Political Capital

Posts tagged: Congressional Research Service

A Bank of America Corp. branch in New York.

Photograph by Ron Antonelli/Bloomberg

A Bank of America Corp. branch in New York.

U.S. Firms Amass Subsidiaries in Low-Tax, No-Tax ‘Havens’

The largest U.S.-based companies are making extensive use of subsidiaries in low-tax and no-tax jurisdictions, according to a report released today by Citizens for Tax Justice and the U.S. Public Interest Research Group. The study, which examined the Fortune 500,...

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People come out from a building with their hands up after a shooting happened at the Washington Navy Yard on September 16, 2013 in Washington, DC.

Photograph by Alex Wong/Getty Images

People come out from a building with their hands up after a shooting happened at the Washington Navy Yard on September 16, 2013 in Washington, DC.

White House: Mass Shootings Not ‘New Normal’ — What is Then?

Mass shootings are not “the new normal.” At least not in President Barack Obama’s eyes, the White House press secretary says. “He doesn’t accept this as the new normal,” Jay Carney told reporters today. The shooting deaths of 12 people...

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A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2011 tax year belonging to President Barack Obama and his wife, first lady Michelle Obama.

Photograph by Daniel Acker/Bloomberg

A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2011 tax year belonging to President Barack Obama and his wife, first lady Michelle Obama.

Obama’s Pay Cut (Tax Break)

Talk about a circular transaction. President Barack Obama could be able to claim a tax break for his decision to return 5 percent of his salary to the government. Obama is giving back part of his $400,000 in salary in solidarity with federal...

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Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Photograph by Daniel Acker/Bloomberg

Workers erect an exterior wall panel in an apartment building under construction in Peoria, Illinois, on March 28, 2013.

Low-Skilled Visas: Cap Key to Deal

Two years ago, the U.S. certified about 75,000 low-skilled laborers for guest-worker visas. Under the first year of a new plan that business and labor leaders have tentatively approved as part of a Senate proposal to revise the nation’s immigration...

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