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By Elliot D. Cohen
$39.10
By Martin Jacques
$19.77
$22
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Flickr/Andrew Feinberg
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Despite making $1.1 billion after going public last year, Facebook didn’t pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company’s use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million.
Posted on Feb 17, 2013
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By Robert Reich — Democrats, here are eight principles to guide you in the coming showdown over the fiscal cliff.
Posted on Dec 3, 2012
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Flickr/Fortune Live Media
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A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.
Posted on Nov 26, 2012
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A look at the day’s political happenings, including Mitt Romney apologizing to nearly half of America, Justice Scalia weighing in on abortion and gay rights, and the horrendous thing Rick Santorum wants to do to Big Bird.
Posted on Oct 5, 2012
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Flickr/DonkeyHotey
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By Ralph Nader —
President Obama should send this open letter to his GOP opponent—pronto!
Posted on Sep 27, 2012
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Flickr/DonkeyHotey
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By Ralph Nader —
Hey, Mitt, why start with the 47 percent? Fully 100 percent of the nation’s 500 biggest corporations are dependent on various kinds of corporate welfare – subsidies, giveaways, bailouts, waivers and other dazzling preferences – while many pay no tax at all on very substantial profits.
Posted on Sep 20, 2012
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glennshootspeople (CC-BY)
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By Ken Jacobsen, AlterNet —
Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?
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President Obama went over to Toledo, Ohio, to thank the workers at a Chrysler plant for the bailed-out auto industry’s newfound profitability, but, as this video attests, the workers of that community are not feeling the love from Obama’s corporate welfare.
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AP / Petty Officer 2nd Class Scott Lloyd, U.S. Coast Guard
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As the government weighs a tax on petroleum production to help pay for the Gulf spill cleanup—and as oil companies cry foul—a quick analysis of the U.S. tax code shows the oil industry to be one of the country’s most heavily subsidized.
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Wikimedia Commons
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Despite the fact that Washington has forcefully discouraged investment in Iran for the past decade, the federal government has given more than $107 billion in contract payments to companies that dealt with Iran or are doing business there.
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Too Soon to Tell: The Case for Hope, Continued
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