New York Democratic Senator Chuck Schumer has introduced a bill aimed at fighting the corporate tax-dodging practices of "inversion" and "earnings stripping" which involve use on non-US affiliate companies.
Are We the People the boss of the corporations, or are the corporations the boss of We the People? The Securities and Exchange Commission (SEC) needs to be reminded which way that question is supposed to be answered.
The Senate is considering the Democracy For All Amendment to undo the damage the Supreme Court did with their Citizens United and other rulings that allow corporations and billionaires to purchase our elections.
Thursday, bad trade numbers. Friday. bad manufacturing job numbers. A path to election victory lies in drawing the connection: Democrats should be advocating a different trade policy.
We reached a new job-sucking record with China. We continue to import much more than we export. That means a net loss of jobs and decline in living standards, month after month, year after year.
Workers in union-friendly states earn more than those in anti-union states, and pay more taxes to subsidize low-wage earners in the anti-union, right-to-work states.
Everyone understands that government officials who “play ball” can get a huge paycheck after leaving government if they help certain big businesses while serving in government.
The rules set down in our democracy can’t be enforced unless We the People can organize to be powerful enough to overcome the great wealth and power of a few ultra-billionaires and their corporations.
From the ruling: "Abraham Lincoln reportedly asked, “If you call a dog’s tail a leg, how many legs does a dog have?” His answer was, “Four. Calling a dog’s tail a leg does not make it a leg.” "
An idea that the Campaign for America’s Future has been promoting is gaining traction. The technical name for it is “Single Sales Factor Apportionment” but it just means tax companies based on how much they sell here.
Remember when all those veterans died waiting to get care? That was then, this is now. The scare story that week was VA deaths. The thing we are all supposed to be afraid of and upset about this week is … something else. Till next week.
Legislation to do something about corporations renouncing their U.S. "citizenship" is before Congress. The odds are that Republicans will block it – and not just because they have obstructed everything else.
Every part of Burger King’s success was enabled up by our taxpayer-funded American system. Now Burger King wants to take off from the country that made them what they are. But they still want us to eat their food.
South Korea and seven other countries were found to have been selling steel piping and fittings at below-market prices in an effort to put competitors out of business. This is a big deal for the U.S.-based steel industry.
Europe's governments are learning that spending cuts slowed economic growth and actually increased deficits. Meanwhile, America's "Great Recession" also drags on thanks to cutbacks in government spending.
Trade is supposed to be balanced. Instead we have been running continuing trade deficits since the late 1970s. A former assistant Commerce secretary has offered a new plan for balancing trade.
If the President tries to stop their effort to dismantle the government they will resort to their time-tested fall back position: just shut down the government. And, of course, blame anyone but themselves.
Corporate tax rates used to top out at 52.8 percent. They are now 35 percent. Now they want rates lowered even more. But are corporate tax rates really "uncompetitive?" And what does that even mean?
The idea of American corporations renouncing their citizenship to get out of paying for the services that they will still be using has pushed public opinion over the edge.
Cato and Reason have been sounding the alarm about the militarization of our police departments and the potential consequences. But there have also been plenty of “liberal” and other sources trying to raise awareness of this issue as well.
The economy is improving and the behind-the-scenes numbers that economists and business types pour over look better than they have looked in a long time. But the voters Democrats need just aren't feeling this.
What's the old Republican saying? "When I vote for a Republican, I want the real thing. I accept no substitutes." What's the old Democrat saying? "If I can't find a real Democrat to vote for I guess I'll just stay home."
Problem: Your right-wing brother-in-law is plugged into the Fox-Limbaugh lie machine and keeps sending you emails about "Obama spending" and "Obama deficits." Here are three "reality-based" charts to send to him.
As Yogi Berra says, "If something is unsustainable, it can't be sustained." At some point consumers will no longer be able to consume. But that will not occur in this quarter, which is what matters to Wall Street.
A Republican Senate candidate comes out against the Trans-Pacific Partnership. Two open letters from members of Congress question it. A former WTO director-general warns about it. And there are actions you can take.
Walgreens has announced that it won't do an "inversion" that will enable it to cut its corporate taxes by renouncing its U.S. citizenship. But we still need to deter other companies from going that route.
A great way to bring tons of manufacturing and other jobs to the economy would be to just fix our infrastructure. We have to do this anyway, and it gets more expensive every day that we wait to get started.
The President's 'Fair Pay and Safe Workplaces Executive Order' cracks down on federal contractors who break hiring, health and safety, and wage laws. This will make a difference to a lot of people.
This is actually a big deal because it means that McDonalds' low-wage employees can start going after the larger company for things like wage theft and ultimately could organize themselves into a union.
A Senate bill to stop subsidies to companies to help them move jobs and production out of the country was filibustered Wednesday by Senate Republicans. Will we know who paid to kill this bill?
Employees working at the Ronald Reagan Building, the Pentagon, the Air and Space Museum, and the National Zoo are representative of almost 2 million low-wage private sector workers under federal contract.
Should an iPhone made in China and sold in England be counted as a U.S.-made manufacturing export? If a proposal to change the way our trade deficit is measured sneaks through, this is exactly what will happen.
Their headquarters, executives, operations, employees, customers and everything else stay here. They still use our courts and roads, etc. The only thing that changes is the taxes they pay.
Far-right groups said that the American government securing necessary materials for American companies to manufacture is "interference with the free market." Seriously, are they funded by China?
You absolutely have to watch this speech by Rev. William Barber at Netroots Nation, in which he talks about the moral roots of our progressive fight for equality and justice.
Here are five companies – only a handful of the total – that have or are trying to renounce their U.S. citizenship to avoid paying taxes to help cover the benefits they receive.
When these companies and the billionaires behind them don't pay their taxes, guess who has to make up the difference — or suffer the cutbacks in the things government does to make our lives better?
At Netroots Nation, Rep. Dan Kildee showed he "gets it" about manufacturing. "Facts should invade a conversation [about] this 20-year experiment with unbalanced trade agreements. We need to hold Democrats' feet to the fire."
Fighting back against a rigged system was the theme of Elizabeth Warren's rousing speech to Netroots Nation. Inside the hall, "Ready for Warren" hats and signs were everywhere.
Responding to chanters interrupting his speech, Vice President Joe Biden asks, "can you imagine the pain and anxiety" of children living under the fear of their parents' deportation?