Tuesday, September 20, 2011
By Justin Krebs : IAFC Blogger
One might argue that if both sides show a little willingness to buck partisan conventions and negotiate, it would be good for both the budget and approval deficits. But maybe there are places that Dems and the GOP can agree beyond trading away their core values.
Monday, April 18, 2011
When GE says they're just obeying the law, we have to all remember they helped write the law. They have so much political clout. Part of the reason why we are focusing on the companies is because they're using their incredible vast resources. There were 12 companies that spent a billion dollars lobbying over the last ten years for special tax treatment. That's not just sitting back and letting Congress write the rules.
— Chuck Collins, co-founder of US Uncut, on The Brian Lehrer Show.
Monday, April 04, 2011
By Solomon Kleinsmith : IAFC Blogger
If something is legal, does it make it right?
That's the question that lies at the bottom of this firestorm over General Electric's lack of paying any taxes, even though it made a $5.1 billion dollar profit last year.
Friday, March 25, 2011
Companies are using every loophole they can find to get a tax benefit — and it turns out they are doing it well. According to The New York Times, General Electric made $14.2 billion in profit last year, $5.1 billion of which came from its operations in the United States. But it turns out that not only did G.E. not pay any money in taxes, instead raking in another $3.2 billion in tax benefits.
Thursday, December 23, 2010
General Electric has agreed to carry out the next phase of cleanup on the Hudson River, decades after polluting the waterway with toxins. The announcement came Thursday, a few days after the Environmental Protection Agency laid out a comprehensive cleanup plan. The plan would restore a 40-mile stretch of the river, north of Albany.
TN Moving Stories: Amtrak No Longer Interested in ARC Tunnel, and Metro-North Now Nation's Busiest Commuter Rail Line
Friday, November 12, 2010
By Kate Hinds
Amtrak breaks off talks with NJ Transit, says it's done talking about reviving the ARC tunnel. "We are no longer interested in this project," a spokesperson for the national rail agency said. "There were exploratory talks going on with NJ Transit. The talks have stopped. … That was commuter rail, and we are interested in intercity rail projects." (The Record)
NJ Gov Christie says his wife didn't like the ARC tunnel either. (The Record via NY Post)
Minneapolis's Northstar light rail line, which opened a year ago, is carrying 5% less passengers than anticipated. Reasons? Maybe the economy...and low gas prices. Plans for an extension have been shelved. (St. Cloud Times)
General Electric is buying 25,000 electric cars--including 12,000 Chevy Volts. (Smart Planet)
The Florida Times-Union writes: "No one seems to know what Gov.-elect Rick Scott hopes to accomplish when it comes to roads and passenger rail."
Maine's highway fund is facing a potential shortfall of $720 million in the next two-year budget cycle. Interesting: "The highway budget is funded for the most part by motor fuel taxes, which have grown static due to increasingly efficient vehicles." (Business Week)
The MTA is telling about half of Staten Island's Access-A-Ride customers to take a bus instead. (Staten Island Live)
America has a new busiest commuter rail line: In September, ridership on Metro-North surpassed the Long Island Rail Road's for the first time ever. (WSJ)
There's a booming resale market for the little three-wheeled vehicles most urban police departments use to look for parking violations. Plus, it's just fun driving around terrifying people who think you're going to ticket them. (WSJ)