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Showing blog posts tagged with corporate profits

Biden Praises Shipyard Workers as ‘Best in the World,’ Cites Apprenticeships, Training

Via Vice President Joe Biden's Twitter account

Vice President Joe Biden called the nearly 5,000 workers at the Portsmouth Naval Shipyard—most of whom are members of unions in the AFL-CIO Metal Trades Department—“the best in the world,” during a visit to the Kittery, Maine, facility Wednesday.

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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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New Study Follows the Money from Wages to Corporate Profits

Photo by RambergMediaImages//Flickr

The money that hasn’t been going into workers’ paychecks while wages have stagnated for decades has been found. It’s been diverted to corporate profits and, according to a new study, that money was rerouted because of a decline in union membership—not the technology and computerization that’s boosted productivity and eliminated jobs.  

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Apple Avoiding Billions and Billions of Dollars in Taxes

Apple Avoiding Billions and Billions of Dollars in Taxes

Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign “subsidiaries” in tax-haven countries and moving jobs and profit centers out of the country. They have accumulated billions upon billions of dollars in these tax havens. Now they want a special tax break to reward them for doing that.

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We Decide How to Share Gains

Last summer, a respected policy expert from the Brookings Institution spoke at a large meeting. He introduced himself, saying that he works with a lot of brilliant economists who can't understand why the recovery is so slow.

Nobel laureate economist Paul Krugman has an explanation,"...corporations use their growing monopoly power to raise prices without passing the gains on to their employees."

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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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5 Reasons Why the Rich and Big Business Need Government

If the bad guys in the classic movie, “Treasure of the Sierra Madre,” had been corporate apologists or obnoxious Trump-like rich tycoons, the classic line about badges might read this way, “Government? We don’t need no stinkin’ government.”  

In a column on AlterNet Paul Buchheit dispels what he calls “the bull of Wall Street” and cites five good reasons why the super-rich and big business may need government more than the rest us.

We regularly hear variations on that theme from the wealthy in the form of the tired old saw “I made it on my own…didn’t need any government help.” Corporate CEO’s and lobbyists rail against rules and regulations that supposedly stifle entrepreneurship and eat profits.

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HBO's 'The Newsroom' Takes on Koch Brothers

HBO The Newsroom Publicity Photo from www.technologytell.com

Chris Garlock, communications director of the Metropolitan Washington [D.C.] Council, AFL-CIO, and managing editor of Union City, sends us this.

If The Wall Street Journal is complaining about it, "The Newsroom" must be doing something right for working people.

“For the second week in a row, Charles and David Koch were strafed by HBO’s show ‘The Newsroom,’ the one-hour drama about a fictional cable TV news show and its volatile anchorman,” huffed The Wall Street Journal yesterday in “HBO’s ‘Newsroom’ Takes Aim at Koch Brothers.”

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Past Tax Holiday Created Corporate Profits, Not Jobs

Evidence continues to mount that a so-called tax holiday for corporations’ overseas profits is a bad idea.

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Corporate Profits Soar 81 Percent but Few Jobs Created

On the eve of tomorrow’s unemployment report for April, we get this news from Fortune:

Profits of the 500 largest U.S. corporations soar by 81 percent ($318 billion), the third largest percentage gain in list history…Wal-Mart holds the number one spot for the second year in a row…Exxon Mobil leads profits with $30 billion, for the eighth year in row.

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