Talk, No Walk on Fiscal Responsibility

Rep. Sandy Levin | Posted 07.02.2014 | Politics
Rep. Sandy Levin

The House Ways and Means Committee voted this week to add $310 billion to the U.S. deficit by making permanent six tax credits for businesses. To put their fiscal irresponsibility into context, $310 billion represents half of the entire federal deficit this year -- which is the lowest it has been since President Obama took office.

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.

Why Do People Vote Against Their Own Best Interests?

Gerry Myers | Posted 06.21.2014 | Politics
Gerry Myers

Both women and men should vote for elected officials whose actions show that they have the best interests of the citizens and country in mind, but for some reason, they don't.

Starbucks Vows To Clean Up Its Act

Reuters | Posted 06.16.2014 | Business

* Move follows widespread criticism over low tax contributions * The UK is a great place to do business, says Starbucks EMEA boss ...

Paying Your (Un)Fair Share on Tax Day

Martha Burk | Posted 06.13.2014 | Politics
Martha Burk

We keep hearing that if corporations have to pay more taxes, the economy will suffer, because they won't hire more workers. Well, if you hadn't noticed, for the last five years they've hardly been on a hiring spree.

Taxation Without Representation 2014

Courtney McKinney | Posted 06.09.2014 | Politics
Courtney McKinney

I know it does not bode well that at 24 I am this jaded about the political process. I have had enough of politicians not listening to me and the rest of us while they continue to act as they please.

Camp Roadmap to Paying for Extenders

Chuck Marr | Posted 05.05.2014 | Politics
Chuck Marr

House Ways and Means Chairman Dave Camp's tax reform plan hasn't generated a groundswell of support for comprehensive tax reform this year, but it off...

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 ...

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.

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.

Congress Must Avoid Partisanship To Tackle Key Issues In 2014

Reuters | Posted 03.07.2014 | Politics

WASHINGTON, Jan 5 (Reuters) - The U.S. Congress begins its legislative year on Monday with an emphasis on economic and fiscal affairs, including leg...

Congress Letting 55 Tax Breaks Expire At Year's End

AP | STEPHEN OHLEMACHER | Posted 12.31.2013 | Politics

WASHINGTON (AP) — In an almost annual ritual, Congress is letting a package of 55 popular tax breaks expire at the end of the year, creating uncerta...

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...

Exposing the Big Money in Tax Breaks

Mattea Kramer | Posted 11.17.2013 | Politics
Mattea Kramer

The federal government devotes more than $1 trillion -- that's $1,130,000,000,000 -- to something that gets almost no oversight or debate. What's this trillion-dollar secret project? Tax breaks.

50 Years Of Secrecy, Courtesy of Max Baucus

Chris Weigant | Posted 07.31.2013 | Politics
Chris Weigant

Senator Max Baucus has decreed a minimum 50 years of secrecy for negotiations over revamping the federal tax code. It's not the information itself that must remain under lock and key, but which senator is supporting what massive corporate giveaway -- that's what has to remain secret.

Study Reveals Staggering Cost Of Tax Breaks For Wealthy

Reuters | Posted 07.29.2013 | Politics

* Top 20 pct of earners get half the benefit of top breaks * Tax breaks on capital gains favor the wealthy * Study favor...