A new report by Open the Books shows that the Fortune 100 companies received a total of $1.2 Trillion in corporate welfare from 2000-2012, non-including the bailouts to auto and banking sectors issued after the 2008 recession. The report shows that the military, banking, agri-business, and oil sectors received the largest handouts. Tax & Regulate [...]
The rich are getting extremely richer. An Oxfam report shows that only 85 humanoids own as much as the bottom half of the entire world. As End Neoliberalism exposes in the book Tax and Regulate the One Percent, the super rich incurred record profits for 3 consecutive years (2010, 2011, and 2012) after taxpayers bailed [...]
Citigroup wrote 94% of the lines of bill H.R. 992 entitled the Swaps Regulatory Improvement Act, which was written to repeal the Dodd-Frank Act. The bill was passed by the House after members received $22 million from interest groups. More at The Real News Picture credit: manituou2121 CC BY2.0
On average, each American family pays $6,000 a year to profitable corporations that outsource jobs, according to a Buzzfeed investigation. As an average, middle-class families earning over $72,000 give a lot more than $6,000 to the super-rich. Big business suck billions of dollars from direct subsidies and grants, incentives, interest rates, retirement funds, corporate tax [...]