Select Media Mentions
Tulsa World: Fair Share? Corporations in ‘race to the bottom’ in taxes owed
December 19, 2012
By JULIE DELCOUR Associate Editor Published: 12/11/2011 2:26 AM Last Modified: 12/11/2011 2:59 AM Oklahoma and every state that struggled mightily through recent recessionary times, might have had a far easier time had major corporations paid their fair share of state income taxes. But they did not, and that tax avoidance cost states an estimated […]
Washington Post: Some companies paid little or no state tax
December 19, 2012
(Original Post) By Danielle Douglas, Published: December 11 Some of the Washington area’s biggest public companies paid little to no state income taxes by using a myriad of tax breaks and other tactics, according to a research report released last week. Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 265 […]
Huffington Post: State Gas Tax Policies Costing Governments Millions In Lost Revenue, Report Indicates
December 19, 2012
(Original Post) First Posted: 12/14/11 04:33 PM ET Updated: 12/14/11 04:33 PM ET Jordan Howard WASHINGTON — A new report by the Institute on Taxation and Economic policy, a non-profit and non-partisan research organization based in Washington, D.C., found that state governments are collectively losing out on over $10 billion in transportation revenue each year […]
Clarion Ledger: Corporations already evading Miss. state income tax
December 19, 2012
5:51 PM, Dec. 15, 2011 Written by Bill Minor Among the outlandish bills sponsored by Republican lawmakers I had mentioned a couple of weeks ago was one that would have repealed (yes, repealed) the state income tax on corporations. It didn’t pass. Now don’t be surprised if the bill resurfaces when the GOP takes over […]
About.com: Corporate Tax Dodgers Hurting States, Group Says
December 19, 2012
(Original Post) By Robert Longley, About.com Guide December 16, 2011 If your state, like most states, is hurting for money and is putting the squeeze on you for more, then this news will not make it hurt any less. A new report from the Citizens for Tax Justice (CTJ) identifies 256 Fortune 500 corporations which, […]
WNYC: ‘The Capitol Pressroom’ with Susan Arbetter
December 19, 2012
(Original Post) December 19, 2011 | 10:25 AM | By Colby Hamilton Today on “The Capitol Pressroom”: The North Country was a big winner in the economic development grant competition. While the 16 projects that won the $103.2 million dollars are posted on-line, we wanted to know how these projects will leverage growth throughout the […]
NJ Today: Report: NJ Loses More Than $500M Due To Stagnant Gas Tax
December 19, 2012
Original Post December 27, 2011 STATE – According to a report released earlier this month, New Jersey is leaving more than $500 million on the table each year by not increasing its gas tax rates to keep pace with increases in transportation construction costs. The report, “Building a Better Gas Tax” from the Institute on […]
Counter Punch: Half of America in Poverty?
December 19, 2012
Original Post December 27, 2011 by PAUL BUCHHEIT Recent reports suggest that almost 50% of Americans are in poverty or at a “low income” level. The claim is based on a new supplemental measure by the Census Bureau that includes health care, transportation, and other essential living expenses in the poverty calculation. The concept of […]
New Jersey Newsroom: NJ Loses Money with Gas Tax Rates
December 19, 2012
BY ADELE SAMMARCO December 27, 2011 It’s no secret residents from surrounding states drive to New Jersey to fill-up their gas tanks for less than what they would ordinarily pay in their own state. But according to a new report, the Garden State is losing money each year for not increasing its gas tax rates […]
Muskogee (OK) Phoenix: Tax Credit Moratorium the Right Call
December 19, 2012
Original Post McClatchy News Editorial December 29, 2011 — The Task Force on State Tax Credits and Economic Incentives wants a one-year moratorium on all tax credits in Oklahoma while lawmakers consider the group’s recommendations for greater transparency and stricter oversight. The hole has given more attention to reports like one released earlier this month […]
The Huffington Post: State Tax Reform Legislation Likely In 15 States In 2013
December 19, 2012
(Original Post) John Celock Posted: 12/19/2012 12:59 pm EST WASHINGTON — Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute on Taxation and Economic Policy. ITEP said that a series of tax reform packages, ranging from an extension of the sales […]
The American Independent: Arthur Laffer’s dynamic roadshow
December 18, 2012
(Original Post) Siddhartha Mahanta | 12.18.12 | 1:24 pm | Republishposted in Economy/Finance | Government Accountability/Reform | Politics On January 19 of this year, Kansas state Sen. Julia Lynn offered an exuberant greeting to renowned tax-cutting enthusiast Arthur Laffer. “What an honor and privilege to have you here in Kansas,” Lynn said, welcoming the fabled […]
Maryland Reporter: Study: Some Big Firms Paid No State Taxes
December 17, 2012
Original Post By LEN LAZARICK January 4, 2012 A new study found that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]
Twin Cities Daily Planet: Tax Cut on Autopilot
December 17, 2012
Original Post by Conrad Defiebre January 5, 2012 On July 1 this year, Minnesota’s highway fuel tax will go up a half-penny to 28.5 cents a gallon, the last of seven phased increases that began in 2008. Absent legislative action, it won’t go up again — ever. Before you raise a cheer, let’s consider what […]
Inside Tucson Business: After 21 Years, PAG Says It’s Time to Raise the Gas Tax
December 17, 2012
Original Post January 6, 2011 By Garry Duffy Arizona’s gasoline tax has stood at 18 cents per gallon for 21 years. Factor in an average rate of inflation of 2.67 percent over those years, and that 18 cents is now worth what a dime was in 1990. Or, looking at it another way, if the […]
The Times Leader: Corporate tax topic of Mundy bill
December 17, 2012
It would deal with two key issues by lowering state corporate net income tax rate and closing some loopholes. By Steve Mocarsky [email protected] The debate about Pennsylvania’s high corporate taxes and how companies use loopholes to skirt them has been going on for years, but a bill that would address both issues has been languishing […]
ABC News: State of the Union: Fact Checking the President
December 17, 2012
(Original Post) By ABC News | ABC News ABC News’ Huma Khan, Elizabeth Hartfield, Matt Negrin, Chris Good, Amy Bingham, Jeunee Simon, Greg Krieg, Meg Fowler and Sarah Parnass report:Fact or Fiction Number 1 – The Booming Economy: Obama’s Jobs Story Did the economy crater before President Obama’s inauguration, then rebound once his policies took […]
Equitities: Corporate Tax Dodgers Spending Big on CEO Pay, Lobbyists
December 17, 2012
(Original Post) January 25, 2012 The release of Mitt Romney’s tax return has renewed a debate that Warren Buffett raised last year when he pointed out that, because of the way income from investments is taxed, he paid a lower tax rate than his secretary. President Obama further called attention to this issue by inviting […]
Huffington Post: Hollywood Activists Protest FedEx’s Low Corporate Tax Rate
December 17, 2012
(Original Post) Anna Almendrala First Posted: 01/25/2012 9:55 pm Updated: 01/26/2012 12:49 pm Unfair tax rates are the topic du jour when it comes to inequality in America and protesters in Hollywood put the issue center stage on Wednesday afternoon with a march down Hollywood’s Sunset Boulevard to highlight what they called FedEx’s excesssively low […]
PA Independent: PA Bill Eliminates Biz Tax Shelters, Lowers Biz Income Taxes
December 17, 2012
(Original Post) Would close so-called “Delaware loophole” January 29, 2012 By Stacy Brown | PA Independent HARRISBURG — Two Pennsylvania state representatives, a Democrat and a Republican, are teaming up to produce a bill that would close the so-called Delaware loophole and potentially add up to $600 million annually in state income. State House Policy […]
NPR: Reporting On Romney’s Taxes: Economics, History And Morality
December 17, 2012
(Original Post) 07:12 pm February 3, 2012 by Edward Schumacher-Matos Is Mitt Romney being treated unfairly in the coverage of the taxes he pays? Hardly. Some might find it rich even to raise the question, but many NPR listeners have, and it is journalistically and intellectually a valid question. According to tax returns that Romney […]
Chicago Reporter: Activists in Illinois push to tip the scales in favor of civil society
December 17, 2012
(Original Post) By YanaKunichoff, Monday at 4:57 pm The scales are tipped in Illinois, and not in favor of the 99 percent, community groups say. A series of reports and actions, including the delivery of a golden toilet, seek to highlight the state cuts and corporate loopholes that advocates say are leaving Illinois citizens in […]
Bloomberg: Obama’s Corporate Tax Plan Could Be Fairer, Simpler
December 17, 2012
(Original Post) By the Editors Feb 22, 2012 7:30 PM ET President Barack Obama’s corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules. The 35 percent statutory rate is also too high, especially because most companies have […]
Outcome Magazine: U.S. tax loopholes allow some highly profitable companies to skate
December 17, 2012
(Original Post) February 22, 2012 By ANTHONY HALL The U.S. corporate tax code just became the biggest sidebar under jobs for the national election campaign. It should be clear to one and all that large corporations have not begun to participate in hiring to any significant degree and are, in fact, far short of getting […]
Huffington Post: Obama Corporate Tax Plan Would Create Big Winners And Big Losers
December 17, 2012
(Original Post) Dan Froomkin Senior Washington Correspondent, Huffington Post Posted: 02/23/12 03:18 PM ET | Updated: 02/23/12 03:30 PM ET WASHINGTON — Every one of the dozens of corporate tax loopholes and subsidies that President Barack Obama announced this week he’d like to expunge has something in common: Somebody fought really hard to get it […]
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