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Taxpayers

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 11.01.2009 | Business

Read More: Tarp, Geithner, Hank Paulson, Fdic, Paulson, Economy, Mortgage Crisis, Vikram S. Pandit, Taxpayers, Gmac, Housing Crisis, Recession, Citi, Vikram Pandit, Mortgages, Subprime Mortgages, Wall Street, Bailout, Finance, Common Stock, Treasury, Banks, Timothy Geithner, Citigroup, Business News

OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

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It's Time for Congress to Investigate the Banks

Anna Burger | Posted 10.28.2009 | Business

Read More: Bank of America, Anna Burger, Showdown in Chicago, Bailout, Ken Lewis, Financial Reform, Banks, Financial Crisis, Taxpayers, Seiu, Business News
Anna Burger

What do we do about our broken finance system? We can begin by making sure that the architects of our current economic crisis are investigated, and if necessary, prosecuted for the crash.

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Amtrak Loss Comes To $32 Per Passenger: Study

AP | KEVIN FREKING | Posted 10.27.2009 | Business

Read More: High Speed Rail, Subsidyscope, Amtrak, Train, Taxpayers, Business News

WASHINGTON — U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator's e...

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How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 10.26.2009 | Business

Read More: Geithner, John Thain, Hank Paulson, The Logical Trader, Bush, Bill Gross, Paulson, Bailouts, Economic Crisis, Bank of America, Aig, Obama, Bofa, Taxpayers, Barack Obama, Recession, Mark Fisher, Warren Buffet, Merrill Lynch, Wall Street, Bailout, Finance, Lehman Brothers, Fed, Tim Geithner, Bernanke, Treasury, Banks, Ben Bernanke, Business News

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

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Rich Germans Demand Higher Taxes

BBC NEWS | Posted 10.23.2009 | World

Read More: Taxes, Money, Germany, Germans, Tax Cuts, Taxpayer Money, Taxpayers, German, World News

A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes....

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The Chamber of Commerce's Jobs Deception Campaign

Richard Trumka | Posted 10.15.2009 | Business

Read More: Mortgages, Labor, Wall Street, Lending, Consumer Financial Protection Agency, Afl-Cio, Chamber of Commerce, Capitalism, Taxpayers, Unions, Free Enterprise, Richard Trumka, Business News
Richard Trumka

Unions are popularly known as "the folks who brought you the weekend." In contrast, the U.S. Chamber of Commerce has the distinction of trying to take away a long and ugly list of benefits.

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Passive Bank Directors Pose Systemic Risks

Emma Coleman Jordan | Posted 09.24.2009 | Business

Read More: Bank of America, Disclosure, Merrill Lynch Bonuses, Judge Jed Rakoff, Taxpayer Money, Taxpayers, Business News
Emma Coleman Jordan

A new report finds that an amazing 92 percent of the directors of TARP recipients who were in place before the financial crisis of 2008 still hold their jobs.

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Tea Party Washington D.C. PHOTOS: Conservative Protesters Rally Against Big Government

Huffington Post/AP | Posted 09.13.2009 | Politics

Read More: March on Washington, Tea Party Washington Dc, Taxpayer March, 9/12 March on Washington, Tea Party Washington, Taxpayers, Taxpayer March on Washington, Slideshow, Tea Party Photos, Politics News

SCROLL DOWN FOR PHOTOS FROM TODAY'S RALLY (AP) WASHINGTON — Tens of thousands of people marched to the U.S. Capitol on Saturday, carrying signs...

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Why the President Has Been Losing on Health Care, and What He Needs to Say

Drew Westen | Posted 10.23.2009 | Politics

Read More: Speech on Health Care, Public Option, Roe v Wade, Death Panels, Olympia Snowe, Ronald Reagan, Michael Dukakis, Pension Plans, George Bush, Washington Post, Taxpayers, Economic Recovery, Great Depression, Uninsured, Barack Obama, Chuck Grassley, Al Qaeda, 401k, Bill Clinton, Brown v Board of Education, Health Insurance, Health Care Reform, Fdr, Medicare, Medicaid, Electronic Records, Health Care, Hillary Clinton, Republicans, Politics News
Drew Westen

At this historic moment, the White House has determined that the best way to win the center is to tack right. But sometimes, the best way to win the center is not to move to the center, but to move the center.

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SBA's ARC Loans Are Stimulating the Wrong Businesses

Jerry Chautin | Posted 10.22.2009 | Business

Read More: American Recovery and Reinvestment Act, Banks, Lenders, Taxpayer Money, SCORE Mentor, Sba, Arc Loans, Stimulus, Taxpayers, Karen Mills, Business News
Jerry Chautin

SBA expects 60 percent of its ARC loans to go into default even though principal payments are not due for 12 months. So save this column to help you remember why you should be outraged.

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Get Ready for 'Son' of Stimulus Plan

John F. Wasik | Posted 10.20.2009 | Home

Read More: Job Losses, Recovery, Obama Stimulus Plan, Economic Stimulus Package, Unemployment Rate, State and Local Government, Tax Relief, Congress, CPI (M), Taxpayers, Home News
John F. Wasik

There is visible progress from the stimulus spending. About $60 billion of the $288 billion in promised tax cuts has flowed into the pockets of most middle- and lower-class Americans.

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IRS Could Mine Mortgage To Catch Tax Cheats

Flife | Martin Vaughn | Posted 10.17.2009 | Business

Read More: Taxes, Irs, Tax Cheats, Taxpayers, Mortgage Data, Business News

WASHINGTON -- The Internal Revenue Service will expand a program designed to catch tax cheats that searches for inconsistencies between mortgage payme...

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The Abortion Distortion: Setting The Record -- and John Boehner -- Straight on the Capps Amendment

Jessica Arons | Posted 09.26.2009 | Politics

Read More: Abortion, Lois Capps, John Boehner, Health Care Reform, Government-Funding, Taxpayers, Politics News
Jessica Arons

Abortion is a red herring. Most of the politicians and interest groups who protest abortion coverage in health care reform do not want reform to succeed at all.

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A Message from Whole Foods: Let Them Eat Cake

James P. Hoffa | Posted 09.21.2009 | Business

Read More: John Mackey, Whole Foods, Food, Social Responsibilty, Facebook, Teamsters, Taxpayers, Health Care, Labor Unions, Barack Obama, Unfi, Business News
James P. Hoffa

John Mackey's irresponsible op-ed will no doubt cost Whole Foods dearly in lost customer loyalty. I just hope Whole Foods recognizes that going it alone isn't a feasible way to run a business or a country.

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Eric Cantor Regurgitates Someone Else's Column In Article

Wall Street Journal | Elizabeth Williamson | Posted 09.20.2009 | Politics

Read More: Obama Administration, Rep. Eric Cantor, Taxpayers, Czars, Politics News

There's a hint of deja vu in a column by House Republican Whip Rep. Eric Cantor that ran in the Washington Post on July 30. In the opinion piece, "Ob...

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United States of America vs. UBS: A Step Too Far?

Georges Ugeux | Posted 09.19.2009 | Politics

Read More: Ubs, $780 Million in Fines, Swiss Government, Irs, Swiss Bank, Sarbanes-Oxley Act, Finra, Taxation, Tax Fraud, Taxpayers, Switzerland Banks, Swiss Bank Accounts, Chancellor Angela Merkel, Swiss Banks Secrecy, US Banks, Us-Taxpayers, Tax Evasion, Oecd, Nicolas Sarkozy, Switzerland, British Prime Minister Brown, Tax Havens, Politics News
Georges Ugeux

There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States.

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Dr. Obama, Please Listen to your Patient

Joan E. Dowlin | Posted 09.08.2009 | Politics

Read More: Bank Bailouts, Politicians, President Obama, Health Care Reform, Taxpayers, Tea Party, Stimulus, Barack Obama, Politics News
Joan E. Dowlin

We need time to give the Recovery plan a chance to work. Allow us to heal before tackling such a complex issue as health care. There's time for that later.

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Earmarks Should Require an Itemized Receipt

Rep. Bill Cassidy | Posted 08.16.2009 | Politics

Read More: Rep. Jackie Speier, Anti-Earmarkers, Sunlight Foundation, Earmarks, Nancy Pelosi Earmarks, Taxpayers for Common Sense, Speaker Nancy Pelosi, The Hill, Rep. Bill Cassidy, Taxpayers, Politics News
Rep. Bill Cassidy

Transparency, accountability, and rigorous oversight are the keys to cutting waste, fraud, and abuse in government. They are also the keys to regaining taxpayers' trust.

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Saving Chimps and Tax Dollars

Michael Markarian | Posted 08.02.2009 | Politics

Read More: Ed Towns, Research, Roscoe Bartlett, Jim Langevin, Chimpanzees, Animals, Taxpayers, Dave Reichert, Politics News
Michael Markarian

The Great Ape Protection Act seeks to phase out invasive research on chimpanzees and retire government-owned chimps to sanctuaries.

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War Contractor Funds Peace Institute

William Hartung | Posted 07.26.2009 | Business

Read More: Military, U.S. Institute of Peace, Lockheed Martin, Taxpayers, Budget, Business News
William Hartung

Lockheed Martin, the world's largest weapons contractor, made a $1 million donation to the United States Institute of Peace.

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Congress, the F-22 and the Monkey on Our Back

Lorelei Kelly | Posted 07.24.2009 | Politics

Read More: Congress, F22, Barney Frank, Addiction, Senate Armed Services Committee, Army Rangers, Taxpayers, Air Force, Gallup, New Mexico, House Armed Services Committee, Afghanistan War, Iraq War, Bosnia, Alcoholism, Haiti, Veto, Somalia, Defense Spending, Transparency, Politics News
Lorelei Kelly

Anybody who has lived with an addict knows about denial. So it goes with Congress and defense spending. Case in point this week is the F-22, a gold-plated Cold War barnacle.

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Florida Turtle Tunnel Protects Motorists Too

Michael Markarian | Posted 07.21.2009 | Politics

Read More: Tom Coburn, Economic Stimulus Package, Turtles, Florida, Government Waste, Animals, Taxpayers, Ecopassage, Wildlife, Politics News
Michael Markarian

Spending federal money to build a tunnel for turtles is not a fleecing of taxpayers. It's a wise solution to a pressing problem.

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Sam Stein

GM Finally Drops Controversial Jets But Not Without Cost To Taxpayers

HuffingtonPost.com | Sam Stein | Posted 07.17.2009 | Business

Read More: Aircraft Gm, Car Company, Gm Jets, General Motors, Jets Ceos, General Motors Jets, Gm Jet Lease, American Car Companies, Taxpayers, Business News

Six months after General Motors pledged to get rid of its fleet of private jets, the company is poised to finally get the planes off its books. But no...

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How to Fill Yankee Stadium's Pricey Empty Seats

Dave Astor | Posted 05.28.2009 | Comedy

Read More: New York Yankees, Expensive Tickets, Economy, Yankee Stadium, Mom and Pop, Going Green, Studio Apartments, Taxpayers, D-Day, Normandy Invasion, Traffic, Swimming, Grounds Crew, Manhattan, Average Fan, Yankees, Old Yankee Stadium, Ymca, The Village People, Bronx Bombers, Blogging, Taxpayer Subsidies, Infield Dirt, Hits, Recession, Boot Camp, New Yankee Stadium, Luxury Condos, Web, Hot Dogs, Mustard, Internet, Wiretapping, Environment, Omaha Beach, Joe DiMaggio, Internets, Sports, Steinbrenners, Comedy News
Dave Astor

Given that the team's super-rich owners used taxpayer subsidies to help finance their gilded ballpark, it serves them right that they're losing some revenue.

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Surge In First-Time Delinquent Taxpayers

Reuters | Posted 05.14.2009 | Home

Read More: Taxes, Income Taxes, Surge in Tax Delinquents, Tax Issues, Tax Delinquents, Tax Delinquency, Uptick in Delinquents, Taxpayers, Home News

WASHINGTON, April 14 (Reuters) - As a deep recession strips Americans of their jobs, homes and investments, the 2009 U.S. tax season promises to see a...

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