June 30, 2011 01:41 PM | Permalink | Recent data show that the U.S. is taxed far less than almost all other OECD countries. An increase in revenue is the obvious answer to America’s budget deficit.Download the PDF HQ Version of Total Taxes Chart HQ Version of Corporate Income Tax Chart U.S. Is One of […]
June 7, 2011 04:19 PM | Permalink | Extending the Bush tax cuts from 2013 through 2022 would cost $5.4 trillion. Download the PDF Another Decade of Bush Tax Cuts Will Cost More than Twice as Much as the First Decade]]> Want even more CTJ? Check us out on Twitter, Facebook, […]
June 7, 2011 03:23 PM | Permalink | Former Minnesota governor and presidential candidate Tim Pawlenty has released his proposed tax plan, including very specific rate cuts and exemptions for investment income, and vague promises to eliminate tax loopholes. Even if he eliminates all itemized deductions and credits, millionaires would still receive an enormous income […]
June 2, 2011 03:19 PM | Permalink | Ten years ago, on June 7, 2001, President George W. Bush signed into law the first of several tax cuts that drove the balanced budget he inherited from President Clinton deep into the red. Last year, Congressional supporters of Bush’s policies pushed through an extension of these […]
June 1, 2011 12:01 AM | Permalink | CTJ analyzes the pretax U.S. profits, federal taxes paid and effective tax rates of a dozen Fortune 500 companies over the 2008-10 period. From 2008 through 2010, these 12 companies reported $175 billion in pretax U.S. profits. But as a group, their federal income taxes were negative: […]
May 19, 2011 04:48 PM | Permalink | As House Speaker John Boehner and other Republican leaders in Congress continue to assert that tax increases even on the very wealthiest Americans are “off the table,” one rationale sometimes advanced for this view is that Americans who work hard and become successful have to pay over […]
May 19, 2011 04:46 PM | Permalink | Recent articles in the New York Times and the Fiscal Times entertain the notion that President Obama’s income tax plan will result in unaffordable tax increases for families who make $250,000 a year. One theme of these articles is that in some parts of the country, $250,000 […]
May 18, 2011 04:41 PM | Permalink | Testimony of CTJ’s Senior Counsel for Federal Tax Policy, Rebecca Wilkins, in favor of new bank regulations to prevent tax evasion by foreigners. Read the testimony Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!
May 4, 2011 07:33 PM | Permalink | CTJ wrote to urge the House Judiciary Committee to reject the so-called “Business Activity Tax Simplification Act” (BATSA). This legislation would make state and local taxes on businesses dramatically more complex, increase litigation related to business taxes, increase government interference in the market and reduce revenue to […]
April 29, 2011 02:25 PM | Permalink | House Speaker John Boehner’s recent comment that Congress should “take a look at” repealing tax subsidies for large oil companies is well-founded. These subsidies are a particularly poor use of taxpayer funds. Read the report Want even more CTJ? Check us out on Twitter, Facebook, RSS, and […]
April 15, 2011 12:38 PM | Permalink | Click Here for the 2013 Edition of this Report Conservative lawmakers and pundits often claim that the richest Americans are paying a disproportionate share of taxes while a huge number of lower-income Americans pay nothing at all. CTJ has updated its report on federal, state and local […]
April 12, 2011 10:14 AM | Permalink | A key business leader who was appointed to the President’s fiscal commission and who is scheduled to appear this morning with several U.S. Senators to address the budget deficit, manages a corporation that has largely avoided paying U.S. taxes, according to public records. Read the report. Want […]
April 8, 2011 05:31 PM | Permalink | Any rational proposal to balance the federal budget would rely on a mix of spending reductions and revenue increases. But the House Republican budget plan relies on draconian spending cuts and actually reduces revenue. Read the report. Want even more CTJ? Check us out on Twitter, Facebook, […]
March 23, 2011 02:24 PM | Permalink | Some corporate leaders are pushing Congress to adopt a “territorial” tax system, which would exempt the offshore profits of U.S. corporations. Congress should move in the opposite direction and adopt a “pure worldwide” tax system, which taxes all profits of U.S. corporations the same while providing a […]
March 15, 2011 01:56 PM | Permalink | An op-ed by CTJ director Bob McIntyre that ran in several McClatchy newspapers this week refutes Newt Gingrich’s recent claim that the government shutdown of 1995 led to a balanced budget.Read the op-ed Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!
March 9, 2011 01:43 PM | Permalink | Robert McIntyre, director of Citizens for Tax Justice, testified on March 9 before the Senate Budget Committee on tax subsidies for businesses. He explained that these tax breaks for business (1) are hugely expensive, (2) are often economically harmful, and (3) conflict with fundamental tax fairness. Read […]
February 25, 2011 11:57 AM | Permalink | Despite reporting nearly $10 billion in domestic pre-tax profits between 2008 and 2010, the Boeing Corporation, which was granted a contract worth as much as $35 billion to build airplanes for the federal government earlier this week, did not pay a dime of U.S. federal corporate income […]
February 18, 2011 01:08 PM | Permalink | The budget outline released by President Obama this week, just like last year’s proposal, includes about $3.5 trillion in tax cuts over ten years. Most of that cost comes from his $3.1 trillion proposal to make permanent most of the Bush tax cuts, which would cost 81 […]
February 10, 2011 12:27 PM | Permalink | Citizens for Tax Justice refutes a claim that the U.S. tax system is not particularly lenient on oil companies. Read the report. Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!
January 31, 2011 02:14 PM | Permalink | 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 […]
January 25, 2011 03:46 PM | Permalink | 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. Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!
December 7, 2010 04:48 PM | Permalink | (Updated to include state-by-state figures) The compromise tax plan agreed to by President Obama and congressional Republicans would provide more than a quarter of its tax cuts to the best-off one percent of all Americans. That’s almost double the share of the tax cut that the President […]
December 3, 2010 10:49 AM | Permalink | There seems to be a lot of confusion in the media and among the public about President Obama’s plan to let the Bush income tax cuts expire for joint incomes above $250,000 and single incomes above $200,000. Many people seem to think that couples and singles who […]
December 2, 2010 04:25 PM | Permalink | The deficit-reduction plan taking shape before the President’s fiscal commission is seriously unbalanced. It relies on cuts in public services for two-thirds of the deficit reduction it strives for, while relying on increased revenues for only one-third. The plan makes bold proposals to close tax loopholes, but […]
November 30, 2010 04:03 PM | Permalink | 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 […]