Lawmakers supporting The Wall Street Trading and Speculators Tax has encouraged the deficit reduction committee to adopt their proposal. In a letter to the panel, lawmakers led by Senator Tom Harkin (D-IA) and Congressman Peter DeFazio (D-OR), outlined the revenue generating impact of their bill. Analysis conducted by the Joint Committee on Taxation [...]
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Posted on November 17th, 2011
Posted on October 20th, 2011
Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations, released a report today that found that the 2004 repatriation tax break that allowed U.S. companies to bring $312 billion in offshore earnings back to the United States at an extraordinarily low tax rate did not produce any of the promised [...] Posted on August 17th, 2011
Sen. Carl Levin, D-Mich., chairman of the Permanent Subcommittee on Investigations, and Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Judiciary Committee, this week introduced the Incorporation Transparency and Law Enforcement Assistance Act to combat acts of terrorism, money laundering, tax evasion, and other wrongdoing facilitated by U.S. corporations with hidden owners. [...] Posted on July 19th, 2011
Stating that “Uncle Sam can’t afford offshore tax abuses that are robbing the Treasury of $100 billion in lost revenue yearly and increasing the tax burden on honest, hardworking Americans,” Sen. Carl Levin, D-Mich., together with cosponsors Senators Conrad, Bill Nelson, Sanders, Shaheen, and Whitehouse, today introduced legislation to close offshore tax loopholes [...] Posted on April 25th, 2011
Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of [...] 2 pages
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