Meet the Top Wall Street and Corporate Tax Dodgers (see link for list) Recently, the Business Roundtable came out with a plan to raise the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, and increase taxes on working families. Many of the corporations and Wall Street bank s represented by the Business Roundtable have: · avoided more than $128 billion in taxes by setting up over 500 subsidiaries in the Cayman Islands, Bermuda, and other offshore tax havens since 2008; · received more than $6.5 billion in tax refunds from the IRS, after making billions in profits; · outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits; and · received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department and nearly caused the economy to collapse over four years ago ... Here are just a few examples of how the corporations and Wall Street banks these CEOs work for have significantly harmed our economy and the federal budget: (see link for list) sanders.senate.gov/imo/media/doc/Tax-Dodge-Report-3.pdf
Posted on: Thu, 10 Apr 2014 15:32:27 +0000
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