Tag Archive | "Carl Levin"

Corp Tax Evading And Fleeing The Country? Fine, Kiss Your Federal Dollars Good-Bye

Corporate tax inversions are getting a lot of ink now (thanks largely to the heavy lifting done by the Levin brothers–Carl in the Senate, Sander in the House, and Citizens for Tax Justice…not, respectfully, by the celebrity of the moment). The president has even spoken out a bit, though we will see whether that’s just mid-term elections political rhetoric. But, a related move is now on the agenda and I love the name: No Federal Contracts for Corporate Deserters Act.

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Obama: Companies “cherry-picking the rules, and it damages the country’s finances”

I detect a president who thinks he’s found a very potent political argument. Having gone soft on the bankers, letting all the big fish skate after wrecking the economy, the president has figured out that people just won’t stand for a tax system that leaves regular people holding the tab while CEOs figure out how to screw the public, day after day. And, so, he’s now personally calling for an end to so-called tax “inversions”

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Levin Wants To Shut Off The Corporate Offshore Thievery

The corporate thieves running U.S.-based corporations are just counting the days until Carl Levin heads off to retirement at the end of this term. It was Levin, you may recall, who looked at Goldman Sachs and saw “a financial snake pit rife with greed, conflicts of interest, and wrongdoing”. And he isn’t letting go: he’s now moving to try to close a loophole that will put billions of dollars in taxable corporate profits into offshore accounts, a scam that robs the people of revenue.

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Lloyd’s Good Life

Hey, no big deal — you run a company rife with conflicts of interest, you help crater the economy, costing millions of jobs and trillions of dollars in wealth…and you keep racking up more and more money. Life is good for Lloyd Blankfein.

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Bankers Skate AGAIN…Laughing All The Way to Their Mansions

You don’t have to look further than the utterly pathetic game of repeated “stay-out-of-jail” cards handed the global banker elite to understand why people are pissed—whether in the U.S., Greece or pick a country. Time after time, the guys who cratered the economy, and robbed people of their jobs and wealth, are given a pass […]

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Why Lloyd Blankfein Loves Roger Clemens and John Edwards

   It would be an interesting exercise to add up all the dollars spent by the Justice Department prosecuting Roger Clemens and John Edwards–it’s got to be in eight figures easily–compared to the ZERO spent prosecuting Goldman Sachs CEO Lloyd Blankfein, or for that matter, a whole host of his co-horts.    I mention Blankfein, […]

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Little Fish, Big Fish: The Illusion of the Prosecution of Wall Street

Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

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Corporate Tax Holiday Is A Scam–Sen. Levin Nails It

That CEOs of American-based, flagless corporations will say, or do, anything to make a buck–and line their own pockets–is not a surprising notion. That our political leadership keeps buying the nonsense spewed out by the Chamber of Commerce and the other megaphones of corporate greed is a tragedy–an obvious result of the corrupt campaign finance […]

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Shut ‘Em Down: Corporate Off-Shoring Loopholes In The Cross-Hairs

   You hear that great sucking sound? It’s the hundreds of billions of corporate dollars that flood to off-shore tax havens. Time to turn off the spigot… There is some movement here: Saying that offshore tax havens deprive the United States Treasury of tens of billions of dollars of revenue a year, two senior Democratic […]

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Carl Levin: Keep Heat On Goldman Sachs

    I think Carl Levin knows the dance underway. His investigation into the financial meltdown is over. He has forwarded his findings to the Justice Department for civil or criminal action. And, now, I suspect he thinks there will be an attempt to bury the whole mess–and the specific role Goldman Sachs played in the […]

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Single-Payer Health Care=Reduced Global Warming

At first glance, you might say “huh?” (and, maybe after you read this, you’ll say the same). The auto industry has been lobbying hard to scuttle higher fuel emission standards, claiming the industry just can’t afford the changes–and some Democrats seem to be biting. People are rightly upset at the Democrats but the critics have […]

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