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Corporations are pushing hard to bring back billions in cash now stashed overseas at very low tax rates. They argue that, in effect, they should be able to avoid paying normal taxes on huge overseas profits because all sorts of great things will happen once this money comes home.
The last time that corporations won a repatriation holiday was in 2004, and so it's worth taking a close look at the effect of this holiday back then. A Senate committee has been doing just that, crunching numbers to closely scrutiny the effect of the 2004 law.
In case you haven't noticed, leading conservatives -- including Sarah Palin -- have been talking a lot lately about "crony capitalism." This phrase started turning up well before the hyped up Solyndra scandal and is now heard even more often.
A debate over the cozy ties between government and corporations is long overdue. Unfortunately, that is not the debate we are likely to get from the likes of Ron Paul and Sarah Palin.
Washington, DC—Just as the Senate is set to start a debate on the American Jobs Act, the issue of “job quality” is coming to the fore at a national conference entitled “Good Jobs for a Stronger Economy” on Wednesday, October 12.
Here's one more reason to be puzzled by the GOP's animus toward green jobs: It turns out that the clean economy is disproportionately fueling economic growth and opportunity in states that tend to send Republicans to Congress -- states that are also struggli
One grievance of the protesters targeting Wall Street is that financial elites wield way too much power in our democracy. That complaint is hardly new, but the latest figures on money in politics tells a truly troubling story about the vast resources that Wall Street has put into shaping both the legislative process and elections.
Last month, the White House introduced a program that would effectively overhaul the tax code and, as Robert Kuttner put it, "locked [Obama] in as a defender of social insurance and working Americans." The five-pronged tax plan would cut rates and inefficient and unfair tax breaks, increase investment and growth in the United States, reduce the deficit by $1.5 trillion over 10 years and -- most contentiously -- institute the "Buffett rule."
Pop quiz: What’s so bad about the financialization of the U.S. economy over recent decades?
If you’re like most people who are uneasy with the outsized power of finance, chances are you can’t boil down your concerns to a pithy sound bite. So why is there such ridicule of the protesters “occupying” Wall Street for lacking a coherent message?