Blog: The Fine Print / Revenue & Spending
Sep 15, 2014 by Scott Klinger
Over the last month, American consumers have sent a strong message to companies thinking about abandoning the U.S. and moving offshore: if you stop supporting the U.S. by avoiding taxes, we’ll stop supporting you and shop elsewhere.read in full
Sep 15, 2014 by Katie Weatherford
- This week, the House majority plans to introduce a large package of anti-regulatory, pro-industry bills under a smokescreen of "job creation."
- Many of the proposals included in this package threaten critical safeguards by adding costly and time-intensive procedural hurdles to an already extensive rulemaking process.
Sep 12, 2014 by Jessica Schieder
Champions in Congress are pushing for bills that would help millions of people, but industry lobbyists and their allies in the House and Senate are obstructing progress on these commonsense measures. Instead, they're clamoring for more corporate tax cuts, the elimination of environmental protections, and the erosion of worker safeguards.
With only days left for the 113th Congress to address a menu of priorities before the midterm elections, here are some of the issues that everyone should ask his or her representatives to address:read in full
Sep 8, 2014 by Scott Klinger
A trickle has turned into a torrent. Burger King’s announcement last week that it would buy Canadian donut darling, Tim Horton’s, and then move the merged corporation to Canada represents the 13th such deal announced this year. Most companies pursuing these “corporate inversions” have abandoned America for the express purpose of lowering their U.S. tax bills.read in full
A Taxing Double Standard: Americans with Troubled Mortgages Penalized While Scofflaw Banks Enjoy Tax Breaks
Sep 4, 2014 by Jessica Schieder
In early August, Bank of America agreed to a $16.65 billion settlement, which includes funds for “consumer relief.” However, after tax write-offs and deductions, Bank of America's net penalty could be less than $15 billion.read in full
Aug 31, 2014 by Katherine McFate
As we take a three-day weekend to celebrate those who labor, let us take a moment to remember the families who won’t be planning picnics or a last trip to the beach. Despite some positive economic indicators, 9.7 million Americans are still out of work, almost a third for more than six months. More than seven million more have taken part-time work at poor wages to make ends meet even though they need full time work to pay the bills. And three-quarters of a million more have little hope and have given up looking for work and as a result are no longer counted as “unemployed.” (They are just “out of the labor force.”)read in full
Aug 27, 2014 by Jessica Schieder
A new report from the Institute for Policy Studies (IPS) calculates that the Affordable Care Act (ACA), popularly known as Obamacare, reduced taxpayer subsidies by more than $72 million last year. It did this by capping the deductions that currently reward companies for providing excessive pay to their CEOs.read in full
Aug 27, 2014 by Jessica Schieder
The Permanently Protect Tenants at Foreclosure Act of 2013 (H.R. 3543, S. 1761) is just one of the many pieces of unfinished business for the 113th Congress. This bill would make permanent the only federal protection for renters living in foreclosed properties.read in full
Aug 19, 2014 by Jessica Schieder
New proposals on the state, local, and federal levels aim to tackle inconsistent hours, haphazard scheduling practices, and on-call shifts among part-time workers. Such practices can wreak havoc on workers' finances, families, and health.read in full
Aug 17, 2014 by Scott Klinger
USA Today published a story last week entitled “20 big profitable companies paid no taxes.” Using data provided by S&P Capital IQ, the newspaper identified 20 firms that paid no federal taxes in the second quarter of this year despite reporting $4.4 billion in second quarter profits. Collectively, these 20 CEOs were paid $240 million by the corporations they lead, an average of $12 million per CEO.read in full