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Protesters Call For Tax Fairness At Oil CEO’s Home
Members of the 99 percent took to millionaire Chevron CEO John Watson’s home on Tuesday to protest tax loopholes for oil corporations and the extremely wealthy. Watson, who earned $1.48 million in 2010, has defended Chevron and the oil industry’s $4 billion subsidies. Many of these protesters were from Richmond, California, where Chevron now owes [...]
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Reid says wealthy must share deficit reduction burden as GOP defends corporate jet tax breaks
Republicans are defending corporate jet tax breaks So check out this contrast. First you have Harry Reid introducing a resolution that calls for millionaires to pay more taxes to help reduce the deficit: The Democratic leader of the... Read Post
Tax loopholes for millionaires are “crazy”
Pop quiz: Who said this? "We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. … They sometimes made it possible for millionaires to pay nothing while a bus drive... Read Post
Romney Economic Adviser Defends Tax Loophole That Saves Romney Millions
Mitt Romney — due, in part, to a tax loophole that benefits wealthy money managers — is able to drive his tax rate down to 15 percent, below that of many middle-class families. That tax loophole, which allows money managers to pay t... Read Post