Tag Archives: Center for Public Integrity

Bolstered by Trump Tax Scam, Number of US Corporations Paying ‘Not a Dime’ in Federal Taxes Doubled in 2018

“Corporations zeroing out their tax bills or paying single-digit federal tax rates mean a substantial loss in federal revenue. Calls to cut critical programs and services in the wake of these corporate tax cuts are absolutely connected.”

By Eoin Higgins, staff writer for Common Dreams. Published 4-11-2019

Steve Mnuchin, Mike Pence and Gary Cohn watching the Senate vote on the 2017 tax bill. Photo: White House

A new analysis out Thursday shows that tax policy under the Trump administration is benefitting large corporations to such a degree that twice as many large companies will pay nothing in federal taxes for 2018 compared to previous years.

The report by the Institute on Taxation and Economic Policy, which comes less than a week before tax day in the United States on April 15, found that 60 companies—including Amazon, Netflix, Activision Blizzard, General Motors, and IBM—used “a diverse array of legal tax breaks” to bring their federal tax liability to zero. Continue reading

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Think Dishonest Politics and Dark Money Elections Bad Now? Court Ruling Opens Floodgates for ‘Scam PACs’

The ruling, said one expert, “will embolden scam PACs to trade on the names of candidates to raise money for their own ends from unknowing citizens.”

By Jake Johnson, staff writer for Common Dreams. Published 3-22-2019

“This is unfortunate. It will lead to confusion in the political marketplace. It provides a wide opening for scam PACs to exploit,” FEC chair Ellen Weintraub said of the ruling.. Photo: Fibonacci Blue/flickr

A federal judge on Thursday struck down FEC regulations barring unauthorized political action committees from using a candidate’s name to mislead voters and attract donations, a ruling critics warned could lead to the proliferation of “scam PACs.”

Paul S. Ryan, vice president for policy and litigation with Common Cause, said the ruling “will embolden scam PACs to trade on the names of candidates to raise money for their own ends from unknowing citizens.” Continue reading

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