Wednesday, May 6, 2015
tax breaks
Energy, Oil, Fracking, Drilling, Economy, Tax Breaks, Minnesota, North Dakota, Wisconsin

Frac Sand Industry Feels The Effects Of Low Oil Prices, Less Drilling

While the frac sand industry has slowed due to cheap oil, American frac companies hope to expand due to tax breaks.

April 10, 2015
Ron Wyden

Wyden Reaches Out To Republicans On Inversions Measure

By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON — The head of the Senate’s tax-writing panel issued a statement Tuesday offering Republicans a carrot to join Democrats in blocking the ability of some U.S. corporations to shift headquarters overseas to enjoy huge tax breaks called inversions. “Following efforts in August, it’s clear there is an […]

September 9, 2014
Walmart

Walmart’s Top-To-Bottom Taxpayer Subsidies

Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit. The cutbacks ate into the discount giant’s sales because so many of its low-income customers rely on this public assistance program to help pay for their groceries. And that made it tough for the company’s top brass to […]

June 5, 2014
U.S. Congress

Congress Considers Tax Breaks From Horse Racing To Stock Car Racing

By Maria Recio, McClatchy Washington Bureau WASHINGTON — Horse racing may be thought of as the sport of kings, but the National Thoroughbred Racing Association says breeders and stable owners need a tax break just like everybody else. Stock car racing has a regal status among its followers, but NASCAR has its hand out, too, […]

May 12, 2014
3-19-14bud-f1

5 Reasons The Deficit Has Fallen By Nearly $5 Trillion (And Why That’s A Bad Thing)

This year’s deficit will likely be $514 billion, down about a quarter from last year’s deficit of $680 billion, which was down by more than a third from the year before. “Since 2010, projected 10-year deficits over the 2015-2024 decade have shrunk by almost $5.0 trillion, $4.1 trillion of which is due to four pieces […]

March 19, 2014

5 Examples Of How The GOP’s Deficit Obsession Is Complete B.S.

After years of ranting about the deficit, Republicans celebrated the news that it had been cut by almost two-thirds by completely ignoring it and finding some other disingenuous talking point to rant about. The reduction in America’s budget overruns comes largely from the ending of some of the Bush tax breaks for the rich and […]

February 5, 2014