Federal Government

Many of America’s Most Profitable Corporations Pay Little or No Federal Income Taxes; Multinationals Pay Higher Rates Abroad Than in the U.S.

Washington, D.C. – A comprehensive, five-year study of 288 profitable Fortune 500 companies finds that 26 paid no federal corporate income tax over the five-year period; 111 paid no federal corporate income tax in at least one of the last five years, and one-third paid a U.S. tax rate less than 10…

Senate filibuster, Boehner and pics

Here are some reflections on two significant events in Washington last week concerning Senate productivity and Obamacare. The Senate voted to return some degree of democracy to that chamber.   Senate Majority Leader Harry Reid allowed a simple majority of the Senate to approve allowing Presidential nominations (other than for the…