Caterpillar is just one of many Fix the Debt companies publicly preaching a need to raise additional tax revenues while also lobbying to preserve — or in this case, expand — favored tax perks. One study, by the progressive Institute for Policy...
One study, by the left-leaning Institute for Policy Studies, found that 63 companies advocating for a debt deal would stand to save $134 billion in tax payments if Congress approves a switch to the new system.
An examination by the Institute for Policy Studies foundthat the 71 CEOs of public companies endorsing the campaign have set aside for themselves an average of $9 million in retirement funds from their corporations. That would pay each $110,000 a month for life after...
As negotiations to avert the so-called fiscal cliff intensify, corporate lobbying groups are pushing key tax perks that benefit the wealthy. A coalition of financial institutions, fossil fuel companies, telecommunications firms and even the cigarette company Altria...
The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed. As part of their push, they are advocating a “territorial tax system” that...
