New Posts

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

  UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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Oscar Winners: “We’d Like to Thank the Taxpayers”

Making movies costs a lot of money, but the average taxpayer, while tuning into the Oscars, isn’t likely to expect a thank you. Imagine how that would sound:

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Boeing CEO Made More than President and 132 Other Top Federal Officials COMBINED

Last week, we wrote a blog post highlighting the fact that last year, Boeing paid no federal corporate income taxes despite benefiting from more than $20 billion in taxpayer-funded contracts.  In the post, we mentioned that Boeing CEO W. James McNerney, Jr. took home $27,484,138 in pay in 2012, the most recent year for which pay data was available.

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Environmental Disasters, Tax Avoidance, and Public Safety

On Jan. 9, 300,000 residents of the Charleston, West Virginia metro area awoke to news that their drinking water had been contaminated when 10,000 gallons of toxic 4-methylcyclohexanemethanol (MCHM) spilled from the storage tanks of Freedom Industries into the Elk River. The toxicity of MCHM, an additive that helps remove impurities from coal, has not been well studied but is known to cause dizziness, vomiting, and rashes, among other things.

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Check the Box: The $10 Billion Tax Loophole

News of corporations taking advantage of tax loopholes to avoid paying their fair share toward the cost of government continues to flow in. Usually, closing these loopholes requires legislative action by a divided Congress, but there’s one $10 billion a year loophole that can be closed with a Treasury Department regulation.

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Boeing, Second Largest Federal Contractor, Pays No Federal Income Tax in 2013

In its just-released annual report, Boeing Company reported that it claimed $82 million in federal tax refunds, despite reporting $5.9 billion in U.S. pre-tax profits last year. This represents an effective tax rate of -1.4 percent. Boeing paid just $11 million in state income taxes, an effective state tax rate of just 0.2 percent. The disclosures were made in Boeing’s Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) last Friday.

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Senate Proposal for Infrastructure Bank Benefits Tax Dodgers

Sen.s Michael Bennet (D-CO) and Roy Blunt (R-MO) announced their intention to file legislation to establish an infrastructure bank funded by multinational corporations, which would receive significant tax forgiveness on their offshore profits in exchange for capitalizing the bank. The bill is the Senate companion of the Partnership to Build America Act (H.R.

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Murray-Ryan Budget Deal Announced

Yesterday evening, Senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI) announced a budget proposal to replace a portion of sequestration cuts. The plan would allow the continuation of cuts to Medicare, increase user fees, and make it more expensive for government employees to save for retirement.

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Table Talk: Four Ways to Respond to Friends and Relatives Raging Against Government Over the Mashed Potatoes

It’s Thanksgiving week: Family gathering round the table to eat, to share, to love, say a few words of gratitude. And – if your family is anything like mine – things could spiral into a boisterous political argument. Maybe your family doesn’t talk politics at the table (lucky you!), but you never know when you might hear uncle so-and-so rattle off a few choice “facts” from Fox News. Hey, we’ve got your back: here are few ways to counter an ill-informed rant against public systems and structures that actually work to keep us all safer and more secure.

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Baucus Proposal: Corporate Rate Reductions, No Sequester Relief

Sen. Max Baucus (D-MT) released a series of discussion drafts proposing elements of tax reform this week, including recommendations for international tax reform.

Baucus clearly states that tax reform overall should be revenue positive for deficit reduction, but the proposal for international taxation is revenue neutral in the long-run—leaving open the possibility of revenue positive reform of the individual tax system.

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CTJ Report: Proposal for Tax Holiday Rewards Tax Dodgers

Citizens for Tax Justice (CTJ) released a report yesterday criticizing Rep. John Delaney’s (D-MD) proposal to allow corporations a tax-free holiday.

Under the proposal, H.R. 2084, multinational corporations would be allowed to bring their untaxed profits back into the United States without paying any taxes, assuming they invest in a bank to fund infrastructure projects.

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Resources & Research

Living in the Shadow of Danger: Poverty, Race, and Unequal Chemical Facility Hazards

People of color and people living in poverty, especially poor children of color, are significantly more likely...

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A Tale of Two Retirements: One for CEOs and One for the Rest of Us

The 100 largest CEO retirement funds are worth a combined $4.9 billion, equal to the entire retirement account savings of 41 percent of American fam...

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