Opinion: Good for Elizabeth Warren for wanting to make it simpler to file taxes
Sen. Elizabeth Warren . By Helaine Olen Helaine Olen Opinion writer focusing on politics, economics and American life Bio Follow Opinion writer April 12 at 10:22 AM It may be spring, but there’s a good chance that many Americans won’t get to appreciate it this weekend.
Under current law, corporations can report large sums of annual profit to Wall Street and investors, while still using loopholes to pay no taxes to the feds. According to a study released Thursday by the Institute on Taxation and Economic Policy, at least 60 Fortune 500 companies paid nothing to the federal government in taxes in 2018, continuing a decline in corporate tax revenue since President Trump and congressional Republicans lowered the corporate tax rate.
What the two ideas share — besides Warren as their author — is that the problems they address are both products of business lobbies’ influence in Washington. Much in the way corporations frantically lobbied for a tax cut, you can thank the tax prep industry’s influence for the unnecessary time and money spent in the run-up to Tax Day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | Here’s what will decide whether technology becomes a force for good, or evilWhen societies falter and repression advances, tech is the partner of bad intentions.
Read more »
Opinion | There are good reasons you can’t see the Mueller report yet, so please stop askingOpinion: 'What if there were a certain 300-page document so cursed that immediately after you read it, all your best friends started dying off, one by one?' Petridishes has some extremely good reasons not to release the Mueller report.
Read more »
EU's Juncker sure UK would honor good cooperation rules during Brexit lagEuropean Commission President Jean-Claude Juncker said he was certain Britain wo...
Read more »
Amazon's new $90 Kindle is really good and includes a backlight for the first timeCNBC reviews the all-new Kindle 2019, an e-reader that costs $89.99 and includes a backlight for the first time at this price.
Read more »
Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
Read more »
Florida good samaritan shot dead at waffle house for not picking up woman's tabThe victim was paying for meals and giving out money, according to police.
Read more »
Morning Update: Who Doesn't Love A Good Cry In The MorningA record number of family apprehensions, the protests in Sudan, to catch a colleague. Your BuzzFeed News newsletter, April 10.
Read more »
Cisco, Apple and IBM are leading the Dow this year, but only two look good, according to two expertsThe Dow's top performers this year are a blast from the past. Legacy tech stocks including Apple, Cisco and IBM have topped the blue-chip index.
Read more »