Call their bluff. Take the plunge. Go over the cliff. Let the government default on its bonds.
The CEOs who belong to the corporate lobby group “Fix the Debt” are pushing for a tax “reform” that could, details a new Institute for Policy Studies report, cost the federal treasury as much as $173 billion. In the meantime, these same CEOs are complaining that the nation can no longer afford Social Security as we know it.
If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should.
How can things be so much worse now when the economy is essentially in the same place it was five or six years ago? The answer in two words is: Rising inequality.
Corporations are called “public companies” because they are just that: they are companies of individuals given special rights and privileges in exchange for serving the public.
The economy is growing. The money is there. It’s our democratic choice: corporate profits or public schools.
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
The US economy has been growing since July 2009. So why aren’t things improving in the US realonomy?
To keep corporate income taxes low, either we have to keep individual income taxes high or we have to cut back on government services. In other words, it’s corporations versus people. That’s not class warfare. That’s simple arithmetic.
CEOs Get Massive Rewards for Dodging Corporate Taxes As the Super Congress eyes trillions in budget cuts that will undermine the quality of life for most Americans, here’s a stunning fact to contemplate: Twenty-five hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes. In other words, the […]