Saturday, September 22, 2012

U.S. Corporations Dodges Billions of Dollars in Income Tax

"America is in the grip of a societal economic panic. Lawmakers cry “We’re Broke!” as they slash budgets, lay off schoolteachers, police, and firefighters, crumbling our country’s social fabric and leaving many Americans scrambling to survive. Meanwhile, multibillion-dollar American corporations like Exxon, Google and Bank of America are making record profits. And while the deficit climbs and the cuts go deeper, these corporations—with intimate ties to our political leaders—are concealing colossal profits overseas to avoid paying U.S. income tax".

"WE’RE NOT BROKE is the story of how U.S. corporations have been able to hide over a trillion dollars from Uncle Sam, and how seven fed-up Americans from across the country, take their frustration to the streets . . . and vow to make the corporations pay their fair share".
IMHO, it is not just a "republican" thing as these corporations have been getting away with it for decades now. So, the democrats are just as bad at letting these corporations get away with it! Case in point, our current democratic president, Barack Obama bailed out the big banks & mortgage lenders to the tune of $187 - $360 billion in taxpayer money from the Treasury just for Fannie Mae & Freddie Mac alone! So, I guess there CAN be bi-partisanship in Washington, DC when it has to do with screwing the American people in favor of corporations and banks!

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