If Washington closes offshore tax loopholes, we can fix many of our infrastructure problems and create new jobs.
Scott Klinger is the director of Revenue and Spending Policies at the Center for Effective Government (CEG). For the past 30 years, he has worked in the corporate social responsibility movement, fighting economic inequality, concentrated political power, excessive CEO pay, and corporate tax dodging.
Klinger is also a former Institute for Policy Studies associate fellow.
There would be no need for our elected leaders to trim our safety net if our richest corporations didn't turn avoiding their fair share of taxes into an art form.
Instead of gaming the tax system to boost corporate profits, American business leaders need to start investing more in this nation.
American taxpayers are increasingly picking up the tab for unpaid corporate taxes.
While the White House and much of the media spun the hurried late-night move as a victory for the middle class, it was a win paid for with new tax cuts worth hundreds of billions of dollars for America’s wealthiest families.
Beware of wealthy CEOs who are lecturing the rest of us about tightening our belts.