The Sides Are Drawn: Bernie/Us Versus Chuck Schumer/Tax-Dodging Big Corps/”Bi-Partisanship”

In General Interest by Jonathan Tasini0 Comments

WTF? Ok, I guess I should actually say: this is not shocking but because Chuck Schumer just made me yell “WTF?” and ruin my schedule for the rest of the day…

The loud yelling and clapping you just heard came cascading down from executive suites of all the tax-dodging big corporations who must be dancing in the halls. “Bi-partisanship” is about to fleece the American people–yet again. And it’s being led by the presumed Democratic majority leader come 2016, Chuck Schumer.

Secret Offshore Accounts: Companies Dodging $600 Billion In Taxes

In General Interest by Jonathan Tasini0 Comments

Thirteen days away, tick tock, tick tock…everyone is getting ready to write those checks to the IRS for the money they owe on income earned–you know, the ones that fund highways, education, health care and, grumble, war.

Except for corporations, of course. It’s the same old story–dodge, dodge, dodge a fair share of taxes. $600 billion.

A “House of Cards” Tax Scam…By Netflix Producers of “House of Cards”

In General Interest by Jonathan Tasini0 Comments

Full disclosure: I’ve made by contribution to the popularity of “House of Cards” by watching all three seasons (FWIW, I though the third season was stilted, pretty boring in many parts and, basically, a slightly edgier version of “The West Wing” and that’s not meant as a positive…). That said, this doesn’t surprise me because no corporation is immune from trying to take advantage of our dumb tax system that consistently rewards corporations for no good reason at the expense of taxpayers.

Even The Right-Wing Business Press Admits: Big Tax Give Away Won’t Create Jobs

In General Interest by Jonathan Tasini0 Comments

It’s no surprise to people in the reality-based world–you know, the people who look at facts–that most corporate tax cuts are not going to create jobs. All that bleating from the bi-partisan chorus that fawns over the “job creators” (read; overpaid corporate executives) and never met a corporate tax break it didn’t like (especially tax breaks that oil up those campaign contributions…looking at you, Steny Hoyer) ignores the reality that the promised jobs, in return for tax cuts, just don’t materialize–not to mention jobs that pay a decent wage.

Can We All Dance Around The $42 BILLION Bonfire?

In General Interest by Jonathan Tasini2 Comments

It gets to a point, in this crazy world–the world in which our bridges are falling down, roads are crumbling, hospitals are closing down, schools don’t have enough supplies for kids–when flushing $42 billion down the drain just seems like no big fucking deal. In the pathetic bi-partisan world of budget nonsense and more give-aways for corporations and the elite, $42 billion is seen as a “compromise.”

Tim Cook Should Stop Hiding Billions In Taxable Profits From The People, Gay & Straight

In General Interest by Jonathan Tasini0 Comments

I am of two minds about Tim Cook’s public declaration that he is gay. On the one hand, good for him if he thinks that it emboldens other people to not be afraid of their sexual preference being known publicly. On the other hand, if the message is that, you, too can come out but only once you are the CEO of one of the most powerful corporations in the world–and you can do all that while fleecing the U.S. government of billions of dollars in revenue…well, it’s a moment to pause and consider.

Bad And Worse

In General Interest by Jonathan Tasini0 Comments

While everyone is focused on the polls and the dwindling chances of the Democrats to hold the Senate, on the tax policy front, it’s just horrendous, with the choices in the upcoming lame duck session of Congress verging from “bad” to “very bad”.

Burger King’s Whopper Strategy: Your Waistline Expands, The Company’s Tax Bill Shrinks

In General Interest by Jonathan Tasini0 Comments

A couple of weeks ago, I wrote about Burger King’s tax inversion strategy–you know, the clever tax dodge strategy that’s all the rage among the corporate elite because it funnels hundreds of billions of dollars overseas and outside the reach of the IRS. Well, that apparently isn’t the half of it. Burger King has a two-pronged approach to screwing the country–at the waistline and at the bottom line.

Eliminating The Corporate Tax Has Got To Rank As One Of the Dumbest Ideas

In General Interest by Jonathan Tasini0 Comments

Politics is full of really asinine ideas–let’s see, the Iraq War counts as a good example. But, for perhaps the dumbest one going I’d offer up the mumbling, coming from even some Democrats, to eliminate the corporate tax. It is stupefyingly idiotic–in the midst of the greatest divide between rich and poor in 50 years, and corporate profits rising to record levels even as wage growth remain at its lowest level in half a century.

Burger King’s Whopper Isn’t Just Food–It’s A Mouthful Of Tax Dodging-And-Lies

In General Interest by Jonathan Tasini2 Comments

Before I rip Burger King a new one, a moment of full disclosure: I haven’t walked into one of those joints in I dunno 25 years. So, maybe it’s worth the whatever it costs now to choke down and swallow that stuff. But, know this: every dollar you put into that place now is basically a contribution to yet another tax dodge–theft from the public’s right to have a decent society.

It’s Not Hard To End Corporate Tax Dodging (Inversions): A Roadmap For Congress/White House

In General Interest by Jonathan Tasini2 Comments

It isn’t complicated and it’s not rocket science. The thievery underway in the form of corporate tax inversions can be stopped if there was a will to do so. It’s a problem with three easy-to-describe pieces–and some pretty straightforward solutions. The issue is: does the White House, beyond an election-year messaging stunt, really want to stop the robbery of the American taxpayer?

EXPOSED: Corp Taxes Are NOT High, U.S. Corps “world leaders in global tax avoidance strategies”

In General Interest by Jonathan Tasini2 Comments

I couldn’t help the “EXPOSED” start to the headline because, actually, this is no surprise. Citizens for Tax Justice has been making this case for a very long time (including here, just as one example). But, here’s another piece of evidence to try to undo that hard-wired, decades-long rhetorical nonsense about corporate taxes being too high in the U.S.

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

In General Interest by Jonathan Tasini2 Comments

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”

When You Hit That Pothole This Weekend, Thank Corporate GREED

In General Interest by Jonathan Tasini0 Comments

For the millions of people hitting the road at this very hour, and in the hours to come, it’s going to be a bumpy journey, crashing through potholes after pothole, rutted road after rutted road, and creaky bridge after creaky bridge–all thanks to the dismal shape of the country’s infrastructure (which gets a D+ from the American Society of Civil Engineers). No doubt, drivers will curse a whole list of people–but a small wager that few give up a few choice words for a big culprit: corporate greed.

Fortune 500 Stashing $2 TRILLION Overseas, Dodging $550 Billion In Taxes, The People Pay The Tab

In General Interest by Jonathan Tasini4 Comments

Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.

Ryan’s Budget: More Welfare For The Rich

In General Interest by Jonathan Tasini0 Comments

Just so we’re clear, and this bears repeating even if it is obvious, the richest people in the country are going to, once again, be the gift of more welfare-for-the-rich under the tax proposals of House Budget Committee Chairman Paul Ryan–while, just by the numbers, lower income people will get hit with a tax increase. Don’t you love this system?

Don’t Extend Those…Extenders

In General Interest by Jonathan Tasini0 Comments

With tax day looming, I’ll try to throw in more on the crazy world of tax policy — which usually means how corporations and rich people are taking us for a ride courtesy of very willing politicians. Today, it’s all about tax extenders.

A Worthy Budget

In General Interest by Jonathan Tasini0 Comments

Most of the nonsense coming from Congress about budgets — and that nonsense is particularly of a Republican Party flavor but also emanating from Democrats — touts more tax breaks and tax cuts for business. It’s entirely crazy. The one island of sanity comes from the Progressive Caucus.

That Sucking Sound? It’s The 73 Billion-Dollar Corporate Robbery of The States

In General Interest by Jonathan Tasini0 Comments

What I really like about corporate skullduggery is that at least it’s usually done with big numbers, as in billions of dollars. Nothing on the cheap (except, of course, when it comes to paying workers). In another installment of “how can we fill our coffers, pay our CEO millions of dollars and fleece the public” comes today’s news: Corporate-based America is robbing the states of billions of dollars by dodging taxes.

The President’s Tax Gift To Corporations Is Just Class Warfare Redux

In General Interest by Jonathan Tasini0 Comments

With one hand, he giveth a few dollars to the people, and with the other hand, he showers huge corporations with a tax gift that is astounding in its…audacity? That’s how I suggest you can look at the president’s executive order to pay more workers overtime (a good thing) versus his budget proposal to…pay attention now..CUT corporate tax rates.

Camp Fail, Fail, Fail

In General Interest by Jonathan Tasini0 Comments

I know, you are shocked, shocked, shocked that the proposal from Congressman Dave Camp, the Republican chairman of the House Ways and Means Committee, is awful. But, good to have the facts on exactly why.

NOT BREAKING: Corporations “Pay Little or No Federal Income Taxes”

In General Interest by Jonathan Tasini2 Comments

It’s new data but not a new revelation because this bit of news is nothing we haven’t already become accustomed to. Corporations are robbing the country, robbing because corporations pocket profits made possible from all the investments in human and physical capital made thanks to taxes regular people pay but the same corporations do squat when it comes to paying a fair share.

Tax Cut Hocus Pocus

In General Interest by Jonathan Tasini1 Comment

So, as we gather steam towards Tax Day, let’s keep up this drumbeat: tax cuts don’t help the economy. Or, at least, there isn’t the evidence to prove they do. So, says the Congressional Research Service.