Allowing the Bush Dividends Tax Cut to Expire for the Richest 2% Will Not Harm Seniors

July 22, 2010 11:46 AM | | Bookmark and Share

Only seniors who are among the richest two percent of taxpayers would lose any of their dividend tax cuts under proposals being discussed. Arguments that corporations would reduce dividend payments in response are not credible because two-thirds of dividends are paid to tax-exempt entities.

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Offshore Drilling and Taxes: Gulf Oil Spill Highlights Problems with the U.S. International Tax System

July 19, 2010 02:59 PM | | Bookmark and Share

The explosion of the Deepwater Horizon drilling rig has focused the world’s attention on the environmental disaster in the Gulf of Mexico. It also reminds us of another disaster — the U.S. international tax system.

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Holtz-Eakin Peddles Myths about the Bush Tax Cuts

July 16, 2010 03:54 PM | | Bookmark and Share

On July 14, Douglas Holtz-Eakin, chief economic adviser for John McCain’s presidential campaign and former director of the Congressional Budget Office, gave written and oral testimony to the Senate Finance Committee concerning the Bush tax cuts. To make his case, Holtz-Eakin endorsed several myths about the Bush tax cuts.

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What Oil and Gas Companies Extract — from the American Public

July 9, 2010 03:57 PM | | Bookmark and Share

In the wake of the disastrous oil spill in the Gulf of Mexico, the public and the media have turned their attention to some of the subsidies provided through the tax code to BP, the corporation that leased the ill-fated Deepwater Horizon drilling platform. This report describes the biggest tax subsidies enjoyed by oil and gas companies and explains that these subsidies do nothing to encourage energy independence or cleaner energy.

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