A history of corporate looting. (The Taxonomist).(Brief Article)
American Prospect, The, December, 2001 by McIntyre, Robert S.
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IF YOU WANT TO UNDERSTAND WHAT CORPORATE LOBBYISTS in Washington, D.C., are trying to foist on us with the pending "stimulus" bill, look back to the first half of the 1980s.
In 1981, Ronald Reagan pushed a huge tax-cut bill through Congress. For corporations, it offered an array of new loopholes, centered on super-accelerated "depreciation" write-offs for equipment and buildings. The results were staggering, as widespread corporate tax avoidance quickly became routine.
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Studies by Citizens for Tax Justice found that half of America's largest and most ...
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