How 12 Multinational Corporations Avoid Paying Taxes

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A new report shows how some of the world’s biggest companies pay nothing to the IRS through lobbying and loopholes.

By Julianne Escobedo Shepherd

Over the past month, General Electric has been held up as the pinnacle of corporate vampirism –– the world’s largest corporation in the world’s lowest tax bracket. But it’s not just GE that’s bilking the system and paying zero dollars in taxes.

A [...]

We Don’t Need to Shut Down the Government | Tax the Wealthy and Deadbeat Corporations to Close Budget Gaps

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If corporations and households with $1 million income paid at the same levels they did in 1961, the Treasury would collect an additional $716 billion a year. By Chuck Collins |

Before any government shutdown–or drastic state and federal budget cuts –we should reverse huge tax cuts for the wealthy and deadbeat corporations.

When you hear politicians lament that “we’re broke,” consider this fact: If corporations and households [...]

Why We Must Raise Taxes on The Rich – By Robert Reich

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It’s tax time. It’s also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.

Here’s the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.

Even [...]

How to Take on Wall Street and Win – It’s up to us to embarrass lawmakers into making financial elites pay their fair share.

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It’s tax time again, and again America’s richest financiers are breaking out the bubbly. Why? Because they pay less than you do!

The top hedge fund earners — who personally rake in billions (not millions) of dollars per year — can toast to the fact that they’re not living under that great radical president, Dwight David Eisenhower, when the top income tax rate was 91 percent, or under [...]

House GOP passes huge property tax increase on middle class — Bill takes away homestead credit: ‘It’s beyond belief,’ says Marquart

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Rep. Paul Marquart, DFL-Dilworth, says $1.3 billion statewide property tax increase would hit seniors, renters, and small businesses especially hard — while companies that shelter profits overseas would be held harmless

House Republicans passed their first piece of their budget plan today, relying on huge property tax increases on middle class Minnesotans in their omnibus tax bill. According to the non-partisan Department of Revenue, the GOP tax [...]