In the wee hours of the morning, 45,000 workers from Maine to Washington DC went on strike at Verizon. I disclose openly that I have family and friends working for Verizon. This is not the first time the union has gone on strike, but it’s the first time that I have been aware that Verizon made the Washington Times Tax Evaders Wall of Shame.
http://communities.washingtontimes.com/neighborhood/ad-lib/2011/apr/10/tax-evaders-wall-shame/
While everyone understands the precariousness of this economy, and the need for reason and compromise….how it is possible for a company that made $24B in pre-tax revenue not to pay any taxes? From the article:
Verizon, despite making $24.2 billion in pre-tax US income, paid no taxes and actually claimed a federal refund of $1.3 billion for the last two years, again all thanks to those offshore subsidiaries.
It is unconscionable for this firm to suck up national resources while it attempts to screw its employees. This is a national disgrace. I hope the little guys in this country finally get fed up and start voting out of office the elected officials who support this crap. Enough already. There should be a common-sense tax policy that ensure fairness. What we have right now is a tax policy that rewards the “robber barons” on the backs of working class men and women, who actually pay their taxes. Please call your Congressional representatives tomorrow and let them know this should not stand.
The Herald has it here:
here.
cutting taxes is a “job creator.” We all see what happens when corporations get tax cuts or tax breaks, or simply don’t pay taxes. They don’t use the additional profits that result from those tax breaks to create jobs, but rather pocket those profits and give out ever higher salaries and bonuses to their corporate executives.
creators, not job creators.
can be job creators….when companies aren’t hoarding cash. There’s sitting on $2 Trillion in CASH.
http://www.nypost.com/p/news/business/hoarding_cash_Yzfk2c8aK1wAPrZCRdEVnJ
It’s time for the government to stop pretending that there’s any job creation going on. These companies have been laying off, cutting benefits, screwing their employees black and blue….all the while the tax cuts are preserved. This is nuts, is what it is. If these sons of guns want to keep the tax cuts, then there should be some benchmark for job creation. Scrooge showed more compassion for the common people that these firms.
Thanks.
Failure to tax corporations and the rich + record corporate profits + an insane (and growing) degree of inequality + Banksters crashing the economy + anti-union laws and employers + a spineless President = USA Number One!!!!
Don’t think so.
Join the Verizon workers on their picket lines.
And let’s get to work building a movement to tax corporations and the rich.
–Leo
How about a tax on the very institutions that caused the problem in the first place – Wall Street! Link here for information about the “Main Street Contract for the American People,” and specifically about a proposal to tax Wall Street to help pay to rebuild our country.
http://www.massnurses.org/news-and-events/events/p/event/6300
-Andi
It’s sickening to hear about yet another corporation that is trying to cut benefits to hard working employees while they continue to rake in high profits and not have to contribute their fair share to the government. In my part of the state, GE is another example of a company with high profits that doesn’t pay taxes. About 42% of US companies paid no taxes at all between 1998 and 2005–the general public would be outraged if they heard that 42% of the population wasn’t paying taxes, but no one seems to care that the businesses that are making the most are not contributing!
Here’s another fun fact–The average CEO who was paid $27 for every dollar earned by an employee 25 years ago now gets a ratio of about $275 to $1. It’s our job to make the average American realize that these corporations are the problem, not unions and those on public assistance.