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Showing blog posts tagged with corporate loopholes

Yeah, We're Subsidizing CEO Pay, Too

Yeah, We're Subsidizing CEO Pay, Too

Many of the same major restaurant chains that are fighting against raising wages and improving benefits and work conditions for their employees are exploiting tax loopholes to have government heavily subsidize excessive CEO compensation, according to a new report from the Institute for Policy Studies (IPS), Restaurant Industry Pay: Taxpayers' Double Burden

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Trumka Says Wall St. Has Not Been Asked to Contribute a Dime in the Name of 'Shared Sacrifice,' Revenue Neutral Tax Reform Is 'Offensive'

Photo by Kevin Dooley/Flickr

AFL-CIO President Richard Trumka called on corporate America today to pay its fair share, saying, "At a time when the 1% have demanded so much sacrifice from working people in the name of deficit reduction, we must ask something of big corporations. That means “revenue positive” corporate tax reform that raises significant amounts of new tax revenue."

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Join Us Feb. 14 in National Call-In Day to Stop Fiscal Showdown Déjà Vu

Join Us Feb. 14 in National Call-In Day to Stop Fiscal Showdown Déjà Vu

Do you want to protect Social Security, Medicare and Medicaid from benefit cuts? Do you want to close tax loopholes for the wealthy and corporations so they pay their fair share? Do you want to stop another Republican-manufactured fiscal crisis that would imperil the fragile economic recovery and cost as many as 1 million of America's workers their jobs?

Then join us in a National Call-In Day to Congress and tell your lawmakers:

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Sen. Whitehouse: Use $1 Trillion in Tax Reform to Stop Sequestration

Sheldon Whitehouse. Photo courtesy of the United States Senate.

In just a few weeks, the nation will be facing yet another manufactured fiscal crisis when a series of harsh across-the-board federal spending cuts in education, defense and all government operations go into effect unless Congress repeals them. 

Known as “sequestration,” economists say these cuts would imperil the fragile economic recovery and cost as many as 1 million of America's workers their jobs. Yet Republicans are making threats to let those cuts take effect on March 1 unless Social Security, Medicaid and Medicare benefits are cut or drastic cuts are made to vital services.

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BizVizz: New Free iPhone App Makes Tracking Corporate Taxes and Government Subsidies Easy

BizVizz: New Free iPhone App Makes Corporate Taxes and Campaign Donations Easy to Track

If you have an iPhone, make sure you take a minute to download the new free app, BizVizz. BizVizz people track taxes, government subsidies and political campaign donations of major corporations. Once you download the app, simply enter a company’s name or snap a picture of its logo and then the company information pops up. Future developments include creating an Android version of the app and expanding the catalog of corporate information. 

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Some in the Media Disappointed Social Security, Medicare and Medicaid Were Spared from Cuts

Despite the fact that the majority of people across party lines oppose benefit cuts to Social Security, Medicare and Medicaid, some media pundits lamented that President Obama did not push these harmful cuts in the recent so-called fiscal cliff agreement. 

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'Fix the Debt' Is a Front Group for CEOs Who Don't Want to Pay Their Taxes

Fix the Debt: Watching out for CEOs, not you.

We've reported for several months now the "Fix the Debt" group is a Trojan horse. It cynically calls for cuts to Social Security, Medicare and Medicaid benefits (in the name of "deficit reduction") while advocating for lower taxes for corporations and businesses that ship jobs overseas. 

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RATE Coalition Channels George Orwell's '1984' in Call for Lower Corporate Taxes

Photo courtesy Michael Fleshman

A group of corporate CEOs, known as the Reforming America's Taxes Equitably (RATE) Coalition, sent a letter to Congress asking for the corporate tax rate to be lowered. CEOs from 17 of the largest U.S. companies say, in the letter, that the corporate tax rate of 35% is the highest of any industrialized nation and that it leaves American companies unable to compete.

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‘Small’ NFIB Gets GOP Funders’ Big Bucks

Read ‘Small’ NFIB Gets GOP Funders’ Big Bucks' at

David Groves of The Stand, a project of the Washington State Labor Council (WSLC) and its affiliated unions, sends us "‘Small’ NFIB Gets GOP Funders’ Big Bucks."

The National Federation of Independent Business (NFIB) promotes itself as a “non-profit, non-partisan organization” that is “the leading small business association representing small and independent business.”

For a business group so focused on “small” it says it twice, the NFIB reportedly gets a lot of its funding from the biggest names in Republican politics, including Karl Rove and the Koch brothers. As for the “independent” part, the NFIB’s political and legislative agendas at both the national and Washington state levels align closely with the Republican Party and big—not small—corporate interests.

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Join Tax Day Actions: Demand Corporations and Wealthy Pay Their Fair Share

Photo by Pameladrew212/Flickr

Are you tired of the 1 percent and big corporations gaming the tax system and loopholing their way to a tax bite that’s lower than what most of us honest working people pay? Take action on Tax Day tomorrow by joining working families and community, faith and other activists to demand that the 1% and corporations pay their fair share. Click here to find a Tax Day action near you.

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