Levin Bill Would Shutter Corporate Tax Loopholes

Last week, Sen. Carl Levin (D-MI) introduced the Stop Tax Haven Abuse Act, which would restrict the use of offshore tax havens by corporations. At a time when corporate profits are high by historic standards, the bill could raise money for vital government programs and reduce the deficit. The legislation is a slimmed down version of the Cut Unjustified Tax (CUT) Loopholes Act of 2013 (S. 268), introduced earlier this year.

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Who Pays for Corporate Tax Dodgers? YOU DO.

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?

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

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?

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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How Do Giant Corporations Get Away with "Legal" Tax Cheating?

 

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"

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

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

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

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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