Budget Deficit Silver Bullet: Close Tax Loopholes for MegaCorporations

David Cay Johnston and Chris L Hayes have just discussed what could possibly a silver bullet for fixing the US budget deficit and what Arianna Huffington calls the Assault on America's Middle.

Do you make less than $10M a year? If so, read this article and write to your congressman to fix the corporate tax problems that are destroying our middle class and small business AND causing a budget deficit!!

Can you imagine that the largest 1900 corporations get local tax subsidies at the expense of firefighters, police, and education?

Read on (or listen)!!!

Clipped from www.thenation.com

The Breakdown: Why Aren't Corporations Paying Their Taxes? Chris Hayes February 25, 2011   Download MP3 Embed Code Subscribe to Podcast <script src="http://www.thenation.com//misc/jquery.js" type="text/javascript"></script><br/><script src="http://www.thenation.com//sites/all/modules/mp3player/mp3player/audio-player.js" type="text/javascript"></script><br/><script><br/>AudioPlayer.setup("http://www.thenation.com//sites/all/modules/mp3player/mp3player/player.swf", {width:610,animation: "no",remaining: "yes",noinfo: "yes",transparentpagebg: "yes"}); <br/></script><br/><p id="mp3player_1">It looks like you don't have Adobe Flash Player installed. <a href='http://get.adobe.com/flashplayer/'>Get it now.</a></p><script type="text/javascript">AudioPlayer.embed("mp3player_1", {soundFile: "http://s3.amazonaws.com/thenation/audio/mp3/The%20Breakdown%20Week%2047.mp3"});</script><br/><div><a href="http://www.thenation.com/audio/158843/breakdown-why-arent-corporations-paying-their-taxes" class="active">Original Page</a></div><br/><br/><br/> While pressure mounts for both sides of the aisle to pursue more fiscally responsible budget plans in Washington and around the country, many are rightly wondering why generating more revenue from uncollected corporate taxes isn't on the agenda. There's even a citizens’ movement called US Uncut afoot to hold corporations accountable for their tax evasion. On this week's episode of The Breakdown, DC editor Chris Hayes talks with Pulitzer Prize–winning journalist David Cay Johnston about the manifold maneuvers corporations carry out in order to avoid paying their share of contributions to civil society.  Read more at www.thenation.com