via the Nation - US Uncut

[hfojvt]

http://usuncut.org/about

"US Uncut is a grassroots movement taking direct action against corporate tax cheats and unnecessary and unfair public service cuts across the U.S. Washington's proposed budget for the coming year sends a clear message: The wrath of budget cuts will fall upon the shoulders of hard-working Americans. That's unacceptable."

...


"In short, budget cuts demonstrate that Washington has abandoned ordinary Americans.

But there is an alternative: Make corporate tax avoiders pay.

Enjoying record profits and taxpayer-funded bailouts as the economy slowly recovers from a financial crisis, nearly two-thirds of US corporations don't pay any income taxes, instead opting to abuse tax loopholes and offshore tax havens. According to this study from the non-partisan Government Accountability Office, 83 of the top 100 publicly traded corporations that operate in the US exploit corporate tax havens. Since 2009, America’s most profitable companies such as ExxonMobil, General Electric, Bank of America and Citigroup all paid a grand total of $0 in federal income taxes to Uncle Sam. Tax havens alone account for up to $1 trillion in tax revenue lost every decade, money that could be invested in K-12 education, colleges, public health, job creation and hundreds of other worthy public programs."


At the state level too. According to the Nation article by Allison Kilkenny "Corporate income tax payments made up only 5.4% of total state tax collections last year, down from 10% in 1980, according to the US Census."

[hfojvt]

1. tanj. I'da thought budget issues were at least as important as Camping

I guess I thought wrong.

[Buns_of_Fire]

2. "But if we make them pay taxes, they might leave...." sniffs the congresscritter.

My one and only response: So what? If they're not paying their share of taxes, and they're only creating (and retaining) jobs in every other country BUT this one, who the hell needs 'em? (Other than the Political Class, who sure love them some fat campaign contributions.)

[hfojvt]

3. in one sense they cannot leave though

If their profits are made in the US, then they would pay US taxes on those profits.

And the US, which still has the biggest economy, is still gonna be a profitable market.

[hfojvt]

4. heck with it

I am kicking this again. It ought to be at least as important as threads about John Edwards.

Or is DU more like People magazine and less like National Geographic?

[hfojvt]

5. one more time

for all the old times