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Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

Federal Tax Cuts in the Bush, Obama, and Trump Years

Steve Wamhoff, Matthew Gardner Institute on Taxation and Economic Policy
The national debt today stands at $15.7 trillion. Two decisions made since 2000 — tax cuts and America’s wars since September 11, 2001 — together account for roughly two-thirds of that amount.

Cutting Corporate Taxes Will Not Boost American Wages

Josh Bivens Economic Policy Institute
Policymakers who are sincere about boosting wages would heed the advice of Mishel and Eisenbrey (2015), and undertake policy measures to redistribute economic leverage and bargaining power away from capital owners and corporate managers and back to low- and middle-wage workers.

Microsoft Admits Stashing $92B Offshore to Avoid $29B in U.S. Taxes

David Sirota International Business Times
Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company's most recent annual filings with the Securities and Exchange Commission. Such maneuvers -- although often legal -- threaten to signficantly reduce U.S. corporate tax receipts during an era marked by government budget deficits.

Tidbits - August 14, 2014

Portside
Reader Comments - Victory for Americans: Walgreens Won't "Invert"; Rosetta Comet Rendezvous; Reflections on My Seven Months in Israel; Incipient Inflation Freak-Out Could Wreck Economy; Jews Who Protest Israeli Policy; Academic Freedom Under Attack - The Firing of Steven Salaita; Anti-Semitism; Virgin America Flight Attendants Vote To Join Union; Healthcare - the NHS; Market Basket Srtike - Why Its So Important; On This Day in History - FDR Signs Social Security Act
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