Category Archives: Tax Policy

Seriously Important Federal Budget Choices: What’s Next?

Confused about the many federal budget steps? Ellen Nissenbaum of the Center on Budget & Policy Priorities is leading a live webinar to help provide clarity and an expert explanation of where things stand now. The free webinar is open to the public, and attendees will be given the opportunity to ask questions at the end. Don’t miss out on this great opportunity!

Background: Many are already feeling the impact of the sequestration cuts, and decisions made in the next few months will have a lasting impact on vital safety net programs such as Medicaid, Medicare, and SNAP/food stamps. If Congress fails to act, the automatic cuts will keep happening. This webinar will cover:

  • The ways Congress and the Administration may bridge their differences in the months ahead – and how that affects all of us.
  • Practical steps you can take to fight off efforts to slash services.

Date: Friday, March 22, 2013

Time: 8:00 AM AKDT

Estimated Length: 1 hour, 15 minutes

Register here

What Does Sequester Mean for Alaska?

The White House has released a report outlining the impact of March 1st cuts, also known as the sequester, on middle class families, jobs and economic security in Alaska – unless Congress acts quickly. View the full report here.

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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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