Tag Archives: corporate taxes

Protesting Fuel Poverty, People Tell UK Government to ‘Keep Everyone Warm This Winter’

As energy bills—and fossil fuel profits—continue to soar, demonstrators around Britain demanded immediate action from Prime Minister Rishi Sunak and members of Parliament.

By Kenny Stancil.  Published 12-3-2022 by Common Dreams

People called for government action to ensure affordable clean energy for all in Glasgow, Scotland on December 3, 2022. (Photo: Fuel Poverty Action/Twitter)

People in dozens of cities across the United Kingdom hit the streets on Saturday to demand immediate government action to prevent thousands of struggling workers from freezing to death in their homes this winter.

Demonstrators drew attention to the worsening crisis of fuel poverty and called on lawmakers to pick up more of the tab for skyrocketing bills, fund home insulation, and accelerate clean energy production—all of which would be made easier by enacting a stronger tax on oil and gas corporations’ windfall profits. Continue reading

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Just 27 Billionaires Have Spent $90 Million to Buy GOP Congress: Report

“They’re counting on that ‘small’ investment in anti-tax Republicans to save them billions in taxes,” said Americans for Tax Fairness, which conducted the analysis.

By Kenny Stancil  Published 7-18-2022 by Common Dreams

Stephen Schwarzman, co-founder and CEO of Blackstone, speaking at the World Economic Forum in Davos, January 23, 2018. Photo: World Economic Forum/flickr/CC

A few dozen billionaires are spending tens of millions of dollars on the 2022 midterm elections—mostly to support Republican candidates, including many who have parroted the dangerous lie that the 2020 presidential election was stolen—in a bid to ensure that Congress is full of lawmakers willing “to make their wealthy benefactors even richer,” according to a fresh analysis.

Titled Billionaires Buying Elections, the report from Americans for Tax Fairness (ATF) details how “billionaires are increasingly using their personal fortunes and the profits of connected corporations to drown out regular voters’ voices and elect hand-picked candidates who further rig the nation’s economy—especially the tax system.” Continue reading

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After Getting ‘Stealth Bailout’ During Pandemic, US Corporations Try to Kill Proposed Tax Hikes

“When it’s time to finally put workers first, big businesses are spending millions to maintain their advantage and preserve the status quo,” said Kyle Herrig of Accountable.US.

By Jessica Corbett, staff writer for Common Dreams.  Published 10-21-2021

Members of the Patriotic Millionaires hold a federal tax filing day protest in New York City. Photo: Michael Kink/Twitter

Major U.S. companies that got a “stealth bailout” thanks to congressional pandemic relief legislation are now lobbying against President Joe Biden’s proposal to hike taxes on wealthy individuals and corporations through the Build Back Better package, according to a new Accountable.US analysis provided exclusively to Common Dreams.

Accountable.US takes aim at the recent lobbying activities—and in some cases, statements from top executives—of Apple, Baxter International, Bristol-Myers-Squibb, DuPont de Nemours, FedEx, Johnson & Johnson, Oracle, Walgreens Boots Alliance, and Walmart. Continue reading

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Secret IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut”

Billionaire business owners deployed lobbyists to make sure Trump’s 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed.

by Justin Elliott and Robert Faturechi. Published 8-11-2021 by ProPublica

Image: Pixafree.org/CC BY-SA 3.0

 

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Series:
The Secret IRS Files

Inside the Tax Records of the .001%

 

In November 2017, with the administration of President Donald Trump rushing to get a massive tax overhaul through Congress, Sen. Ron Johnson stunned his colleagues by announcing he would vote “no.”

Making the rounds on cable TV, the Wisconsin Republican became the first GOP senator to declare his opposition, spooking Senate leaders who were pushing to quickly pass the tax bill with their thin majority. “If they can pass it without me, let them,” Johnson declared. Continue reading

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