Citations
6,242 posts
The Gazette: Potential benefits of a community ID
March 18, 2014
(Original Post) The Gazette Editorial Board Center for Worker Justice of Eastern Iowa and others are proposing a community ID program for Iowa City and Johnson County. It’s the first Midwest location to seriously discuss implementation. The aim is to help a substantial number of people who cannot access basic services without an ID, one […]
Accounting Today: Multinationals Pay Higher Tax Rates Abroad than in U.S.
March 18, 2014
(Original Post) WASHINGTON, D.C. (MARCH 17, 2014) BY MICHAEL COHN Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study. The study, released late last month by the advocacy groups Citizens for Tax Justice and the Institute on […]
The Digital Journal: Customers will pay for ash pond cleanup, Duke Energy CEO says
March 13, 2014
(Original Post) BY KELLY FETTY Charlotte – Duke Energy expects its customers to pay for the cleanup and removal of hazardous coal ash ponds in North Carolina, CEO Lynn Good said last Friday. Good made the remark in a brief interview after she accepted the BusinessWoman of the Year award at Queens University of Charlotte […]
Voices for Illinois Children: New FPC report — tax cuts won’t improve the economy or create jobs
• By ITEP Staff
Allowing current state income tax rates to expire will cause a revenue collapse that would threaten Illinois’ economic recovery, curtail the ability to support vital investments, and create more uncertainty over how the state will meet its many obligations, a new FPC report released today finds. Read the Full Report
USA Today: Needing money for roads, states mull gas tax hikes
March 11, 2014
(Original Post) Larry Copeland, USA TODAY 10:13 a.m. EDT March 11, 2014 The federal gas tax hasn’t been raised in more than two decades The federal gas tax, long used to help states pay for roads and bridges, hasn’t been raised since Bill Clinton was president. The prices of asphalt, steel and heavy machinery — […]
Salon: The “Texas Miracle” fraud
March 10, 2014
(Original Post) FRIDAY, MAR 7, 2014 01:56 PM EST Yes, Texas has seen a lot of growth — but should conservatives really be bragging about it? ALEX PAREENE Remember “The Texas Miracle”? It was the story of how Rick Perry was going to be president because his state, Texas, was doing so much better than […]
The Huffington Post: Why Rick Perry Is So Wrong About California And New York
March 10, 2014
(Original Post) Posted: 03/08/2014 10:20 am EST Updated: 03/08/2014 10:59 am EST Texas Gov. Rick Perry (R) was the standout star at the Conservative Political Action Conference this year, in no small part because of his impassioned plea for Americans to recognize that the fate of the U.S. comes down to a battle of visions […]
Buenos Aires Herald: The US – the poorest rich country on earth
March 10, 2014
(Original Post) By Gabriela Esquivada For The Herald in US The United States is often referred to as the “land of opportunity.” But an increasing number of US citizens are feeling the pinch, struggling to makes ends meet as inequality in the country rises. From New York, Gabriela Esquivada looks at how the richest nation […]
The Buffalo News: Democrats ought to embrace budget
March 10, 2014
(Original Post) By Douglas Turner | News Washington Columnist on March 10, 2014 – 6:17 AM WASHINGTON – Sophisticates speaking for the real power here have already blown off President Obama’s 2015 budget. The group includes almost the entire Congress and sadly, the corps of journalists, some who are world weary, but include all who […]
Stateline: Hunting Lost Revenue in Offshore Tax Havens
March 10, 2014
(Original Post) By Elaine S. Povich, Staff Writer Some states are going after multinational corporations which avoid state taxes by stashing some of their earnings in offshore tax havens, an effort aimed at recouping some of the more than $20 billion states lose to such gimmicks each year. Shifting income to subsidiaries in places like […]
Massachusetts Tax Fairness Commission: Report
• By ITEP Staff
The Tax Fairness Commission was established by the Massachusetts Legislature in 2013 as part of the Act Relative to Transportation Finance. The Commission was charged with analyzing a broad array of the Commonwealth’s tax laws and focused on the equity of current tax policies. The fifteen member bipartisan Commission met publicly eight times from September […]
CNBC: Raise the gas tax?
March 7, 2014
(Original Post) Transcript: state governments can raise their gas taxes anytime they want to fund their own highways. there’s nothing stopping them. we also need to look at privatization. so in northern virginia where i live, they just widened the capital beltway, a $2 billion project. it’s been a huge success. the money […]
The News Tribune: MoDOT sales tax petition withdrawn
March 6, 2014
Supporters of a ballot initiative that would raise the state sales and use taxes to fund transportation projects have withdrawn their petition from the Secretary of State’s Office. Missourians for Safe Transportation and New Jobs submitted a proposal last October to place an initiative increasing the sales and use taxes by 1 percent on the […]
Article 3: Will Georgia Go Blue?
March 6, 2014
(Original Post) By Eric Bates | March 6, 2014 If you had told me last year that a red state in the Deep South could possibly turn blue within two or three election cycles, I probably would’ve laughed at you and then dismissed everything you had to say about politics ever again. But to my […]
The Hutchinson News: Fuel-efficient cars limit motor fuel tax revenues
March 6, 2014
(Original Post) Posted: Wednesday, March 5, 2014 10:22 am By Mary Clarkin The Hutchinson News mclarkin@hutchnews.com More fuel-efficient vehicles rolling off production lines will make it harder to maintain Reno County’s roads and bridges, authorities caution. Motorists in Kansas pay 24 cents a gallon at the gas pump in motor fuels tax. The State Highway […]
Washington Monthly: The Texas Miracle that Isn’t
March 6, 2014
(Original Post) “Oh yes, I know what you’ve heard. And it’s true, as the state’s boosters like to brag, that Texas does not have an income tax. But Texas has sales and property taxes that make its overall burden of taxation on low-wage families much heavier than the national average, while the state also taxes […]
Politico: Tax Cuts MVP in Scott’s State of the State
March 6, 2014
(Original Post) Florida Gov. Rick Scott used his State of the State address yesterday to encourage state lawmakers to move forward with $560 million in proposed tax cuts, including a $100 million cut to commercial rental taxes, a roll-back of $400 million in state vehicle-registration fees and a freeze on tuition rates. Scott also boasted […]
The State: Duke Energy paid no federal income taxes from 2008-2012
February 28, 2014
(Original Post) BY RICK ROTHACKER The Charlotte Observer February 26, 2014 Charlotte-based Duke Energy is among 26 profitable Fortune 500 companies that didn’t pay any federal income taxes from 2008 to 2012, according to a new report on corporate taxes. Among all industries, gas and electric utility companies had the lowest effective rate, at 2.9 […]
CFO Journal: Corporate America Pays Higher Tax Abroad
February 28, 2014
(Original Post) TAX February 27, 2014 CFO.com | US Nearly 40 percent of 288 Fortune 500 companies studied paid zero or less in U.S. income taxes in at least one year. David M. Katz The Beltway view that a relatively high corporate income tax puts the United States at a competitive disadvantage is false, contend […]
Domestic Fuel: The Sorry State of Corporate Taxes
February 28, 2014
(Original Report) Posted on February 28, 2014 by Joanna Schroeder Citizens for Tax Justice has released a new five-year, comprehensive study of 288 profitable Fortune 500 companies finds that 26 paid no federal corporate income tax over the five-year period; 111 paid no federal corporate income tax in at least one of the last five […]
New Jersey News Room: Many of America’s Most Profitable Corporations, Including N.J.-Based Honeywell, Pay Little or No Federal Income Taxes
February 28, 2014
THURSDAY, 27 FEBRUARY 2014 08:56 BY JON WHITEN AND JENICE ROBINSON SPECIAL TO NEWJESEYNEWSROOM.COM Washington, D.C. – A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them paid no federal corporate income tax in at least one of the last five years while one-third paid a U.S. tax rate […]
Wisconsin Budget Project: New Study Finds Large Number of the Major, Profitable Corporations Pay Little in Corporate Taxes
• By ITEP Staff
Thursday, February 27, 2014 at 6:16 PM by Jon Peacock This week, on the same day that GOP legislators in Congress were unveiling a plan to sharply reduce federal income taxes for corporations, a DC-based think tank released a comprehensive study showing that many highly profitable Fortune 500 companies pay little or no federal corporate […]
Marketplace: The highway repair fund is going broke
February 28, 2014
(Original Post) by Dan Weissmann Thursday, February 27, 2014 – 12:32 This week, President Barack Obama has been talking up his plans to pay for $302 billion worth of much-needed infrastructure repairs: roads, bridges, that kind of thing. Here’s one thing that’s not on the President’s list of fund-raising tools: Raising the gasoline tax, which […]
Washington State Budget & Policy Center: Corporate Tax Dodge Findings Show Need for Reforms in Washington State
• By ITEP Staff
Now that we know nine major corporations with operations in Washington state paid zero or less in federal corporate income taxes in recent years despite reaping huge profits, serious questions arise as to whether these corporations or others are dodging Washington state taxes too. Read the Full Report
Pennsylvania Budget and Policy Center: Many Profitable Corporations Pay Little or No U.S. Income Taxes
• By ITEP Staff
A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them, including six based in Pennsylvania, paid no federal corporate income tax in at least one of the last five years. Overall, one-third of the corporations studied paid a U.S. tax rate of less than 10 percent over the five-year […]
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