Rep. Paul Ryan (R-Wis.) released the Republican budget plan today that can be described best by the famous quote from baseball philosopher Yogi Berra, “Déjà vu all over again.” Yep, it’s the same old tired—uh, we’ll call it stuff—Ryan and the Republicans have been trying to peddle for years.
Corporations and their allies on Capitol Hill claim that if corporate tax rates were lowered, it would be a boon to the economy, with much of the tax savings fueling a U.S. job creation boom. The only problem with that theory is that there is no evidence to support it. In fact, a new study finds quite the opposite.
Leading up to Tax Day, April 15, Americans for Tax Fairness (ATF) is calling attention to 10 corporations that are dodging paying their fair share of taxes. We are releasing a set of Corporate Tax Dodger Baseball Cards because these companies are as skilled as baseball pros. Be sure to collect all 10 and see what makes these companies professional tax dodgers.
Working families aren't fooled. There's nothing "fair and balanced" about the Bowles-Simpson budget plan that would ultimately increase unemployment, cut Social Security benefits, tax workers’ health benefits and scapegoat federal employees while giving more tax breaks for sending jobs overseas and lowering tax rates for Wall Street and the wealthiest 2%. Yesterday, Rep. Kurt Schrader (D-Ore.) introduced an amendment to H.R. 444, that would direct President Obama to follow the budget recommendations of Erskine Bowles and Alan Simpson, known as the Bowles-Simpson plan.
Maybe you’ve heard of it—the CEO campaign to “Fix the Debt." With a $60 million war chest and the blessing of more than 80 CEOs of America’s biggest corporations, “Fix the Debt” is passing itself off as a reasoned call for compromise to save the nation from economic disaster. But as this new infographic and a recent study show, the companies behind Fix the Debt stand to gain $134 billion from one of the tax breaks they are promoting. Not just any tax break, mind you, but a new tax incentive for corporations to send U.S. jobs overseas.
This morning in Carnegie, Pa., union activists and allies were on hand to greet Republican vice presidential candidate Paul Ryan to protest his and Mitt Romney’s plan to end Medicare as we know it and shower even more tax breaks on the wealthy and corporations, with working families footing the bill.
In a pre-emptive strike for the truth yesterday, economic activists and patriotic millionaires, “prebutted” today’s speech by U.S. Chamber Commerce President Tom Donohue outlining the 1%’s so-called jobs agenda. Hundreds rallied outside the Chamber’s headquarters in Washington, D.C., yesterday before marching down H Street.
If you listen to anti-worker politicians on the right, you’d think the answer to the nation’s ills lies in tax cuts, and not just the extension of the Bush tax cuts for America’s wealthiest human citizens. Corporate tax cuts are often hailed as the solution to America’s jobs crisis.