Tax Reform

How Corporate Tax Dodgers Avoid Paying Their Fair Share—or Any Share At All

How Corporate Tax Dodgers Avoid Paying Their Fair Share—or Any Share At All
Pointing to egregious examples of Fortune 500 corporations "manipulating the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits," a new report from Citizens for Tax Justice makes a sharp case for corporate tax reform.
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Newest 'Sneaky Law' Forgives $700B in Owed Corporate Taxes

Newest 'Sneaky Law' Forgives $700B in Owed Corporate Taxes
The mother of all sneak laws is quietly making its way through Congress disguised as corporate tax “reform.” Corporations have been avoiding taxes by moving production and profit centers out of the U.S. because of a loophole that lets them “defer” paying the taxes they owe until they “bring the money home.” Now they are hiding around $2 trillion or more outside of the country, which means they owe up to $700 billion in taxes.
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New Polling Suggests Americans Ready to Tax the Rich, but are Dems Ready for the Fight?

New Polling Suggests Americans Ready to Tax the Rich, but are Dems Ready for the Fight?
As we enter into yet another round of budget discussions, the Democratic Party is confronted with an opportunity – and a challenge. There’s an opportunity to shift the budget debate to an area where they hold the high ground. But it will be a challenge for some Democrats to take the initiative on a subject they seem reluctant to discuss. The subject is taxes.
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Richard (RJ) Eskow
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Bridge and Tunnel Proud: Lessons NJ Can Take from Eventual NYC Mayor de Blasio

Bridge and Tunnel Proud: Lessons NJ Can Take from Eventual NYC Mayor de Blasio
Yesterday, unapologetically liberal candidate Bill de Blasio clinched the New York City Mayoral primary and will likely go on to win the general election. If you had told the pundits six weeks ago that Bill de Blasio wouldn’t just win the primary but hit the magic 40 percent necessary to avoid a runoff, most would have laughed in your face. It’s a major win, and it has real implications for progressive activists on both sides of the Hudson.
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Missouri Isn't In Kansas Anymore: Governor Nixon Vetoes Harsh Austerity Measures

Missouri Isn't In Kansas Anymore: Governor Nixon Vetoes Harsh Austerity Measures
Missouri Governor Jay Nixon vetoed the disastrous GOP tax cut bill HB253. Over a ten year period, the bill would have cut corporate income taxes from 6.25 percent to 3.5 percent, at a price tag of $800 million. The move keeps Missouri from following the potentially calamitous path set by neighboring Kansas — for now.
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