A new report looks at 10 U.S. corporations that have used an array of tax loopholes and corporate subsidies to slash their tax bills: Bank of America, Citigroup, ExxonMobil, FedEx, General Electric, Honeywell, Merck, Microsoft, Pfizer, and Verizon.
Join veteran labor journalist and Institute for Policy Studies associate fellow Sam Pizzigati for a discussion and signing of his new book.
“The ‘Fix the Debt’ CEOs are trying to pass themselves off as noble leaders who are willing to compromise in order the save America from financial ruin,” says report co-author Scott Klinger. “In reality, the campaign is a Trojan horse concealing massive corporate tax breaks that would make our debt situation much worse.”
The Fix the Debt coalition is using the so-called "fiscal cliff" to push the same old corporate agenda of more tax breaks while shifting the burden on to the rest of us.
Watch the magic of the market at work.
The precedents the Roberts Court is setting are making it easier for corporations to exercise the rights of American citizens without corresponding civic responsibilities.
Citizens United is here to stay unless we show it the door.
Multinational corporations often override domestic laws.
The future of food and farming depends on it.
An alarming percentage of the fish found in creeks contaminated by J.R. Simplot's phosphate mining operations in Idaho are grossly deformed.