Charitable Deduction Should Be Preserved
Apr 24, 2013
Congress is currently considering tax changes that could substantially reduce charitable giving in the United States. One threat is a proposal from President Obama to cap the deductibility of itemized deductions by high-income taxpayers at 28 percent. A second threat is less understood – tax reform that lowers tax rates. Tax rate changes like those in the tax reform plan proposed by Rep. Paul Ryan (R-WI) would reduce the tax benefit of charitable giving even more than the proposed Obama limit on itemized giving. This report reviews the impact on charitable giving of both the Obama proposal and tax reform more generally. It concludes that both would substantially reduce charitable giving and that the impact on the nonprofit sector could be comparable to sequestration.
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Who Pays for Corporate Tax Dodgers? YOU DO.
Apr 15, 2013
Find out how multinational corporate tax cheating hurts the average tax payer. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.
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What do America's Biggest Tax Avoiding Corporations Want Now?
Apr 12, 2013
Big Corporations are pushing for a Territorial Tax System. Find out what it is and how it's going to affect Americans! From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.
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The Truth About Corporate Tax Rates
Apr 11, 2013
The tax rate is 35%. Corporations complain it's too high. But how much are they really paying? From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax...
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How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue?
Apr 9, 2013
Find out how corporations use transfer pricing to shift profits offshore and get out of paying taxes in the U.S. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.
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Apr 9, 2013
See how multinational corporations lobby to write their own tax laws. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets ... and vow to make the corporations pay their fair share.
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Battle Lines Await an (Unlikely) Budgetary "Grand Bargain"
Mar 25, 2013
With Congress and the Obama administration still divided over tax revenues, the possibility of a "grand bargain" on another major deficit reduction package seems increasingly small.
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The Wall Street Sales Tax
Feb 8, 2013
As policymakers in Washington, DC continue to debate our nation's budget priorities, some of the options currently being considered are cuts in Social Security benefits, education and health programs, important investments in transportation infrastructure and health research, and anti-poverty programs, among many others.
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CBO Report Reveals Economic Damage Done by Deficit Reduction
Feb 5, 2013
A new report from the Congressional Budget Office (CBO), released Feb. 5, reveals that the federal budget deficit is now on track to drop below $1 trillion for the first time in several years. It is expected to drop further for several more years without any additional efforts at deficit reduction. However, this drop has been bought at a significant cost, including substantially reduced economic growth and higher unemployment.
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Congress Sets Stage for Second Budget Showdown
Jan 29, 2013
On Jan. 23, the House of Representatives sidestepped a battle over the debt ceiling and prepared itself instead for a coming fight over sequestration and a possible government shutdown. The No Budget, No Pay Act (H.R. 325), passed by the House, suspends the debt ceiling until May 18 and ties congressional pay to passage of budget resolutions in the House and Senate by April 15.
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