Taxes

Corporate Profits Hit Record High While Worker Wages Hit Record Low

Leave a Comment / accountability, unemployment, unemployment insurance, wages, wealth, workplace ethics, workplace issues / By max cyril

A constant conservative charge against President Obama is that he is inherently anti-business. However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession. In the third quarter of this year, “corporate earnings were $1.75 trillion, up 18.6% from a year ago.” Corporations are currently making more …

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How A Proposed Pennsylvania Law Would Make Workers Pay Taxes To Their Boss

Leave a Comment / Compensation, regulation, workplace issues, workplace taxes / By max cyril

According to Good Jobs First, an organization that promotes accountability in economic development, several states allow corporations to literally pocket their employees’ tax payments. Rather than having those taxes go towards public services, the companies withhold money from their workers’ paychecks and just keep it, never remitting it to the state, under the guise of …

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New Law Ups the Ante Significantly for California Employers Who Are Caught Misclassifying Employees As Independent Contractors

Leave a Comment / Uncategorized / By max cyril

Background One common strategy used by companies to cut labor costs is to classify as much of its work force as “independent contractors” as possible. A company does not have to pay payroll taxes for independent contractors nor does it have to worry about pesky labor code requirements pertaining to minimum wages, overtime, meal and …

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Business Owners, Investors Say Tax Changes Make ‘Zero Difference’ In Hiring: ‘I’m Not Sure What The Connection Is’

Leave a Comment / Uncategorized / By max cyril

Wrapping the wealthy in the term “job creator,” Republican lawmakers are hammering President Obama over the “Buffett rule,” a tax reform policy based on the simple and popular notion that millionaires should pay their fair share in taxes. To the GOP, this is a surefire way to ensure millionaires or “job creators” do not invest in the …

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The Filthy Rich Shout “Greed Is Good” and Party With The Politicians

AFSCME Members Rally to Save Public Services

Taxing Employer Health Benefits: The Poison Pill That Would Kill Health Care Reform

Leave a Comment / healthcare / By max cyril

I was asked today to post a diary to Daily Kos written by my boss, Teamsters General President James P. Hoffa – it is beneath the fold. In this piece we are looking into the fact that a tax hike on health benefits to pay for health care reform is a bitter, bitter pill for …

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