Browsing All posts tagged under »corporate welfare«

The Corporate Fellatio Continues: Congress sets to make tax loopholes permanent

May 5, 2014


Republicans in the House are getting ready to grease the skids to make a series of tax breaks and loopholes permanent that only benefit the super-wealthy and their corporations they own. They don’t intend to offset them by closing other loopholes or raising rates; no sensible cost-cutting; none of the “dollar-for-dollar” demands they put into […]

Millionaires getting $30 BILLION in federal subsidies and refunds

November 14, 2011


Hey gang!  You know all those fear-mongering headlines about how the Republicans and Democrats in the “Super Congress” can’t find a mutually agreeable position on where to cut spending and/or raise taxes to meet the debt-reduction deadline of Nov. 23?  You know how they’re constantly babbling about “class warfare” and how it’s “unfair to expect […]

Congress eyes increasing corporate welfare via another ‘tax holiday’

June 22, 2011


Did you know that the Obama administration – fueled by about two dozen Republicans in Congress and the lobbyists for  Microsoft, Oracle, Pfizer, Apple and several other major firms – are pushing for a corporate tax “repatriation” holiday? The plan is to give select multi-national corporations “special dispensation from tax laws” on the more than […]

You’re getting hosed at the gas pump and in Washington

May 12, 2011


Attention all fans of “Trickle-Down Economics” and rampant deregulation of the oil and gas industry: You got what you asked for. Republican deregulation and blind Congressional fealty to corporate executives has given us a federal government that is wholly owned and driven by corporate America. And what’s the most visible and obvious result, other than […]

GOP & Paul Ryan: The party of no answer.

April 11, 2011


In September 2006, the House of Representatives passed what they called earmark reform. The legislation was co-authored by Congressman Paul Ryan.  The legislation was meant to require lawmakers to identify the special projects that they slip into legislation.  Now Ryan is trying to play a track from his greatest hits album by proposing almost identical […]

The Death of Taxes

April 10, 2011


Just in case your blood pressure is too low today. Here is a list of the top 10 corporations in the United States which either paid no corporate income taxes whatsoever, paid very little, or (Caution: Stroke alert) got a REFUND from the Internal Revenue Service.  The list was compiled by Senator Bernie Sanders, Independent […]

The G.E.ttysburg Address

March 30, 2011


General Electric received $300 million in federal energy grants from 2000 to 2010 (and spent $19.5 million per year in the same time lobbying for more subsidies). That’s million, with an “M.” General Electric posted more than $2.94 Billion in net profits for the fourth quarter of 2010. That’s billion, with a “B.” General Electric […]