The "Center for Freedom and Prosperity," an organization that CTJ long ago dubbed the "Tax Cheaters' Lobby" has come out against new regulations proposed by the IRS to require banks to report interest paid to foreign account-holders. The Tax Cheaters Lobby claims that cracking down on tax evasion by foreigners and Americans posing as foreigners would break U.S. laws, cause a collapse of the American financial system, and result in kidnapping and deaths of people all over the world. This report from CTJ addresses and refutes these incredible arguments.

Read the report.

Close corporate tax loopholes, but don't give the revenue back to corporations in the form of rate reductions. Obama should champion a revenue-positive corporate tax reform — just as Reagan did.

Read the report.