When I noted that Nancy Pelosi now sees “middle class tax cuts” as applying to anything under $1 million in income, the only part I didn’t have a firm grasp of was the specific dollar figures underlying this shift. I knew that you would end up with far less in revenue if you drew the [...]

Last year, the watchdog group Citizens for Tax Justice put out a paper showing that 30 Fortune 500 companies had a negative tax rate for the cumulative years 2008-2010. The corporations singled out by the report submitted a number of excuses to explain away what they claimed was an anomaly, owing to things like short-term [...]