The companies avoided more than $26.7 billion in income taxes last year, enough to give free school lunches to every child in America. Dozens of America’s most profitable corporations avoided paying any federal income taxes in 2025, according to an analysis out on Tuesday from the Institute on Taxation and Economic Policy. The 88 companies—which include Tesla, Southwest Airlines, […]
“Why would corporations spend millions on Trump’s ballroom or Bitcoin? Because they’re getting billions in unlegislated tax breaks,” said one Democratic lawmaker. The Trump administration is quietly waging an all-out regulatory war on a Biden-era corporate tax that aimed to prevent large companies from dodging their tax liabilities while reporting huge profits. The corporate alternative minimum tax (CAMT) was […]
[content id=”79272″] Bill allows for new Native Corporations for 5 Landless Communities in Southeast Alaska Washington, DC – U.S. Senators Lisa Murkowski and Dan Sullivan, and Representative Nick Begich, all R-Alaska, Wednesday issued statements on the reintroduction of legislation that would allow the Alaska Native communities of Haines, Ketchikan, Wrangell, Petersburg, and Tenakee to form […]
The effects of U.S. President Donald Trump’s tariffs are winding their way through the American economy, and a new piece of analysis claims that corporate America is using them as “cover” to further jack up prices. Progressive advocacy group Groundwork Collaborative issued a new report on Tuesday that uses corporate executives’ own words to show how many firms […]