Explore our content

All types | All dates | All authors
Tax loopholes

Pages

Quick Hit
by Ellyn Fortino
4:24pm
Wed Oct 12, 2016

Duckworth Talks College Affordability At UIC, Responds To Kirk's New Attack Ad

U.S. Rep. Tammy Duckworth (D-IL,8) was at the University of Illinois at Chicago Wednesday morning to talk with students about higher education and college affordability. 

"I can't think of something more important as an investment to our nation than making sure that we make college affordable, and that we get to a point where students are not starting off life with tremendous amounts of student loan debt," Duckworth told reporters after the town hall.

The event, sponsored by UIC student organizations and Young Invincibles Action, was supposed to be a candidate forum, but Kirk declined to participate, Duckworth said. 

The congresswoman used the event to detail college affordability proposals she is sponsoring in the U.S. House, namely the "In the Red Act." The proposal would adjust Pell Grants for inflation, allow borrowers to refinance student debt at lower interest rates and provide students with two years of tuition-free community college.

Quick Hit
by Ellyn Fortino
4:57pm
Wed Sep 28, 2016

Report: U.S. Taxpayers Subsidized $725 Million In Wall Street CEO Bonuses In The Last Four Years

Twenty leading U.S. banks collectively paid their top five executives $2 billion in tax-deductible bonuses between 2012 and 2015, according to a recent report examining Wall Street CEO pay.

That $2 billion figure works out to be a tax break valued at $725 million, or $1.7 million per executive per year, the Institute for Policy Studies (IPS), a progressive think tank, found.

"Taxpayers should not have to subsidize excessive CEO bonuses at any corporation," report co-author and IPS Global Economy Project Director Sarah Anderson said in a statement. "But such subsidies are particularly troubling when they prop up a pay system that encourages the reckless behavior which caused one devastating national crisis -- and could cause more in the future."

PI Original
by Ellyn Fortino
3:28pm
Mon Aug 22, 2016

Fair Economy Activists Arrested At Protest Against Corporate 'Tax Dodgers' (VIDEO) (UPDATED)

Members of Fair Economy Illinois took aim at corporate "tax dodgers" during a Monday afternoon protest outside Exelon's Chicago offices. Activists danced the Electric Slide in the street, and 10 protesters were ultimately arrested after they sat down in a downtown intersection and refused to move.

PI Original
by Ellyn Fortino
6:57pm
Fri Apr 29, 2016

Duckworth, Warren Talk Retirement Security Policy At Chicago Campaign Event

U.S. Sen. Elizabeth Warren joined U.S. Rep. Tammy Duckworth at a Chicago campaign event Friday to talk retirement security with seniors and other supporters. Progress Illinois provides highlights from the discussion. 

PI Original
by Ellyn Fortino
6:42pm
Mon Jun 29, 2015

As Illinois Government Shutdown Looms, Calls For Progressive Revenues Intensify

As Illinois moves closer to a government shutdown, a coalition comprised of community and labor groups, clergy, service providers, elected officials and others called for progressive revenue options to tackle the state's pressing fiscal issues at a "people's budget" meeting on Monday.

Pages