4 votes

Meet The 31 Corporations and Banks Who Dodged $128 Billion in US Taxes

By: Jason EasleyFeb. 7th, 2013

Sen. Bernie Sanders released a report today directly taking on the Business Roundtable, by outing 31 banks and corporations who have dodged $128 billion in taxes.

According to the report, the 31 corporations and banks have dodged $128 billion in taxes by setting up offshore tax havens. They have received $6.5 billion in tax refunds, and $2.5 trillion in taxpayer bailout money. While stuffing their pockets with trillions of taxpayer dollars, the Business Roundtable has called for the deficit to be reduced by raising the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, and increase taxes on working families.

The reason why congressional Republicans are adamantly opposed to generating new revenue through closing these loopholes is that doing so would force these tax dodgers to pay their fair share. For Republicans, the concept of fairness only applies to making sure the wealthy get more by doing less. One of the reasons why Republicans continue to lose elections is because they insist on protecting corporations and banks at the expense of the American people.

read more http://www.politicususa.com/sanders-report-corporations-tax-...

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

31 seems like a pretty arbitrary place to end the list.

Who's 32 and why did they stop there?

the joke

Politicians should wear uniforms, like nascar, so we could identify their sponsors.

Know me, and you will know of the men and women that forged my soul.

what's the real point?

This article seems to miss the point. No money should be spent by the gub'ment on any business for any reason, much less money raised from the so called "income tax" for private corporate bailouts. Such "taxes" and "tax loop holes" are an inherent part of a currupt, self serving, self perpetuating imperial governmental system. Punishinshing some of the recipients of such largess, but not the cause merely encourages the currupt system to change and adapt to accomodate the altered circumstances.

Now, to out all the players, both enablers and beneficiaries, which includes Bernie Sanders and the rest of congress, as well as their corporate partners, who together have crafted this system and culture of thef, graft, and general curruption, would do a real service. Anything less merely erects strawmen and only distracts from the real problem.

Erecting strawmen seems to be the real point of this article.

~ Engage in the war of attrition: http://pacalliance.us/redamendment/

The point is that some

The point is that some Americans get to dodge taxes while the rest can't or the IRS with guns will knock down your door. When corporations dodge taxes the taxes are pushed on to the rest of us. The ones that dodge taxes rob the ones who don't. On top of dodging taxes those same corporations received corporate welfare

Ya, I get that

Just saying that there's a larger context in which this "unfair" practice takes place. And there are other players. Boohooing about why some get exempt from an already un lawful system doesn't help to solve the real problem.

~ Engage in the war of attrition: http://pacalliance.us/redamendment/

Those same corporations write

Those same corporations write the tax codes, lobby congress for welfare, so in essence those corporations are a wing of the IRS, federal reserve. Your right Johnny Boy more should be explained when discussing the top tax dodgers

Good news and bad.

It is bad that it is unfair. It is good that the government had less money to spend on warfare, surveillance, oppression, and everything in general.


good. Taxes are evil. We should all pay as little tax as possible.

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com