Top 10 Worst Corporate Tax Avoiders (via The Cognitive Dissonance.com)

If my recollection is correct, roughly seven percent of American taxes (federal) are paid in by corporations. Some twenty years ago, that number was twenty percent. That’s a lot of difference. It hurts a lot of people and makes it difficult for the nation to do many necessary things. America’s infrastructure needs a trillion and a half dollars to restore it to full capability. That’s right, a great deal of our roads, pipelines, dams, etc. are in disrepair and it is not getting better.

James Pilant

Top 10 Worst Corporate Tax Avoiders Bernie Sanders uncovers the worst corporate tax   avoiders in  no  particular order:   Exxon Mobil Bank of America General Electric Chevron Boeing Valero Energy Goldman Sachs Citigroup Conoco Phillips Carnival Cruise Lines  Via disinfo.com: 'Why is Congress giving tax cuts and refunds to America’s wealthiest corporations, whilst welfare families, low-income and middle class communities, teachers, children and the elderly are being asked to sacrif … Read More

via The Cognitive Dissonance.com

Senate blocks bill repealing $2B in oil tax breaks (via CBS News)

Once again we see who is important in Washington. Giant highly profitable oil companies get the help they want need while the public pays the full amount at the gas pump.

From the article at CBS News

“Symbolic votes like this that aim to do nothing but pit people against each other will only frustrate the public even more,” Senate Majority Leader Mitch McConnell said.

“Americans really aren’t interested in scapegoats,” he continued. “They just want to pay less to fill up their cars. That’s why this Democratic bill to tax American energy is an affront to the American people.”

I can think of 2 billion reasons this is not a “symbolic” vote and if by pitting people against each other, you mean calling the multibillion dollar profiting oil companies being called to task for their cynical political machinations, pitting people against each other, you are a very cynical man.

Is it ethical to manipulate Congress for relief from taxes when you run an extremely profitable multi-national corporation? It is ethical to call your opponents Un-American for wanting fair taxation?

You do not have to do a deep analysis of the ethical components here. This is a tragedy for the American people that evades the word, theft, by a razor’s edge.

More significant is that both these oil companies and the congressmen protecting them can be found day after day preaching with complete and apparent total conviction the value and importance of free markets. But we see here the colossal hypocrisy, basically six large corporations dictating to a suppliant congress a vast competitive advantage over any competitors. What about the innovation and low prices that competition brings about? Where’s that?

I have been told I am shrill. Explain to me at a time when there are serious plans to limit or eliminate Medicare and Social Security, why these companies should be able to evade their taxes. Tell me. Apparently this nation deserves no tax money from corporations since we don’t provide laws, roads, education, or a horde of ships, tanks, and planes to defend their property. Yeah, I’m shrill. Isn’t someone supposed to look out for the citizens?

From time to time I explain these things to people and they ask me who they should vote for. I tell them honestly, “There is no one.” The only difference between the two parties is in the level of obedience that lobbyists can command. I believe the welfare of the American people figure at most peripherally in the affairs of our government.

James Pilant

Inside the Beltway… (via Scenarios and Strategy)

Click on the link below to see the cartoon. It’s a good one. The battle over net neutrality illustrated. This is delicious. And it is accurate.

Fighting the net neutrality battle for a small blog seems almost hopeless but there a lot of us. We’re disorganized and highly independent. It doesn’t make for good group cohesion. But we have our anger and each of us has our own niche on the web. Maybe we can make some difference in this battle.

James Pilant

Inside the Beltway... From Christopher Wright, a comic illustrating a theme that we’ve visited before (e.g., here and here)  While he focuses on Net Neutrality, one should feel free to substitute the Corporatist concern of one’s choice– energy policy, agricultural policy, financial industry policy, pharmaceuticals, intellectual property, etc., etc.– the mechanism works in just the same way… Corporations are people, the Supreme Court averred as it proscribed any im … Read More

via Scenarios and Strategy