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
Ingersoll-Rand, which changed its corporate address to Bermuda to avoid American corporate taxes, is one of at least a dozen such companies that together get more than $1 billion in federal contract dollars annually.
Fast food CEO Andy Puzder says that raising the minimum wage will harm workers and kill job growth. A new study of the 13 states that have tried it says otherwise.
Fortune lists companies that "sure seem American—except when it comes to paying taxes" and publishes a denunciation of an "exceptionalism" that enables companies to avoid taxes but benefit from being American.
Just as the White House was registering its opposition to a corporate tax holiday for companies that are sheltering profits overseas, a House Democrat was selling the proposal in a campaign ad.
Medtronic is as American a company as they come. But if Medtronic’s management has its way, the company will soon become Irish. Why? Because everybody evades their taxes nowadays.
Corporations currently owe up to $700 billion in unpaid, “deferred” taxes. Congress can make them pay, or let them off the hook. Guess which choice Congress is about to make.
Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit. But Walmart’s board rejiggered bonus criteria so executives could reap “performance” payouts, at taxpayer's expense.
For all the gains we have been making, the treatment of low-paid workers by some of the most profitable corporations in the world ranks high in the more significant causes of the growing inequalities in the U.S.
Another leak of another secretly negotiated treaty reveals another assault on our ability to make our own laws and another boost for the largest (and dirtiest) corporations.
The country needs jobs. The country needs to fix its crumbling infrastructure. The country doesn't need more corporate tax breaks. Guess which of these three the House is passing – unfortunately with help from many Democrats.
"Trying to go dollar for dollar with these Republicans is a losing strategy," says the co-chairman of the Congressional Progressive Caucus. "Get out in the street and talk to the people."
"Establishment" Republican Tom Tillis believes that the minimum wage is a "dangerous idea" and should be abolished. But as a candidate for the U.S. Senate in a state that supports the minimum wage, he's dodging the issue.
Multinational companies owe us up to $700 billion in taxes. They say they’ll pay some of that tax money if we let them off from paying it all. For some reason just telling them to pay their taxes isn't on the table.