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Institute for Policy Studies
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  • November 13, 2012

    Democracy Now! features report “The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks”

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  • November 13, 2012

    The Hill features report “The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks”

    Visit the publisher's websiteSee the report
  • November 13, 2012

    Reuters features report “The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks”

    Visit the publisher's websiteSee the report
  • November 7, 2012

    The Huffington Post

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    Members of Congress who received good marks in an Institute for Policy Studies (IPS) report card on inequality fared well in the election.

    The report card awarded "A+" grades to 12 House members for doing the most to narrow America's economic divide over the past two years. Eleven of these won their races, including: Representatives Robert Brady (D-PA), Yvette Clarke (D-NY), Steve Cohen (D-TN), John Conyers (D-MI), Marcia Fudge (D-OH), Raul Grijalva (D-AZ), Eddie Bernice Johnson (D-TX), Hank Johnson (D-GA), Barbara Lee (D-CA), Jim McDermott (D-WA) and Jan Schakowsky (D-IL). Rep. Pete Stark (D-CA) lost his seat to a Democratic challenger.

  • November 7, 2012

    The Huffington Post features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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    Well, let's take a look at just who exactly wants to "help" us "fix the debt."

    Fix the Debt is co-chaired and co-"steered" by an array of politicians from both sides of the aisle.

    But there are others on the steering committee. One of these is Dave Cote, CEO of Honeywell. Cote ranked 11th on a list compiled in a recent study conducted by the Institute for Policy Studies of executives who have saved the most from the Bush tax cuts. According to the IPS, Cote's taxable compensation for 2011 was a bit over $55 million, and he got out of paying about $2.5 million thanks to the Bush tax cuts.

    . . . This is the dream team Peterson has assembled to pull us out of this whole mess. Oddly enough, you may have noticed, the lineup looks strikingly similar to that of the team that put us in this mess in the first place. . . 

    Let's be very clear, Peterson and his gang are fixated on the debt because they don't want to pay their fair share of taxes!

  • November 6, 2012

    rabble.ca

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    Though the U.S. joined the EU and Japan at the WTO to gang up on Ontario's green jobs strategy, not everyone south of the border agrees with the Obama administration's hypocritical position (ahem, Buy American).

    "Ontario's [feed-in-tariff] is designed to achieve the twin goals of reducing greenhouse gas emissions which cause climate change and transitioning to a clean-energy economy. These laudable goals are also shared by the Obama administration," wrote U.S. labour and environmental groups in a letter to the USTR on October 18. "We believe it is imperative that governments have the flexibility to put in place policies to address these goals, and that trade rules not undermine such efforts."

    The letter, which was endorsed by ActionAid USA Center for Biological Diversity, Center for Food Safety, Center for International Environmental Law, Communication Workers of America, EcoEquity (USA), Friends of the Earth U.S., Global Exchange, Greenpeace USA, Institute for Policy Studies (Global Economy Project), Public Citizen's Global Trade Watch and Sierra Club, supported the Green Energy Act despite the local content requirements.

  • October 27, 2012

    San Diego Free Press features article “ 10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America”

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    Fix the Debt claims their agenda is not just about spending cuts. But when it comes to their tax proposals, they use the slippery term “pro-growth reform” to push for cuts in deductions that are likely to include credits for working families and — you guessed it — more corporate tax breaks. Chief among these is a proposal to switch to a territorial system under which corporate foreign earnings would be permanently exempted (instead of being taxed when they are returned to America).

    This idea, also supported by the Bowles-Simpson deficit commission, would make it even more profitable for big corporations to use accounting tricks to disguise U.S. profits as income earned in tax havens. Citizens for Tax Justice estimates that such tax haven abuse will cost the Treasury more than $1 trillion over the next decade.

    So who are the CEOs who are telling the rest of us to be responsible and tighten our belts after they’ve spent decades stiffing the U.S. Treasury? Of the 80 members of Fix the Debt’s CEO Fiscal Leadership Council, here are 10 that stand out as the biggest hypocrites:

  • October 27, 2012

    Salon.com features article “ 10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America”

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  • October 26, 2012

    AlterNet features article “ 10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America”

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    Fix the Debt” is a coalition of more than 80 CEOs who claim they know best how to deal with our nation’s fiscal challenges. 

    These are guys who’ve mastered every tax-dodging trick in the book. And now that they’ve boosted their corporate profits by draining the public treasury, how do they propose we put our fiscal house back in order? By squeezing programs for the poor and elderly, including Social Security, Medicare, and Medicaid.

    This idea, also supported by the Bowles-Simpson deficit commission, would make it even more profitable for big corporations to use accounting tricks to disguise U.S. profits as income earned in tax havens. Citizens for Tax Justice estimates that such tax haven abuse will cost the Treasury more than $1 trillion over the next decade.

  • October 26, 2012

    24/7 wall street features report “Inequality Report Card: Grading Congress on Inequality”

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    The Great Recession has brought the disparity between the rich and the poor to the forefront of the news. The Occupy Wall Street movement and terms such as the 99% and 1% further highlight the attention about the subject. 

    Read more: States with the Widest Gap Between the Rich and Poor - 24/7 Wall St. http://247wallst.com/2012/10/26/states-with-the-widest-gap-between-the-rich-and-poor/#ixzz2AR0Facpe

    Additionally, we looked at the Institute for Policy Studies’ Inequality Report Card, which provided grades to senators and congressmen based on their voting record related to income inequality.


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