Monthly Archives: February 2012

Poll: Small Business Owners Say Big Businesses, Millionaires Not Paying Fair Share of Taxes

90 percent of small business owners in nationwide poll say big corporations use loopholes to avoid taxes that small businesses have to pay; majority support increasing taxes on millionaires and letting high-end tax cuts expire

Washington, DC – Small business owners see corporate tax loopholes and accounting gimmicks used to shift U.S. profits offshore to avoid taxes as serious problems, according to an independent nationwide opinion poll released today. Small business owners think big corporations and the wealthy don’t pay their fair share of taxes, the poll shows. They support increasing taxes on millionaire incomes, letting high-end tax cuts expire, and closing the carried interest loophole that gives big tax breaks to hedge fund managers.

These are among the key findings summarized below of a scientific nationwide survey of small business owners released by the American Sustainable Business Council, Main Street Alliance and Small Business Majority. Click here to read the report.

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Phil Barbell Pension Presentation

Phil Barbell gave a a presentation to the Alaska State Senate Leadership outlining the state’s public pension system Alaska Retirement Management Board. His presentation aims to provide legislators a clear understanding of Resolution 2011-23 and its attachments approved by the Alaska Retirement Management Board, as well as other exhibits helpful in understanding the dynamics of the unfunded liability.  A PDF of his presentation is available at this link.

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes, U.S. PIRG Study Shows

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – XX PIRG and Citizens for Tax Justice reveal 30 corporations that spent more to lobby Congress than they did in taxes.

The report, Representation without Taxation: Fortune 500 Companies that Spend Big on Lobbying and Avoid Taxes takes a close look at one area where corporate power and influence is on full display: corporate tax policy. By exploiting loopholes and special provisions in the tax code, 280 consistently profitable Fortune 500 companies paid about half the statutory corporate tax rate while spending $2 billion to lobby Congress on tax policy and other issues. The report also looks at the “Dirty Thirty” particularly aggressive tax avoiders that spent more on federal lobbying than income taxes between 2008 and 2010. Twenty-nine of these corporations actually received a net tax rebate during the three year period of the study.

“The fact that so many corporations can spend more money lobbying than they pay in taxes makes a mockery of our tax code and our democracy,” said U.S. PIRG Democracy Advocate Blair Bowie, co-author of the report.

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February Alaska Economic Trends

February Trends examines the major role of the federal government in Alaska’s economy: funding, jobs, and how the federal influence has changed over time. Also this month is an overview of the “other” unemployment rate – the insured unemployment rate or IUR – which measures only the unemployed workers who actually apply for benefits. Finally, Trends looks at poverty rates and how they are measured. These federal thresholds, which apply to all states regardless of the cost of living, paint a picture that varies greatly across Alaska and among demographic groups.  Read More Here

Source: Redacted from Alaska Department of Labor & Workforce Development 2/8/2012

Toxic Threat: Coal and your Health Upcoming Lecture Seriews with Alan Lockwood, MD

Alaska Community Action on Toxics is proud to invite you to one of four local receptions and presentations with Dr. Lockwood. He will discuss the growing body of medical evidence linking coal development to risks to your health.

Several new coal mines are proposed in Alaska from the Matanuska Valley to Chuitna. A new coal terminal and stockpiles may be coming to Port MacKenzie, just a few miles from downtown Anchorage. Please join us at one of the following events to learn how our lives and health could be impacted.

Anchorage: Tuesday, February 14, 2012
Time: 6:30 pm Reception
7:00 pm Lecture
Location:     Out North Theater
3800 Debarr Road, Anchorage, AK
Sponsors:  Alaska Community Action on Toxics
Cook Inletkeeper
Facebook:    https://www.facebook.com/events/100935943368612/
 Fairbanks: Wednesday, February 15, 2012
Time: 6:30 pm Reception
7:00 pm Lecture
Location:     Wood Theater Ballroom, UAF
505 South Chandalar Drive, Fairbanks, AK
Sponsors:  Alaska Community Action on Toxics
Northern Alaska Environmental Center 
Facebook:    https://www.facebook.com/events/248269991917529
 
      Palmer: Thursday, February 16, 2012
Time: 6:30 pm Reception
7:00 pm Lecture
Location:     Palmer Train Depot
610 South Valley Way, Palmer, AK
Sponsors:  Alaska Community Action on Toxics
Mat Valley Coalition
Facebook:    https://www.facebook.com/events/309411595771052
       Homer: Friday, February 17, 2012
Time: 6:30 pm Reception
7:00 pm Lecture
Location:     Alaska Islands & Ocean Visitor Center
95 Sterling Hwy, Homer, AK
Sponsors:  Alaska Community Action on Toxics
Cook Inletkeeper
Facebook:    https://www.facebook.com/events/264733163596371/

Dr. Alan H. Lockwood is an Emeritus Professor of Neurology at the University at Buffalo. A graduate of Cornell University and Cornell University Medical College, Dr. Lockwood is
board certified in Neurology, a member of the American Neurological Coal's Assault on Human HealthAssociation and a Fellow of the American Academy of Neurology. He is the author of approximately 220 publications on diverse scientific topics ranging from hepatic encephalopathy to environmental toxicants. He has been an active member of Physicians for Social Responsibility (PSR) for three decades,  and was President of PSR National in 1994.

Currently, Dr. Lockwood is a member of the Board and Co-Chair of the Environment and Health Committee. Dr. Lockwood is the principal author of the PSR report “Coal’s Assault on Human Health“. MIT Press will publish a book-length version of this report later this year.

For more information contact:
Heidi Zimmer at Alaska Community Action on Toxics, email: heidi@akaction.org, (907) 222-7714

Source: Redacted from Alaska Community Action on Toxics 2/8/2012

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