The Labor & Working Class Studies Project Presents
"MEDIA & THE WISCONSIN LABOR STRUGGLE: COUNTERING MYTHS & DISTORTIONS"
With: * LIsa Graves, Center for Media and Democracy * Bob McChesney, University of Illinois at Urbana-Champaign * John Nichols, The Nation * Matt Rothschild, The Progressive * Molly Stentz, WORT-FM Community Radio * Norm Stockwell, WORT-FM Community Radio
That's over and above our payments to the big companies for energy and food and housing and health care and all our tech devices. It's $6,000 that no family would have to pay if we truly lived in a competitive but well-regulated free-market economy.
The US Chamber of Commerce-- a 101 year-old organization formed as corporations’ first union—is the chief agent behind Congress’ kowtowing to corporate interests, the Supreme Court’s favorability to corporations in its rulings, and presidents of both parties’ insistence on accommodating the wishes of multinational corporations at the expense of working-class people all over the world.
Another jobs report is in and it shows continued waddling along in job creation, just enough to keep the unemployment figure stable. The reality is the collapse has cost the nation 3 million jobs and that number is not shrinking. The “Lost Out-Put Clock” shows the nation has lost $4,602,667,601,6089 in national income and counting since the 2008 collapse.
The biggest, most profitable American companies paid only a fraction of the taxes they would owe under the official corporate rate, according to a study released on Monday by the Government Accountability Office.
Using allowed deductions and legal loopholes, large corporations enjoyed a 12.6 percent tax rate far below the 35 percent tax that is the statutory rate imposed by the federal government on corporate profits.
Senator Elizabeth Warren (D-MA) used her remarks at the 2013 American Constitution Society for Law and Policy National Convention to warn that the Supreme Court is being captured by interests representing America’s biggest corporations: