Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with taxes

Walker to Sign Budget at Tax Evader’s Business

This just in: Walker must have felt the heat—he canceled the bill signing at Badger Sheet Metal Works and will be signing it elsewhere.

When Wisconsin Gov. Scott Walker (R) signs his budget bill, he will put pen to paper in a ceremony at a business owned by a convicted tax evader, reports Think Progress. The Wisconsin Budget Project says Walker’s budget includes $2.3 billion in tax cuts for corporation and the wealthy over the next 10 years.

Read more and comment »

Corporations Get Tax Refunds, the Wealthy Get Tax Breaks

Two quick hits here on how the rich aren’t like you and me.

From 2008 to 2010, a sample of major corporations showed they earned $173 billion in combined profits—yet not only did they not pay taxes, but they actually got money back from the federal government in the form of tax benefits. In the study, Citizens for Tax Justice (CTJ) looked at a dozen major corporations and analyzed their profits and their effective federal corporate income tax rates between 2008 and 2010.

Read more and comment »

What Kind of Governor Creates Lower Economic Growth?

A new study verifies what union members have been saying about the debate over ways to generate economic growth–you have to spend more to grow and who you vote for matters.

In Do State Fiscal Policies Affect State Economic Growth? Tulane University economist James Alm and Janet Rogers of Nevada’s Department of Budget and Planning tracked 50 years of data on the impact of state tax and spending policies. They found states that spend more  have more economic growth than states than tighten their budgets. 

Read more and comment »

Report: Boehner’s ‘Territorial Tax’ Scheme Would Cost More Jobs

Even as millions of U.S. workers can’t find a job and corporate profits are through the roof, House Speaker John Boehner has proposed a change in the tax system that will shrink the job pool even more. Boehner’s suggestion to exempt U.S corporations from paying taxes on offshore profits would give companies even more incentive to move jobs overseas, according to a new report.

Read more and comment »

Tell Obama, Senate: We Need Fair Budget, Not Robin Hood in Reverse

It was no surprise when House Republicans stood together last week and used their majority muscle to pass—without a single Democratic vote—their Robin Hood in Reverse budget plan that privatizes Medicare, cuts corporate taxes and taxes for the wealthy, cuts Medicaid funding, repeals health care reform and slashes up to 2 million jobs.

Read more and comment »

Tell Corporate Tax Dodgers: Pay Up!

As part of the Tax Day: Make Them Pay mobilization, the AFL-CIO community affiliate Working America is urging people to tell Congress to close the corporate tax loopholes that allow companies like ExxonMobil to rake in $19 billion in profits in 2009 and yet pay no federal income taxes—and instead, get a $156 million rebate from the Internal Revenue Service (IRS). You can tell these corporate tax scofflaws to pay up—click here.

Read more and comment »

Taxes Go Down for the Wealthy, Income Gap Worsens

Just in time for April 15, new data shows that since 1979, the nation’s overall average tax rate—the share of income paid in taxes—has fallen slightly, but for those at the top of the earnings ladder, this share has fallen dramatically. The analysis by the Economic Policy Institute (EPI) also points out:

At the same time that the tax burden has shifted away from the wealthy, this same top income group has enjoyed massively disproportionate income gains. Between 1992 and 2007, a time in which income for the average household and top one percent grew 13 percent and 123 percent, respectively, the income for the top 400 households grew fully 399 percent.

Read more and comment »

Take Action

Sign the Pledge for a Road Map to Citizenship

Sign the pledge to fight for a common-sense immigration process that creates a road map to citizenship for aspiring Americans.

Click here »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr
  • RSS

Are you a union member?


*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online