The Dirt on Fix the Debt’s Advocacy of a Territorial Tax System

The Dirt on Fix the Debt’s Advocacy of a Territorial Tax System

On June 12, 2013, the Institute for Policy Studies released the sixth in a series of reports on the Fix the Debt corporate lobby group. This newest report, Corporate Pirates of the Caribbean, uses Fix the Debt members’ SEC filings to calculate how much they would...

First Step to Avoid the Fiscal Cliff: Close Offshore Tax Loopholes

Offshore tax dodging costs United States $150 billion annually — groups illustrate impact with 16 dramatic ways lost revenue could be used. Boston, MA – With Congress scrambling to agree on ways to reduce the deficit, MASSPIRG joined with business,...

New IPS Proposal Would Scrap Most of the Deficit

Without trimming the safety net, an Institute for Policy Studies framework would shrink the federal budget deficit by $881 billion per year while making the United States more equitable, green, and secure. Washington DC — A new Institute for Policy Studies...
The Fiscal Hoax

The Fiscal Hoax

The biggest story in Washington is about something that doesn’t really exist: the so-called ”fiscal cliff.” This manufactured panic is all about politicians and corporate interests getting things they want — things that don’t have much to...
How to Make our Embassies Safer

How to Make our Embassies Safer

The deaths of our diplomats in Benghazi turned the national spotlight where it doesn’t often go — to the security around our embassies and how much we spend on it. In the overheated atmosphere of the election endgame, Republican candidate Mitt Romney and...
7 Ways to End the Deficit (without Throwing Grandma under the Bus)

7 Ways to End the Deficit (without Throwing Grandma under the Bus)

This post originally appeared on Yes! Magazine’s New Economy blog. This fall, the U.S. Congress is going to wage a pitched, dragged-out battle over cutting roughly $120 billion a year to solve the so-called deficit crisis. Vital things like teachers’ jobs...
Wealthy Tax Cheats

Wealthy Tax Cheats

Tax systems that heavily tax the rich are asking for trouble — or so the politicians who cater to the 1 percent incessantly argue. The higher the tax rate on high incomes, their argument goes, the greater the incentive the rich have to waste time and energy...
Sequestering Military Spending

Sequestering Military Spending

In its final stages, debate over the supercommittee has boiled down to squeezing new revenues out of millionaires vs. cutting the social safety net. The largest portion of the discretionary budget, however, funds the military — and that fact has been mostly...
Since the Super Committee Failed, Now The Rest Of Us Can Succeed

Since the Super Committee Failed, Now The Rest Of Us Can Succeed

Thank you to Super-Committee Republicans who remained intransigent in their insistence of governing by and for the 1%, protecting their self-interest and the interests of the Super-Rich and Wall Street Bankers. Thank you to the Super-Committee Democrats who, though...
Occupy the Budget

Occupy the Budget

Some lawmakers are trying to give America the cartoon image of a penniless hobo, circa 1932, with holes in his pants and nothing but a cold can of beans for dinner. We’re broke, they say, with no choice but to slash spending on public services. The truth is that...