In one of its first acts in the new Congress, the MAGA House majority voted to rescind necessary enforcement resources from the Internal Revenue Service to the benefit of wealthy corporate tax cheats and donors -- a move the nonpartisan Congressional Budget Office concluded will add $114.4 billion to the deficit over a decade.
A new analysis from watchdog Accountable.US found that five publicly-traded companies have already announced nearly $1.5 billion in accelerated share repurchase (ASR) programs —potentially avoiding the roughly $15 million they would owe under the Inflation Reduction Act’s new 1% stock buyback tax—after spending $2.5 billion on buybacks.
Accountable.US called on members to the USCOC to disassociate from the organization after the Chamber’s decision to resume political contributions to those who voted against certifying 2020 election results.
Get the latest news on how we’re holding big business, government officials, and special interests accountable, and what you can do to get involved.
By submitting your cell phone number, you are agreeing to receive period text messages from Accountable.US, including automated text messages. Message and data rates may apply. Text HELP for more information. Text STOP to stop receiving messages.
