Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times. Meanwhile, over the same thirty-year time span the median American worker has seen no pay increase at … Continue reading »
Three lies about the need to lower corporate taxes
Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they’re lies. You need to know why so you can spread the truth. Lie #1: U.S. corporate tax rates are higher than the tax rates of other big economies. … Continue reading »
Corporations don’t need a tax cut, so why is Obama proposing one?
The Obama administration is proposing to lower corporate taxes from the current 35 percent to 28 percent for most companies and to 25 percent for manufacturers. The move is supposed to be “revenue neutral” – meaning the Administration is also proposing to close assorted corporate tax loopholes to offset the lost revenues. One such loophole … Continue reading »
Newt’s tax plan — and why his polls rise the more outrageous he becomes
Newt Gingrich has done it again. With his new tax plan he has raised the bar from irresponsibility to recklessness. Every dollar estimate I’m about to share with you comes from the independent, non-partisan Tax Policy Center – a group whose estimates are used by almost everyone in Washington regardless of political persuasion. First off, Newt’s … Continue reading »