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Taxpayers

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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Why Our Tax Code is So Complicated

Hale "Bonddad" Stewart | Posted 05.14.2009 | Business

Read More: April 15 Tax Day, Taxes, Tax Code Simplification, Tax Code Changes, Tax Cuts, Tax Day, Tax Anti-Avoidance Rules, Taxpayers, Tax Code, Business News
Hale

There are plenty of reasons why the tax code is so complicated -- the length of time tax law have existed, special interest giveaways, and the implementation of anti-avoidance laws.

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CODEPINK Behind Blankfein: "Taxpayers Want Their Money Back"

Medea Benjamin | Posted 05.09.2009 | Business

Read More: Lloyd Blankfein, Codepink, Goldman Sachs, Taxpayers, Economy, Protest, Aig, Business News
Medea Benjamin

I started to ask my questions: "Why should taxpayers reward the failures of Wall Street? Why should we bailout Goldman Sachs?" but they cut off the stage mic.

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Higher Valuation Allowed for Brooklyn Bridge-Backed Derivates

Larry Arnstein | Posted 05.06.2009 | Business

Read More: Assets, Taxpayers, Brooklyn Bridge, Accounting, Citigroup, Business News
Larry Arnstein

According to investment bankers, the Brooklyn Bridge can be assessed at its value at some future time, not precisely estimated, but agreed to be "not soon."

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Taxpayer Money: Banks Take $211 Million In Fees For Bond Auctions That Never Happened

Bloomberg | Darrell Preston | Posted 04.10.2009 | Business

Read More: Taxpayer Money, Taxpayers, Auction Rate Securities, Business News

March 10 (Bloomberg) -- From Carnegie Hall in New York to the Los Angeles bus and subway system, American taxpayers are paying investment banks millio...

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Roosting Chickens

Gary Hart | Posted 03.14.2009 | Politics

Read More: Salmonella Peanut Butter, Investment Banks, Bush Administration, Gary Hart, Economy, Economic Crisis, Bernard Madoff, Madoff Scandal, Taxpayers, Politics News
Gary Hart

What does the unrelated cast of characters featured in this evening's newscast have in common? They all benefited from the tax cuts and deregulation policies of George W. Bush.

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Progressive Agenda Tip #1: Pay Your Taxes

Elizabeth Rigby | Posted 03.06.2009 | Politics

Read More: Taxes, Nancy Killefer, Tax Problems, Progressive Agenda, Tax Returns, President Obama, Progressives, Obama Administration, Timothy Geithner, Taxpayers, Collective Action Problems, Free Riders, Tom Daschle Taxes, Politics News
Elizabeth Rigby

When our leaders, or even our potential leaders, fail to contribute to the collective good, it feeds our lack of faith in them as stewards of the incredible coercive power of government.

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Is it Time for "Job Bonds?"

Hoyt Hilsman | Posted 03.05.2009 | Business

Read More: George Bush, Green Jobs, Shopping, Second World War, Bonds, Employment, Economic Crisis, Jobs, Obama, Green Energy, Taxpayers, Global Economic Crisis, War Bonds, Global Financial Crisis, Economic Stimulus Package, Unemployment, Obama Economic Stimulus Plan, Financial Crisis, Banks, World War II, Economy, Business News
Hoyt Hilsman

As we face another global crisis, maybe it's time to invest in victory over the financial crisis with bonds to create jobs -- call them "job bonds."

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Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 02.27.2009 | Business

Read More: Investments, Debt, U.S. Economy, Economy, Larry Summers, New York Review of Books, Taxpayers, Paul Volcker, Rubinomics, Economic Plans, Investment Banks, Taxpayer Money, Financial Crisis, Financial TImes, Timothy Geithner, Shadow Banking, Taxes, Money, Economic Crisis, Obama Economy, Barack Obama, Paul A. Volcker, US Economy, Npr, Leonard Lopate, Subprime Mortgages, Obama Economic Plan, House of Rubin, Subprime Mortgage Crisis, Banking, Banking Crisis, Banks, Jeff Madrick, Investment Banking, Business News
Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.

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U.S. Taxpayers and The I.R.S. Qualified Intermediary Program

Gary S. Wolfe | Posted 02.27.2009 | Business

Read More: Business News, Taxes, Banks, Irs, Offshore Accounts, Taxpayers, Qualified Intermediary Program, Business News
Gary S. Wolfe

U.S. Prosecutors allege UBS deliberately abused the Qualified Intermediary Program ("QI Program"), selling offshore banking services to U.S. Taxpayers to evade taxes.

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Too Big to Succeed

John Standerfer | Posted 02.23.2009 | Business

Read More: The Internet, The Great Depression, Fdic, Bankruptcy, Money, Economy, Bank of America, Websites, Venture Capital, Capitalism, Facebook, Taxpayers, Dotcom Crash, Superbowl Ads, Dot-Com Bust, Super Bowl Ads, Taxpayer Money, Youtube, Banks, Dotcom Boom, Dot-Com, Technology, Silicon Valley, Great Depression, Business News
John Standerfer

What we don't appear to understand yet is that no amount of money, time or regulation can possibly resolve this problem while a few banks continue to hold the entire nation hostage.

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Manufacturing a Dream and a Recovery

Scott Paul | Posted 02.22.2009 | Politics

Read More: Infrastructure, Economic Stimulus, American Manufacturing, Taxes, U.S. Economy, Economy, Economic Crisis, Manufacturing, Community Organizer, Jobs, Credit Crisis, Taxpayers, Barack Obama, Manufacturing Jobs, US Economy, Obama Economic Stimulus Plan, Economic Stimulus Package, Wall Street Crisis, Job Cuts, Wall Street, Chicago, South Side of Chicago, Community Organizing, American Jobs, Housing Bubble, Politics News
Scott Paul

If the destruction of capitalism and the arc of history were responsible for American manufacturing's steep decline, there would be a legitimate debate about whether it's worth saving.

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You Are a Whole Different Person When You Are Scared

Val Strange | Posted 01.28.2009 | Politics

Read More: Holidays, New Year's Eve, Depression, Baby Boomers, Fear, The Great Depression, Hope, Economy, Medical, Democracy, Taxpayers, Election, Death, Chris Shays, American Experiment, Politics, History, Scared, Dreams, Uninsured, Bailout, Christmas, Foreclosure, Family, American Dream, Politics News
Val Strange

The cancer of our sick economy already metastasized to the bone, but analysts are hard-pressed to diagnose the current conditions akin to the Great Depression.

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Poll: Auto CEOs Not Worth $1 a Year

Andy Borowitz | Posted 12.08.2008 | Politics

Read More: Congress, Andy Borowitz, Big Three Automakers, Chrysler, General Motors, Bailout, Cars, Ford, Taxpayers, Politics News
Andy Borowitz

The proposal by the CEOs of the Big Three to work for $1 a year has gone over like a lead balloon with taxpayers, with a clear majority believing that the car bosses do not deserve such a bloated salary.

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At Last, It Begins: Real, Substantive Debate on 2009 Climate Legislation

Dan Rosenblum | Posted 12.26.2008 | Green

Read More: Payroll Taxes, T. Boone Pickens, Energy Prices, Carbon Emissions, Carbon Tax, Al Gore Climate Change, 2009 Climate Legislation, President-Elect Obama, Obama Climate Change, Taxpayers, Carbon Emissions Economy, Curb Emissions, Green News
Dan Rosenblum

If introducing a new tax on carbon seems like a quixotic political battle in a time of historic economic and fiscal crisis, then you're out of touch. The crisis has in fact given it a big boost.

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Attorney General Mukasey Has Cost Taxpayers $155,800 For Private Trips

McClatchy Washington Bureau | Marisa Taylor | Posted 12.01.2008 | Politics

Read More: Michael Mukasey, Corruption, Private Trips, Taxpayers, Attorney General, Politics News

WASHINGTON -- Attorney General Michael Mukasey has taken personal trips on government jets almost every weekend since he took office less than a year ...

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Default Swaps and Denuded Swamps

Jeff Schweitzer | Posted 11.29.2008 | Green

Read More: Environmental Crisis, Wake Up Call, Subprime Lending, November 5, Climate Change, Environment, Crisis, Obama, 1 Trillion, Taxpayers, Wall Street, Self Destruction, Financial Meltdown, Global Warming, Ponzi Scheme, Green News
Jeff Schweitzer

After eight years of neglect, climate change requires immediate attention. Let us respond with urgency, with humility, and with an eye on Wall Street as a reminder of our errant ways.

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The Next Fight

Robert L. Borosage | Posted 11.14.2008 | Politics

Read More: Economic Stimulus Plan, Investment, Economy, John McCain, Bailout, Taxpayers, Barack Obama, Politics News
Robert L. Borosage

We're going to have to spend a boatload of money - borrow it, deficit spending - to get this economy going. And tax cuts won't do it; we have to rebuild America. Getting this done is the next big fight that the next president will face. Eliminating waste in government spending is a Good Thing (although if the candidates were serious they'd start with the Pentagon budget, the largest source of waste, fraud and abuse, not the domestic side). But we can't duck the reality: we're headed into a deep recession and we're going to need a healthy dose of deficit spending to get out of it.

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Next Time, Tax 'Em

Jay Mandle | Posted 11.10.2008 | Business

Read More: Taxes, Stock Market, Wall Street Crisis, Wall Street, Bailout, Taxpayers, Economy, Stet, Business News
Jay Mandle

One way to downsize the role of Wall Street and help curb its excesses would be a tax on financial speculators, known as a security transaction excise tax (STET).

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26 Days Out: Pay No Attention to the Embarrassingly Horrible Economic Plan Behind the Curtain

Jesse Lee | Posted 11.09.2008 | Business

Read More: John McCain, Corruption, Mortgage, Wall Street Crisis, Bailout, Banking Crisis, David Frum, Taxpayers, Attack Ads, Business News
Jesse Lee

McCain and his campaign spent Wednesday boasting about his latest big, bold, erratic econonomic plan. Then something happened - everybody looked at it and realized it was awful.

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We're Investment Bankers And We're Here To Help

Gregory Bedrosian | Posted 11.07.2008 | Business

Read More: Investment Banks, Investing, Dow Jones, Bailout, Stock Market, Taxpayers, Business News
Gregory Bedrosian

Some advice for our fellow taxpayers in the great financial bail-out.

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Time For a Taxpayers Revolt

Medea Benjamin | Posted 10.30.2008 | Business

Read More: Economy, Indymedia.org, Wall Street Crisis, Bailout, Taxpayers, Recession, Business News
Medea Benjamin

Originally published Sept. 28 on The Indypendent. Congress will be voting this week on the biggest giveaway of our tax dollars to the financial secto...

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Meeting on Hill: Why? The Only Vote Is No!

Charles Karel Bouley | Posted 10.27.2008 | Politics

Read More: Obama, Bailout, Taxpayers, Mccain, Economy, Henry Paulson, Wall Street Crisis, George W. Bush, Politics News
Charles Karel Bouley

I have no doubt Obama has been working on this all along. McCain, well, he woke up this week and found himself and the country in this mess and wanted a time out.

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