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."
With less than 7 percent of the private workforce represented by a union, the share of national income going to workers is near record lows. Democrats must once more make empowering workers central to their program.
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.
Tolstoy wrote that "kings are the slaves of history." Unfortunately for Burger King, which intends to renounce its American status for tax purposes, neither history nor public opinion is on its side.
A new CAF report makes a compelling case: Rebuilding America's broad middle class requires reviving a strong union movement. Labor helped build the middle class; and as labor lost ground, so did the middle class.
In one of its lesser-known provisions, the Affordable Care Act limited tax breaks health insurers could claim for executive compensation. While that may sound arcane, the implications could be profound and far-reaching.
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.
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.
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.
August 14 is Social Security’s birthday, which raises the question: what do you give the program that has everything? After all, Social Security enjoys massive public support. It’s the most efficient program of its kind in the country.
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."
Should Democrats run on what needs to be done or touting what has already been done? You wouldn't think this is a hard question. But the White House thinks its time to brag on the economy.
The game plan: Adopt your competition’s failed economic agenda, make yourself your opponent’s pallid shadow, and base your campaign on issues, positions and priorities that have little or no support among voters.
New interviews with leading voices in the progressive education movement have brought to light how policy compromises forged by centrist Democrats have enabled truly bad consequences for public education. Progressives are saying "enough"
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.
Big news: Walgreens will not “invert” to become a Swiss company to avoid U.S. taxes. This is a victory for a powerful alliance of citizen groups under the banner of Americans for Tax Fairness. Now let's reform corporate taxes.
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.
If you get a speeding ticket, do you get to deduct the fine from the income tax you owe? Then why should JPMorgan Chase be able to deduct from its taxes a $20 billion fine for wrongdoing as a cost of doing business?
An Illinois company is considering a combination with the French corporation that is the home of Dannon yogurt in the latest example of a corporate "inversion" designed to lower its U.S. tax bill.
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.
At a Senate Finance Committee hearing this week, the committee chairman and a panel of witnesses were united in supporting immediate action to combat "inversions," an increasingly used tax-avoidance tactic.
How does it feel to be the CEO of a “defector corporation”? Do such executives face the opprobrium of society as they enjoy the fruits of this land that has given them so much? So far, apparently not. But that may be changing.
Democracy Corps' latest memo says that Democrats are "underperforming" with single women, but can win them back by "engaging in a populist economic debate ... with a strong emphasis on women’s issues."
Sen. Rand Paul mocked the Obamas for wanting their daughters to experience working for minimum wage. My experience taught me “the value of work,” and to value workers for whom earning a living isn’t always fun, stimulating, or fair.
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.
Corporations that “invert” park their assets, staff and sales in the U.S. But with their sham overseas addresses, they won’t pay taxes on foreign income to the country that protects them.
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?
The idea is to tax corporations based on where sales are made, not where profits are reported. If a company has 50 percent of its sales in the U.S., the U.S. would tax 50 percent of its worldwide profits.
Walgreens receives a quarter of its revenue from health care programs funded by U.S. taxpayers, but is considering renouncing its U.S. "citizenship" to avoid paying taxes for the U.S. services it uses and customers it gets.
The Democratic Party’s divergence from progressive values for governing our schools mostly went unnoticed in major media outlets until recently. Now clear divides within the party compel candidates and their supporters to choose sides