Scott Klinger has been stimulating conversations on the role of corporations in society for more than three decades. As a former Institute for Policy Studies associate fellow, he worked from the inside as a portfolio manager in the socially responsible investment industry and a consultant to one of the world’s largest corporations and from the outside as co-director of the Responsible Wealth project of United for a Fair Economy, research director for Corporate Accountability International, and tax policy director for the American Sustainable Business Council. Most recently, Scott was the Director of Revenue and Spending Policies at the Center for Effective Government.
The federal sub-minimum wage for tipped workers helps large restaurant corporations and their CEOs pad their bottom lines while trapping millions of American workers in economic insecurity.
Surely the businesses that measure their executive pay in dollars per second can afford raises to bring their lowest wage workers above the poverty level.
Nearly 40 percent of the CEOs on the highest-paid lists from the past 20 years were eventually “bailed out, booted, or busted.”
Millions of people acting together can still beat millions of dollars.
There would be no need for our elected leaders to trim our safety net if our richest corporations didn’t turn avoiding their fair share of taxes into an art form.
The “Fix the Debt” lobby group called a recent IPS report “lies and mudslinging.” But rather than attacking IPS research, the group may want to focus on resolving their own inconsistencies.
Tax havens could be something that the right and left agree on in Congress. Meanwhile U.S. multinational corporations continue to lobby for bigger, better tax haven loopholes.
Instead of gaming the tax system to boost corporate profits, American business leaders need to start investing more in this nation.
A new report looks at pro-austerity CEOs who seek to widen tax haven loopholes.
A new report by IPS and Campaign for America’s Future shows that America’s top CEOs are pocketing massive taxpayer subsidies at the same time they’re pushing austerity cutbacks in government programs that benefit ordinary citizens.
A new report looks at 10 U.S. corporations that have used an array of tax loopholes and corporate subsidies to slash their tax bills: Bank of America, Citigroup, ExxonMobil, FedEx, General Electric, Honeywell, Merck, Microsoft, Pfizer, and Verizon.
American taxpayers are increasingly picking up the tab for unpaid corporate taxes.
Compared with ordinary Americans, CEOs pushing cuts have little to lose. CEO-backed cuts would reduce retirement benefits for a typical home care worker by almost 16 percent.
How benefit cuts would impact health industry CEOs versus home health aides.
The corporate-driven campaign didn’t get everything it wanted with the fiscal deal, but it’s likely to continue to be a major force as budget talks continue.
While the White House and much of the media spun the hurried late-night move as a victory for the middle class, it was a win paid for with new tax cuts worth hundreds of billions of dollars for America’s wealthiest families.
The early reaction by many progressive organizations is that it would be better to go over the cliff than accept the emerging bargain the President has offered.
In poll after poll, the American people say they are far more concerned about the jobs crisis than the “debt crisis.” A powerful coalition of CEOs says they have an answer for both problems.
This commonsense guide to avoiding the fiscal swindle would nearly eliminate the budget deficit while making the United States more equitable, green, and secure.