Washington, D.C. – Today, Senators Elizabeth Warren (D-MA) and James Lankford (R-OK) reintroduced the Truth in Settlements Act, a bill that would increase transparency around settlements reached between federal agencies and corporations accused of wrongdoing.
The tax reform battle in Congress is looking to be a long, hard-fought one, but the president’s recent executive order shows that there may be no need to wait to start giving huge tax breaks to corporate giants.
Washington, D.C. – Today, Representative Lloyd Doggett (D-TX) introduced the Corporate EXIT Fairness Act and the Stop Tax Haven Abuse Act along with co-sponsor Sheldon Whitehouse (D-RI). These bills would close a number of loopholes that let corporations and wealthy individuals book income to offshore tax havens to avoid taxes. The Joint Committee on Taxation calculates that this legislation would save taxpayers over $250 billion.
Washington, D.C. – Statement by Michelle Surka U.S. Public Interest Research Group Tax and Budget Program Advocate, on legislation introduced today by U.S. Sens. Jack Reed (D-RI) and Chuck Grassley (R-IA) that would prevent corporate wrongdoers from reaping massive tax windfalls from the payments made to settle allegations of criminal wrongdoing.
Today marks one year since a leak of millions of documents from the Panamanian law firm Mossack Fonseca gave a preview into the world of anonymous companies used to hide money both here at home and abroad.
Corporations from Walmart, to Aflac, to Duke Energy were among the largest contributors to candidates in states during 2016, according to a new analysis of data by the U.S. Public Interest Research Group (U.S. PIRG).
President Trump gave his first address to a joint session of Congress on Tuesday, highlighting his legislative priorities for the coming year. His speech touched on issues ranging from the budget, infrastructure, and special interest influence in government.