Corporate Tax Avoidance in the First Year of the Trump Tax Law (tags)
The tax breaks identified in this report are highly concentrated among a few very large corporations. Just 25 companies claimed $37.1 billion in tax breaks in 2018. That’s almost exactly half the $73.9 billion in tax subsidies claimed by all 379 companies in our study.
A Year of Trump and Right-wing Populism (tags)
In the GOP tax bill, $5 trillion is given to households with over $1 million income. Seniors, the poor, children and students are attacked. The severe cuts to Medicare, Medicaid, HUD, Low Income Housing Tax Credits, Pell grants, SNAP, WIC food assistance are sadistic.
Why Tax Cuts for the Rich Solve Nothing by Joseph Stiglitz (tags)
In a country with so many problems – especially inequality – tax cuts for rich corporations will not solve any of them. This is a lesson for all countries contemplating corporate tax breaks – even those without the misfortune of being led by a callow, craven plutocrat.
The President as Businessman (tags)
Trump's gigantic tax cuts will only benefit the rich. Revenue losses of six trillion dollars are expected for the first decade after the Trumpian tax cuts start. Trump sells the illusion that the old order can be restored.
Five myths about tax havens (tags)
When tax havens assist kleptocratic elites in hiding their cash with impunity, they don’t guard against corruption and despotism — they help perpetuate them. Tax havens provide an escape route from laws that is available only to a rich minority that can afford to use it...
Treasury Dynamic Scoring Anal Refutes Claims of Supporters of the Tax Cuts (tags)
The study casts doubt on claims that the tax cuts are responsible for much of the recent growth in investment and jobs. It finds that making the tax cuts permanent would lead initially to lower levels of investment, and would result over the longer term in lower levels of employment (i.e., in fewer jobs).
After HUge Tax Cuts for the Rich, Kansas's Economy is Foundering (tags)
Things are also getting worse for the neediest people in the state. Brownback’s official response to the state’s poverty problem was a brief report that advocated fighting poverty by encouraging traditional family structures through eight-hour “pre-marital education” classes for couples
Corporate Taxes in America (tags)
taxes
class war
Struggle over Neoliberal Ideology (tags)
Tax cuts for the rich do not lead to economic growth or lower unemployment. Profits soar while wages have stagnated for 30 years. Lower taxes and lower wages mean lower demand and lower employment. FDR created 4 million jobs in 1934, built 650,000 public buildings and 1700 bridges.
economy
Olbermann's Sacking Shifts US Media Further Right (tags)
corrupted corporate media
The U.S. social and economic landscape is rapidly changing. Inequalities in wealth, which began an upward ascent back in the 1980s, accelerated in the 1990s. Now they are flying off the charts, thanks first to the tax cuts ushered in by Bush II and second to Obama’s recent continuation of those tax cuts, plus more, which have the effect of taking from the working class and poor in order to give to the rich.
BTL:"Trickle-Down" Economics, Tax Cuts for the Rich Exacerbate Income Inequality (tags)
BETWEEN THE LINES - A four-time winner of the Connecticut Associated Press Broadcast Award for Best Feature in the non-commercial category, this syndicated, half-hour program provides a platform for individuals and spokespersons from progressive organizations generally ignored or marginalized by the mainstream media. Between the Lines covers a wide range of political, economic and social topics.
The Dictatorship of America's Aristocracy (tags)
Obama's betrayal
Corporate Media's Version of Economic Justice (tags)
middle class destructions
Obama Cutting Social Security Funds in Deal to Extend Tax Cuts (tags)
To provide political cover for this giveaway to the rich, the plan includes an extension of federal long-term unemployment benefits for 13 months and a one-year reduction in the Social Security payroll tax from 6.2 percent to 4.2 percent. While this would temporarily increase paychecks for tens of millions, it would also deprive Social Security of $120 billion in funding. The White House said this shortfall would be made up through general revenue sources, but these have not been specified. [And probably do not exist.]
Obama Capitulates to Republicans (tags)
Obama betrayal
WEALTHY ELITE DECIDE WHEN THEY GET THEIR TAX CUT ENTITLEMENT$ not THE U.S. CONGRE$$... (tags)
WEALTHY ELITE DO NOT ASK 4 TAX CUT ENTITLEMENT$ STUPID !
SURELY MIDDLE~CLASS & POORER AMERICANS SUPPORT PARIS HILTON$~ELITE TAX BREAK ENTITLEMENT$ (tags)
ELITE AMERICAN GAL$ LIKE PARI$ HILTON WHO ARE GOOD ENOUGH 2 $HED THEIR BLOOD 4 OUR WEALTHY ELITE'S COUNTRY ARE GOOD ENOUGH 2 BE GIVEN THEIR WELL DESERVED ELITE TAX CUT$ & THEIR BILLION$ BUSH JR ~ KARL ROVE ~ ESTATE TAX$ ABATEMENT$ STUPID !
Community Centers as a New Beginning (tags)
With $1 billion, the US could build 4000 community centers at a quarter-million dollars each. The network of community centers in Vancouver Canada could be our model. Public spirit could arise to counter the exploding inequality.
JERRY BROWN SHOULD JUST TELL ELITE MRS. WHITMAN ~ IT'S THE BUSH ELITE TAX CUTS MEG !!! (tags)
ARE CALIFORNIA MIDDLE~CLASS RESIDENTS WILLING 2 CONTINUE SUPPORTING OUR U.S. ELITE'S 2 TRILLION $$ BUSH TAX CUTS & PLANNED ESTATE TAX ABATEMENT ??
AFTER TAKING 750 BILLION $$ BAILOUT THEY NOW ARE ALSO DEMANDING 2 TRILLION $$ TAX CUTS ? (tags)
WOW ~ OUR AMERICAN WEALTHY ELITE REALLY MUST THINK OUR MIDDLE~CLASS AMERICANS CAN CONTINUE TO BE FOOLED AGAIN INTO BUYING INTO THEIR BILLIONAIRE MULTI~MILLIONAIRE ESTATE & PERSONAL TAX CUT WELFARE SCENE ??
VIDEO: Bush tax cuts suck (tags)
Tax cuts do not pay for themselves, grow the economy or help balance the budget. George Bush Sr debunked Reagan's voodoo economics that pretended tax cuts would help balance the budget.
U.S. SENATOR BLANCHE LINCOLN ONLY SHOPS TIFFANY'S !!! (tags)
~ WEALTHY ELITE AMERICANS DO NOT SHOP AT WALMART,THEY SHOP AND BUY IN THE PEOPLES U.S. CONGRESS ~
Nationa debt now at $9 trillion - your share is $30,000 (tags)
The national debt is now at $9 trillion. That means each and every one of the 300 million people in the USA owes $30,000 toward that debt. But if you include the other debt each person in the USA owes four times that or $120,000 toward the national debt
One of President Bush’s be-very-afraid lines this campaign season is that Democrats, if elected, will raise taxes.
Message from Ramsey Clark - Impeach NOW! (tags)
"(Bush's) Impeachment is essential to the integrity of constitutional government" What's at Stake? A message from Ramsey Clark, former Attorney General of the United States
Call In Days to Stop the Budget Cuts (tags)
Use the toll free numbers to reach your Representatives 1-800-818-6641 or 1-800-828-0498 No tax cuts for the rich! Tell your Representatives that all Housing Programs must be fully funded and that you oppose budget cuts to SSI, Foster Care, Food Stamps
News Junkie Scott's Blog (8/10/05) (tags)
Yo! New Yorkers: Get a f*****g clue!
GOP Agenda Shreds Disabled Housing (tags)
The GOP Is About To Shred The Nation's Housing Assistance Programs!
The President Plays Poker (tags)
The past tax cuts tore holes of billions in the federal Washington budget.. The ambitious reformer GWBush puts all his eggs in one basket, that his society of owners will not soon be mocked as a society of debtors.
"For the richestg 1%, the Reagan tax cuts were pure elixer.. Reagan's budgets slashed social spending. Domestic discretionary spending was the special target.. Hardest hit were programs for low-income Americans.."
The current crop of GOP candidates parrots absurdities about term limits and fiscal responsibility--makes you wonder if they have any concept of the real world.
Lying About Reagan's Tax Cuts (tags)
IRS has become a subsidy system for super-wealthy Americans IRS winks at rich deadbeats
Newsweek Misses Tax Freedom Day (tags)
Scary, Scary John Kerry (tags)
Well at least Kerry is an environmentalist though, right? Not exactly. Despite John Kerry’s cozy relationship with ghoulish green organizations like the Sierra Club and the League of Conservation Voters, he should not be mistaken for a friend of nature. Kerry does not support the Kyoto Protocol, and as he told Grist Magazine in an interview last year, “[The Kyoto agreement] doesn't ask enough of developing nations, the nations that are going to be producing much greater emissions and which we need to get on the right course now through technology transfer.” Somebody should mention to Senator Kerry that currently, despite the US accounting for only 4% of the world's population, we still emit over a quarter of the globe’s Co2. But no, Kerry won’t call on the US to set an example to developing countries, that would asking too much of the US. And just last year Kerry decided not to cast a vote against a portion of Bush’s chainsaw Forest Plan (HR 1904), which authorized $760 million to thin out dense national forests under the pretext of increasing ecosystem health. This, combined with his support for Fast Track legislation, bombing of Afghanistan, and chemical fumigation in Colombia to counter coca and opium production -- provides us with a clear indication that not only is Kerry not an environmentalist, he’s also not that good at pretending to be.
Speaking out on the issues
Nader is now publicly calling for the impeachment of the President. It is a reasonable request. Bush has led America into a war based on disinformation and lies. The Republicans attacked Clinton for a cigar and an intern, but the Democrats won't go after Bush for misleading Americans into war. Why? It's simple; the Democrats on the whole supported the illegal invasion, which was piggybacked on the Clinton and Gore Iraq Liberation Act signed back in 1998.
George Dubya becomes President, having run as a "compassionate conservative," and what do we get? Hell's own conservative and dick for compassion.
Interesting article from the Asia Times. A different perspective than the usual propaganda from our Wall Street-controlled media.
Renowned Economist Blasts Bush's Economic Policies (tags)
After Krugman's speech, Nobel laureate and UC Berkeley professor George Akerlof led a standing ovation and hundreds of people stood in line to buy Krugman's new book.
The night Gore conceded the race in one of the graceful and honorable speeches I have ever heard, I was in a ballroom full of Republican Party flacks who booed and jeered through every word of it. One thing I acknowledge about the right is that they're much better haters than liberals are.
Tax Cuts, The Enron’s, The Rich, The Poor, And Human Nature… (tags)
“They are giving tax cuts to the rich and robbing the poor” lets put this age old debate regarding tax cuts into the simplest terms. The financial security of everyday people is essential to raising our children, grandchildren, providing good education, reducing crime. The wisest financial strategies need to be put in place above bipartisan politics or the passion of so many of us vigilantly opposed to class systems. A review of human nature and the cycles of people’s lives need to be taken into consideration when waging this big debate on economical models such as Bush’s tax cuts. The answer may be a little surprising though...
DEAN TO PRESIDENT BUSH: "IT'S TIME FOR THE TRUTH." (tags)
Former Vermont governor says American people should know the true intentions behind Bush administration's agenda (July 25, 2003)
Nothing but lip service (tags)
Then there’s military tax relief — or the lack thereof. As Bush and Republican leaders in Congress preach the mantra of tax cuts, they can’t seem to find time to make progress on minor tax provisions that would be a boon to military homeowners, reservists who travel long distances for training and parents deployed to combat zones, among others.
Tax Cuts and Class Warfare (tags)
An argument against the beneficial results of tax cuts for the wealthy and trickle-down economics.
In The Kingdom Of Forgetting (tags)
Memory can be an embarrassing thing. In politics, it's often more convenient to forget. The classic illustration of this idea was Orwell's dystopian Ministry of Truth, where functionaries fed any inconvenient bit of information down the memory hole -- "whereupon it would be whirled away on a current of warm air."
More rightwing hypocrisy (tags)
"Military men are dumb, stupid animals to be used as pawns for foreign policy." ~ Henry Kissinger ~ January-February 2003 edition of Eagle Newsletter. Don't believe the "We support our troops" crowd. Lying chickenhawks warmongers.
Israel: America's Shame and Humanity's Stain (tags)
"I've never seen a president --I don't care who he is-- stand up to them [the Israelis]. It just boggles your mind. They always get what they want....If the American people understood what grip those people have on our government, they would rise up in arms. Our citizens don't have any idea what goes on."
Taxes, taxes, taxes: High on the Bush agenda (tags)
It has been written that the more things change, the more they are the same. And that certainly holds true when it comes to battles over taxes. True, the powdered wigs of James Madison’s time are gone. And yes, George Bush has replaced "Teddy" Roosevelt. But the issues are the same – who pays and how much.
NYT's Krugman: Huge Tax Cuts For Bush/Cheney Energy Cronies (tags)
A funny thing Krugman noticed: "Medium-sized" companies (compared to GM &IBM) racking in top dollar from the Republican "stimiulus" tax cuts include companies like TXU (formerly Dallas Power and Light), ChevronTexaco, Enron, Phillips Petroleum, IMC Global and CMS Energy-that tend to be in the energy or mining businesses, and to be based in or near Texas. Surprise!
EPI: A Tale of Two Tax Cuts (tags)
Republicans are trying to push through even MORE tax cuts for the rich. So what does history tell us? During a recession in 1975, President Ford's tax cut was targeted at low- and moderate-income families and helped to stimulate private consumption, putting the economy back on its feet. By comparison, President Reagan's tax cut in 1981 disproportionately benefited those at the top of the income scale and ultimately did nothing for the slumping economy until 1983.
CTJ: $212 Billion House GOP "Stimulus" Tax Bill Would Almost Double Bush Tax Cut (tags)
The House Ways and Means Committee, on a party line vote, has approved a bill that over the next three years would almost double the size of the Bush tax cuts enacted last May. Officially, the new corporate and individual tax cuts are estimated to cost $212 billion over the next three fiscal years (and the actual cost is likely to be considerably higher).