The U.S. Chamber’s Fight to Protect Its Richest Corporate CEOs’ Wallets

November 30, 2010 04:03 PM | | Bookmark and Share

The U.S. Chamber of Commerce has lobbied heavily for Congress to make permanent all of the Bush tax cuts — even for the richest Americans — despite the fact that these tax cuts will ultimately hurt business far more than it could possibly help. Part of the explanation must lie in the personal interests of the CEOs who fund and run the Chamber. As this report from U.S. Chamber Watch and Citizens for Tax Justice explains, many of these CEOs would personally gain $700,000 to $1.7 million a year if the Bush Tax Cuts are extended.

Read the report.

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Not Just a Tax Cut: CTJ Exposes the Folly of John Boehner’s “CutGO”

November 29, 2010 01:20 PM | | Bookmark and Share

Presumptive House Speaker John Boehner recently confessed that “what Washington sometimes calls ‘tax cuts’ are really just poorly disguised spending programs that expand the role of government in the lives of individuals and employers.”  We couldn’t agree more.  What’s odd, though, is that Rep. Boehner has proposed moving Congress toward a “cut-as-you-go” system (or “CutGO”) that would actually make it easier for the government to overspend on these types of programs.  The folly of CutGO, and several much more sensible solutions, are the topic of this recent op-ed from Citizens for Tax Justice.

Read the op-ed

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