State and local tax breaks are exploited by wealthy corporations, propping up businesses that generate massive wealth for CEOs and shareholders while keeping wages and benefits down for rank-and-file workers.
The secret Trans-Pacific Partnership will have profound effects on our ability to make a living as a country. Yet you have to read about it in the Japan Times because few-to-no U.S. media outlets are covering it.
Corporations are pushing Congress to pass something called Fast Track — a process that essentially pre-approves trade agreements before Congress even reads them for the first time.
The major tax break that was about to be left off the "make permanent" list in the "tax extenders" bill President Obama threatened to veto last week – the Earned Income Tax Credit – disproportionately benefits rural families.
Some of the special tax breaks in the extenders package are really good and serve an important purpose. Others include loopholes that actually encourage corporations to shift U.S. profits offshore into tax havens.
The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
In early 2010, three progressive economic activists – myself, Dean Baker, and Robert Kuttner – met with Obama political adviser David Axelrod. We left disappointed. Obama's election message was: "The jobs are coming."
Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
Last summer, Barack Obama and leaders of the European Union announced the start of negotiations on another trade deal. Wondering what all of these deals are about? Here’s a primer on the Obama administration’s vision for global trade.
Corporations owe taxes on the $2 trillion of profits these companies have already made. Who should get this money? We could let corporations keep the money – or use it to give ordinary Americans a $2,000 check.
It pays to remember the work Congress is not doing to ensure corporations pay their fair share of taxes. Some of the consequences are laid out in a report on CEO compensation and corporate taxes released today.
In the debate between populist progressives and self-described "centrists" over why Democrats lost the midterms and how they should recalibrate, it's worth recalling that Republicans won in part by co-opting populism.
Under Fast Track, Congress agrees to pass new trade treaties with no amendments, on a straight up-or-down vote, within 90 days of seeing what is in the treaty for the first time.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That's one conclusion from new polling that gave Americans a choice of seven tax policy options.
Any deal that in exchange for funding infrastructure lets these companies off the hook for these taxes they already owe rewards these companies for engaging in these schemes and scams.
Two Democrats in competitive Senate races bucked the Republican tide. What did they do that the other campaigns didn’t? And how should that inform progressive strategy going forward?
Thom Hartmann points to a series of meetings in 2009 that set the stage for the Republican sabotaging of the economy over the next five years – and their potentially being rewarded for doing so on Tuesday.
Trade is a huge issue for many blue-collar voters and in "rust-belt" regions that have been wiped out by the offshoring of our jobs and factories. This has given North Carolina Sen. Kay Hagan an opportunity.
When you sign an online petition, send an email and especially donate to a cause, it can make a real difference. In the case of companies “renouncing their citizenship” in order to dodge their taxes, it really did work.
Once again, the Waltons — the exploitative multibillionaire heirs to the Wal-Mart fortune — get the goldmine, while workers and taxpayers are stuck with the shaft. It's shameful. But shameful is one of Walmart's core values.
Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.
The founder of Restaurant Opportunities Centers United is on the front lines with restaurant workers, highlighting their plight and giving them a voice to challenge the National Restaurant Association.
Why is it that any time you hear the word “reform” coming out of Washington it always ends badly for about 99 percent of us? Here are some actual reforms that are need for corporate tax reform.
Just when you thought the plutocratic profiteers running America’s low-wage economy couldn’t get any more clueless, self-serving, pious, and mingy — along comes Lady Maria of Marriott, magnanimously saying: “Let them eat tips."
The conversation was enlightening. It was also alarming – as in, a wake-up call. There's substantial polling data which lays out what must be done. The question is, Will enough Democrats get the message?
Ask people what they think of NAFTA and you'll learn that people get it. People absolutely hate "NAFTA-style" trade deals. People are voting based on this – when given the chance.
Voters want candidates who will support classroom teachers and oppose funding cuts to public schools. Democrats can make support for public education a winning issue.
Extortion is the practice of obtaining something of value through fear, using force, threats or coercion. What does it mean when the owners of big companies say they will move if we don't cut their taxes? This is extortion.
As fast-food workers across the country strike for decent pay, Burger King is still preparing to abandon the US as their home country. How does a burger company get flipped like this and who gets rich when it happens?
Corporate taxes used to be 46 percent. Corporations played an extortion game, saying lower our taxes or we'll move out of the U.S. The U.S. gave in and "reformed" the tax rate to 35 percent. Now the corporations are back for more.
As the campaign enters into its last weeks, ordinary voters begin to pay attention. People don't seem to be buying what Republicans are selling. But Democrats can overcome the odds only if they turn to a more populist voice.
Originally sold as protecting investors from "banana republic" dictators our "NAFTA-style" trade agreements now are protecting giant corporations from the efforts of citizens in democracies to make their lives better.
With polls showing most Americans just hate companies that renounce their U.S. citizenship to dodge paying their taxes, the DC/corporate-centric outlet Politico says Democrats are making a mistake by pushing this issue.
Amidst the lack of action on raising the minimum wage at the federal level, Seattle has taken lead. Just this June, the Seattle City Council voted unanimously to increase the city’s minimum wage to reach $15 an hour by 2017.
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.
A new poll confirms that voters don’t just want their Social Security benefits protected; they want them expanded. A firm stand as defenders and expanders of Social Security is a winner for Democrats.
Democrats have very little time in which to tell that voters exactly what they would do to create more and better jobs, how that would benefit both the unemployed and the underpaid middle class, and who's stopping them.
With the midterm elections only two months away, the Democratic Party’s prospects seem doubtful. The party needs a spark, a fire, a source of inspiration. An embrace of the minimum wage could be exactly what it needs.
An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
Labor Day was last weekend. For the occasion we interviewed our own Robert Borosage on The Zero Hour radio program regarding his piece entitled "Inequality: A Broad Middle Class Requires Empowering Workers."