Make Corporations Pay Back What They Stole on Feb.26!
Wisconsin is currently acting as the front lines in a push back for workers' rights that sees the state government trying to rip up collective bargaining as a budget balancing measure, or at least that's what they're calling it. More likely, it's the Shock Doctrine in action as an ideologically driven right-wing leader tries to ram through unpopular measures using the economy as cover, the hell with democracy.
There's a lot of things wrong with this picture and it seems clear there is a political agenda at work that is completely divorced from dollars and sense. (Alternet and Huffington Post are keeping tabs on the action and have good coverage.)
But the good news is that it has clearly hit a nerve and solidarity actions are emerging across the country. People seem to have hit their breaking point and are fed up with corporations and the rich getting handouts while everyone else gets the shaft. All this has helped gain support for a new movement to call out corporate tax dodgers: USUncut.
It's based on a grassroots movement in the UK who figured out cutting education and shredding the social contract wouldn't be necessary if those with the money paid what they were supposed to in taxes. (You can read more about it on truthout, who have been kicking out some awesome articles and editorials lately.)
Enjoying record profits and taxpayer-funded bailouts as the economy slowly recovers from a financial crisis, nearly two-thirds of US corporations don't pay any income taxes, instead opting to abuse tax loopholes and offshore tax havens. According to this study from the non-partisan Government Accountability Office, 83 of the top 100 publicly traded corporations that operate in the US exploit corporate tax havens. Since 2009, America’s most profitable companies such as ExxonMobil, General Electric, Bank of America and Citigroup all paid a grand total of $0 in federal income taxes to Uncle Sam. Tax havens alone account for up to $1 trillion in tax revenue lost every decade, money that could be invested in K-12 education, colleges, public health, job creation and hundreds of other worthy public programs.
There are actions set for all over the US on February 26 targeting Bank of America. Check it out at USUncut!