Tax

News Release | MASSPIRG | Budget, Tax

Report Card Grades States on Economic Development Subsidies

In new report Money for Something, a 51-state “report card” released today by Good Jobs First, Massachusetts ranked 43 out 51  in performance and job quality standards in economic development subsidies.   

Report | Good Jobs First | Budget, Tax

Money for Something

States are spending billions of dollars per year on corporate tax credits, cash grants and other economic development subsidies that often require little if any job creation and lack wage and benefit standards covering workers at subsidized companies. These are the key findings of Money for Something: Job Creation and Job Quality Standards in State Economic Development Subsidy Programs, a 51-state “report card” study published today by Good Jobs First, a non-profit, non-partisan research center based in Washington, DC

News Release | MASSPIRG | Budget, Tax

Report Shows Corporations Paying Few State Taxes

A comprehensive new study, from the Institute on Taxation and Economic Policy, profiles the 265 consistently profitable Fortune 500 corporations finding that 68 companies paid no state corporate income tax in at least one of the last three years and 20 of these corporations averaged a tax rate of zero or less during the 2008-2010 period.

News Release | MASSPIRG | Budget, Tax

New State Spending Website Launched

MASSPIRG joined government leaders today as they officially unveiled their new, easy-to-use comprehensive state spending website at the State House Library.

News Release | MASSPIRG | Budget, Tax

Supercommittee Squanders Opportunity to Cut Waste

After the Congressional “Supercommittee” announced its failure to agree on at least $1.2 trillion in deficit reduction, the MASSPIRG and National Taxpayers Union (NTU), who jointly authored a report on deficit reduction earlier this year, released the following joint statement.

News Release | MASSPIRG | Budget, Tax

Seventy-Eight Corporations Paid Zero Dollars in Taxes on U.S. Profits, New Study Finds

New data reveals that 78 Fortune 500 companies did not pay any federal income taxes in at least one of the past three years, despite posting $160 billion in U.S. profits.

Media Hit | Budget, Tax

South Coast Today - Don't let the American taxpayer get fooled again

If a kid steals a cookie, does it make sense to give him another and then hope that he won't do it again? An army of corporate lobbyists on Capitol Hill is trying to convince Congress that after stashing nearly $1.4 trillion offshore to avoid paying the U.S. taxes they owe, they should get a massive tax discount for bringing the money back to America.

Media Hit | Budget, Tax

Worcester Telegram & Gazette - A Trillion We Can Agree On

Although many politicians will continue to fight among themselves no matter the issue, there is actually a substantial consensus in the watchdog community about where to cut waste in the federal budget.

Report | MASSPIRG Education Fund | Budget, Tax

Tax-Increment Financing

Tax-increment financing (TIF) has been a leading tool for economic development.  When used properly, TIF can promote enduring growth and stronger communities. When used improperly, however, TIF can waste taxpayer resources or channel money to politically favored special interests.

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