Political Capital

Taxes


President Barack Obama delivers remarks from the wharf near the PortMiami tunnel project in Miami, Florida on March 29, 2013.

Photograph by Jim Watson/AFP via Getty Images

President Barack Obama delivers remarks from the wharf near the PortMiami tunnel project in Miami, Florida on March 29, 2013.

Obama: ‘Gaming the (Tax) System’

It’s a matter of “economic patriotism,” President Barack Obama says. Targeting the tax “inversions” that have enabled American companies to merge with firms offshore and benefit from the lower tax rates of foreign countries, the president called for an end...

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Balloons in the "Health Corner" conference room, used to host customer programs with local doctors and heathcare experts, at a Walgreen Co. store in Chicago.

Photograph by Daniel Acker/Bloomberg

Balloons in the "Health Corner" conference room, used to host customer programs with local doctors and heathcare experts, at a Walgreen Co. store in Chicago.

Walgreen Chided For Tax-’Dodge’ Prescription: Harry Reid

Five months after Democrats in Washington, including President Barack Obama, praised CVS executives for their decision to stop selling smokes, another drugstore has fallen into the party’s cross-hairs. Illinois-based Walgreen Co. was hammered for 10 minutes on the Senate floor...

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Hillary Rodham Clinton listens as Jeb Bush speaks before the presentation of the 2013 Liberty Medal in Philadelphia.

Photograph by William Thomas Cain/Getty Images

Hillary Rodham Clinton listens as Jeb Bush speaks before the presentation of the 2013 Liberty Medal in Philadelphia.

Bush-Clinton, Read My Lips — ‘Hard Choices’ Redux

First Bush, then Clinton. Then Bush, and now Clinton again? The scenario itself is not new. Hillary Clinton faced it before, in 2008 (in today’s edition of look how young they all looked): Yet the first time the nation confronted...

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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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Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

IRS Spent $14 Million Complying with Congressional Inquiry

Congress spent a lot of time investigating the Internal Revenue Service  last year. And now there’s statistical proof. Congressional committees received 10.6 billion disclosures of taxpayer information last year, up from 2.4 billion the year before, according to the Joint Committee on...

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Supporters of Republican presidential candidate Mitt Romney wait for Romney to make his concession speech on Nov. 7, 2012.

Photograph by Andrew Harrer/Bloomberg

Supporters of Republican presidential candidate Mitt Romney wait for Romney to make his concession speech on Nov. 7, 2012.

Bloomberg by the Numbers: 48-43

By a margin of 48 to 43 percent, voters say Republicans would do a better job than Democrats dealing with the economy. The economy is the most important issue to voters, with 89 percent of registered voters rating it as...

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Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Photograph by Deborah Cannon-Pool/Getty Images

Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Bill Clinton: Corporate Tax Reform, for Starters

Bill Clinton is nothing if not pragmatic. On the debate about illegal immigration, he says: “A lot of those people are here anyway, and if you legalize them they will pay taxes… and you will have more balance.” “I think...

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Gov. Rick Scott, center, greets house members in a recess during session on May 2, 2014, in Tallahassee, Fla.

Photograph by Steve Cannon/AP Photo

Gov. Rick Scott, center, greets house members in a recess during session on May 2, 2014, in Tallahassee, Fla.

Re-Branding GOP: Florida-Style — Scott’s ‘Deathbed Conversion?’

  A state Legislature this week voted to: – Legalize some medical marijuana use, – Approve in-state tuition rates for undocumented immigrants, – Reject a top priority of the gun lobby, – Reject a school-choice voucher bill, – And protect...

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