Fix the Debt Coalition lobbies up

By Dave Levinthal

Fix the Debt Coalition hires government affairs professionals to press financial reform agenda.

Excerpts from this story referencing "Office of Management and Budget":

"… mer Rep. Jim Nussle, R-Iowa, who also served as President George W. Bush's Office of Management and Budget director.  Its "Fiscal Leadership Council," however, tilts decidedly …"

FACT CHECK: Social Security scare tactics

By FactCheck.Org

Both campaigns make misleading claims about potential changes to Social Security

Excerpts from this story referencing "Tax":

"… posted a chart with the headline, “The Romney-Ryan plan: Raise Taxes on Middle-Class Seniors.” The chart purports to show how much more in …"

"… enefits by 58 percent. That comes from an analysis by the nonpartisan Tax Policy Center of “a revenue-neutral individual income Tax change th …"

"… , hasn’t said which Tax exclusions he would eliminate or reduce. So, the Tax Policy Center made some assumptions. Its analysis listed the partial exclu …"

"… president’s speech in Florida: “Biden Has Repeatedly Voted For Higher Taxes On Social Security Benefits,” with a link to the RNC website  …"

'Drastic' defense cuts would set the clock back only to 2006

By Zach Toombs

The Congressional Budget Office suggests that budget sequestration may not gut the defense budget.

Excerpts from this story referencing "weapons systems":

"… o cutback as much as it has predicted on ballooning expenditures for major weapons systems. The CBO's analysis "instead assumes that future acquisitions program …"

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

Senate committee finds most 'trapped' offshore income is already in U.S.

By John Aloysius Farrell

Senate committee finds most 'trapped' offshore income from Google, Microsoft already in U.S.

Excerpts from this story referencing "America":

"… in so-called “trapped” foreign earnings back home and invest it in the American economy.But a Senate report released Thursday shows the money is anything …"

"… richest firms have already brought hundreds of billions of dollars back to America, without paying U.S. taxes, and invested it in US banks, bonds, stocks and …"

"… . Under current law, when a foreign subsidiary returns its earnings to the American parent company, it must pay the difference between the tax of the country …"

"… nies have deposits in U.S. banks or in U.S. bonds does not mean that their American parent companies are able to deploy those funds in the US economy, said A …"

FACT CHECK: Rick Perry’s dubious tax promise

By FactCheck.Org

Texas Gov. and presidential contender's flat tax plan isn't quite flat for lower-income taxpayers

How candidates' tax plans would affect one struggling family

By Amy Biegelsen and John Aloysius Farrell

Republican presidential candidates' ambitious tax plans don't help working class

Excerpts from this story referencing "Obama":

"… an families, there is no status quo: if Congress does not act on President Obama’s proposals, the Bush-era tax cuts are scheduled to expire, with powerfu …"

"… roposals, and what would happen if the Bush tax cuts expire.In a nutshell, Obama wants to end the Bush tax cuts for the wealthiest Americans, while retaini …"

"… percent national sales tax.Millionaires would fare well under any plan but Obama’s. To avoid massive deficits, Perry’s plan would require huge cuts in …"

Wealthy corporations with a trillion dollars stashed offshore lobby for a 'holiday' from U.S. taxes

By John Aloysius Farrell and Aaron Mehta

Wealthy corporations are lobbying for a tax holiday for a trillion dollars stashed offshore

Excerpts from this story referencing "Luxembourg":

"… nder the 2004 law included the Netherlands, Switzerland, Bermuda, Ireland, Luxembourg and the Cayman Islands. In many cases, the money was moved through shell c …"

How an Obama fundraiser turned Oklahoma into a personal tax haven

By Bill Allison

How George Kaiser turned Oklahoma into his personal tax haven

Excerpts from this story referencing "bank":

"… investment by the Tulsa billionaire's family foundation in Solyndra, whose bankruptcy may leave taxpayers on the hook for $535 million in federal loans, h …"

"… eating of America. The chapter on Kaiser can be accessed here. Solyndra's bankruptcy has led to multiple investigations by the Federal Bureau of Investig …"

"… n their books backed by devalued assets, including empty office towers and bankrupt energy producers. During the bust, Kaiser changed course again, and s …"

"… cers. During the bust, Kaiser changed course again, and started buying up bankrupt firms like Waterford Energy, which had all of $7 million in assets and …"

Pentagon's accounting shambles may cost an additional $1 billion

By R. Jeffrey Smith

DOD said its books wouldn't be clean until 2017; Panetta wants to move the deadline up

Excerpts from this story referencing "Pentagon":

"… ms have proven so difficult to implement. …"

"… , according to defense officials and congressional sources.Experts say the Pentagon’s accounting has never been reliable. A lengthy effort by the military s …"

"… ncrease expenditures, sources say. Above the $6 billion already committed, Pentagon officials say they were already budgeting $300 million a year for new acco …"

"… perts on Capitol Hill say that until the military’s books are fixed, the Pentagon — responsible for more than 43 percent of all discretionary spending— …"

Top fisheries official says EU is investigating illegalities by Spanish companies

By Kate Willson

Top EU fishing official responds to allegations of misappropriated funds by ICIJ

Excerpts from this story referencing "Vidal Armadores":

"… of the stories focused on a family-controlled firm in northwestern Spain, Vidal Armadores, which received at least €8.2 million in subsidies while it faced more t …"

FACT CHECK: Ad on billionaire's statement misses the facts

By FactCheck.Org

Tax burden is actually more equal than liberal advocacy group portrays in video campaign

Excerpts from this story referencing "Tax":

"… uld get a federal income Tax refund totaling $1,944, according to the Tax Foundation’s Tax calculator. Subtracting that from all the payroll Taxes …"

FACT CHECK: Obamas' tax rate not lower than the average teacher's

By FactCheck.Org

From every angle, the Obamas' tax rate was substantially higher than that of a teacher or firefighter

Excerpts from this story referencing "Tax":

"… our calculations, which we confirmed with Nick Kasprak, an analyst at the Tax Foundation.A childless couple making $50,000 would have paid more — but …"

"… , we calculated 2010 federal income Tax liabilities using the 2010 “Tax Calculator” on the H&R Block website. Those calculations agree with …"

"… ulations agree with the independent calculations of analyst Kasprak at the Tax Foundation. We used the Tax Foundation’s “2011 Marginal Rates Cal …"

"… nt calculations of analyst Kasprak at the Tax Foundation. We used the Tax Foundation’s “2011 Marginal Rates Calculator” for 2011 figures. …"

Improper EITC payments top $11 billion

By Laurel Adams

A quarter of earned income tax credit payments are improper, amounting to $11 billion to $13 billion in 2009, the Internal Revenue Service r

Tax credits for alternative-fuel vehicles went to prisoners, IRS employees

By Laurel Adams

The IRS allowed $33 million in erroneous tax credits for alternative-fuel motor vehicles last year. A review by the Treasury inspector gene

IRS not strict enough on fraudulent tax refunds to nonresident aliens

By Laurel Adams

The Internal Revenue Services needs to strengthen its review of tax refunds to nonresident aliens before they are sent out of the country, a

Stimulus tax credit may increase penalties

By Laurel Adams

The “Making Work Pay” tax credit, which increased take—home pay for workers, may result in 13.4 million people actually owing the government

Dave Camp — Ways and Means Committee

By Peter H. Stone

Dave Camp of Michigan, the presumptive new chairman of the tax-writing House Ways and Means Committee, was first elected two decades ago and

Excerpts from this story referencing "Tax":

"… sIn 2010, Camp got five earmarks worth more than $1.6 million according to Taxpayers for Common SenseFor 2008-10, the same group calculated that Camp by …"

Farm subsidies still missing from USDA’s data-rich website

By Jim Morris

The Agriculture Department says it makes farm subsidy data available to anyone who asks, but turning the data into something useful is tedio

Excerpts from this story referencing "USDA":

"… tories.EWG’s herculean efforts aside, it seems reasonable to ask why the USDA doesn’t make the subsidy data available in a user-friendly form on its o …"

"… sts, livestock slaughter, and food price inflation. Pressed on the matter, USDA spokesman Caleb Weaver wrote in an e-mail that the agency “will continue …"

"… at: Farm subsidy payments made by the U.S. Department of AgricultureWhere: USDA, Washington, D.C.Availability: Released under FOIAFormat: Colon delimited …"

Audit rates of rich fall, audits of poor spike

By The Center for Public Integrity

The IRS has upped audits on the working poor while dramatically decreasing audits on corporations and the wealthy

More corporations pay less in taxes

By The Center for Public Integrity

Corporate tax payments accounted for 23 percent of all federal tax revenue in 1960. By 2007 that figure had dropped to just 14 percent

Excerpts from this story referencing "Tax avoidance":

"… in federal taxes (though the IRS has since managed to recoup those funds). …"

"… s is closer to 17 percent — lower than that of most individual citizens. Tax avoidance tactics abound, including funneling U.S. profits to tax-free subsidiaries …"

Influencing the IRS

By Elizabeth Brown

Nearly 500 companies lobby the tax agency

Excerpts from this story referencing "U.S. Chamber of Commerce":

"… ied the IRS.Some of the biggest groups in Washington, D.C., —such as the U.S. Chamber of Commerce, the American Gaming Association and even the AFL-CIO—have pressed their …"

Early warning

By Alan Green

WASHINGTON, May 5, 2004 — One year before the U.S. invasion of Iraq, then-Secretary of the Army Thomas E. White informed a trio of top-level

Excerpts from this story referencing "Contractor":

"… work now going on in Iraq is scheduled to be released later this month.“Contractors have become a necessity in the performance of the most sensitive public w …"

The big pong down under

By Bill Birnbauer

Less than two years after turning control over to a privatized firm, Adelaide took on a certain stench

Excerpts from this story referencing "Los Angeles":

"… ontract. In 2002, Rann came to power, and Olsen was made consul-general in Los Angeles. …"

Low rates, needed repairs lure 'big water' to Uncle Sam's plumbing

By Erika Hobbs

Low rates, needed repairs lure 'big water' to Uncle Sam's plumbing

Excerpts from this story referencing "Environmental Protection Agency":

"… alists, a project of the Center for Public Integrity. Since 1996, when the Environmental Protection Agency first warned of a looming water infrastructure crisis, private water compa …"

"… pically rely on to help upgrade their water systems is dwindling. The Environmental Protection Agency estimated in September 2002 that the budget shortfall to make these r …"

A tale of two cities

By María Teresa Ronderos

Flooded streets and backed up sewers plague Columbian city

Excerpts from this story referencing "Astrid Alvarez":

"… in 1999, 91 percent of customers pay on time, said EAAB's general manager Astrid Alvarez. Higher rates in Bogotá are due to better coverage in poor areas and the …"

The 'aguas' tango

By Daniel Santoro

Cashing in on Buenos Aires' privatization

Excerpts from this story referencing "Mario Parravicino":

"… le for it, the government or Aguas Argentinas." …"

"… al was needed in large amounts to bring water and sewer connections to the Mario Parravicinos and Alejandra Rusmans of the vast poor neighborhoods around Buenos Aires. …"

Metered to death

By Jacques Pauw

How a water experiment in South Africa caused riots and a cholera epidemic

Excerpts from this story referencing "Nkobongo":

"… e black township settlements that are home to about 12,000 people. This is Nkobongo, where Radebe lives.Rows of new government housing line the tidy township …"

"… nsformed their utilities into profit-driven, publicly owned enterprises.In Nkobongo, where David Radebe lives, the French water company Saur won a 30-year con …"

"… milies like Radebe's have neither.Instead, families desperate for water in Nkobongo turn to the nearby Mhlali River and other streams. Radebe said he borrows …"

"… lean and free.Ngwelezane is a two-hour drive north of Radebe's township of Nkobongo in the former homeland of KwaZulu. Of a population of 1.5 million people, …"

Promoting privatization

ICIJ research showed that privatization is playing an ever-increasing role in bank lending policies

Cholera and the age of the water barons

By Bill Marsden

Cholera turned out to be a chronicle of death foretold by blind ideology