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Judging by all the complaints about the Dodd-Frank Act, you might think that Washington over reacted to the financial excesses of a few years ago and that the Feds can now ease up on Wall Street.
In fact, though, bad behavior among America's money men -- and yes, those doing wrong are typically men -- continues onward at a furious pace. Consider just the past month at the SEC:
Other outside dark money groups get the press, but the U.S. Chamber of Commerce gets results. That's because the Chamber, the biggest lobbying organization in the country, doesn't disclose its donors, among whom are the most powerful companies in the country. Those corporations use the Chamber's to anonymously funnell money into competitive races. In the beginning of October alone, they've spent almost $5 million dollars on political races. But that's not the source of their unmatched influence.
COLUMBUS, OH – Voting rights, civil rights and labor organizations are joining forces to erect get-out-and-vote billboards in four Ohio and Wisconsin cities this week, pushing back against an anonymously-financed billboard campaign aimed at intimidating voters and depressing voter turnout.
A new report out by the Citizens for Tax Justice offers further evidence of just how screwed up and porous our corporate tax system has become.
Big companies are making boatloads of money overseas and then often piling it up in tax havens. Which means that not only are they not paying U.S. taxes on these profits -- since taxes can be deferred until cash is brought home -- but nor are they paying taxes to foreign governments.
TICAS points out that this number could be even higher, since their findings rely on data provided voluntarily by colleges and universities and many declined to report.
The National Retail Federation is bearing glad tidings for the upcoming holiday season: America’s stores are expecting solid growth in holiday sales and may hire more than half a million seasonal employees. Non-seasonal employment in the sector is also improving, as retailers, led by clothing and clothing accessories stores, added 9,400 new jobs in September.
Representative Elijah Cummings, the ranking Democrat on the House Oversight Committee, sent his second letter today demanding True the Vote reveal their plan to deny eligible voters the right to vote. But True the Vote continues to mislead.