Corporate Greed Blog Posts
Members of National Nurses United (NNU) and other working men and women will march and rally on Wall Street today to demand that the high rollers in the finance capital of the world pay to rebuild the economy they destroyed.
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How many times have we heard from big corporations and their political allies—usually well-financed by corporate campaign contributions—that the latest workplace safety, environmental or consumer protection regulation will kill jobs, ruin the economy and lead to the end of civilization as we know it?
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Last week, we told you how 44 U.S. senators are fighting to keep consumer and working family advocate Elizabeth Warren out of the top spot of the Consumer Financial Protection Bureau (CFPB), created by last year’s landmark Wall Street reform legislation.
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U.S. corporations are sitting on trillions of dollars in profits instead of funneling the money back into the economy to create jobs. Now there’s a plan afoot to let these firms bring back their overseas profits—much of it disguised U.S. profits—during a so-called tax holiday.
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It’s the 10th anniversary of the Bush tax cut for millionaires, and some millionaires say enough is enough. They’ve bought enough boats, added enough wings to their mansions and put enough of their extra millions in the bank. It’s time to “Tax me” they say.
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Carrying signs saying “Heal America! Tax Wall Street!” more than 1,000 nurses, union members and community allies today called on President Obama, the Chamber of Commerce and Congress set a new course to heal the nation.
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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.
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After intense criticism from mine safety advocates, lawmakers and others, a former Massey Energy Co. executive tied to the Upper Big Branch explosion that killed 29 miners will not be part of the newly merged company.
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