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Rebecca Sutton – 11 Things You Need to Know About the Carcinogen Discovered in Drinking Water

December 24, 2010 Leave a comment

From AlterNet:

11 Things You Need to Know About the Carcinogen Discovered in Drinking Water

By Rebecca Sutton

When you see news reports about a cancer-causing chemical in drinking water everywhere you turn, you probably have a few questions.

December 22, 2010

When you see news reports about a cancer-causing chemical in drinking water everywhere you turn, you probably have a few questions. Of course you can read EWG’s full report, but on the off chance you’re pressed for time and just want to know the basics, we put together these 11 questions and answers.

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Susie Madrak – There’s A Little $9 Billion Bauble Under The Tree For Wall St., Multinationals

December 24, 2010 Leave a comment

From Crooks and Liars:

Crooks and Liars’s Latest Posts

There’s A Little $9 Billion Bauble Under The Tree For Wall St., Multinationals

By Susie Madrak

Posted: 24 Dec 2010 07:00 AM PST

It’s all about jobs, jobs, jobs, as Obama likes to say. Only they’re going overseas:

Amid all the goodies for ethanol producers, NASCAR racetracks and the like, the tax-cut compromise legislation approved by Congress this month also includes a little-noticed sop for Wall Street banks and major multinationals.

And it only costs U.S. taxpayers $9 billion.

Under the provision, financial services firms and manufacturers can defer U.S. taxes on overseas income from a type of financial transaction known as “active financing.” Boosters say the two-year exemption helps level the playing field with foreign competitors by ensuring that U.S. corporations aren’t taxed twice.

Major business groups and financial companies consider the exemption a key lobbying priority in Congress, which has regularly extended it on a temporary basis for more than a decade. Those lobbying in favor of the policy include dozens of the largest U.S. companies, from General Electric to J.P. Morgan Chase to Caterpillar, records show.

The Active Financing Working Group, a coalition of companies and trade associations focused on the issue, has paid $540,000 in lobbying fees to Elmendorf Strategies since last year, according to Senate disclosure forms.

The exemption ensures “that U.S.-based financial services [businesses] are able to continue to operate competitively and provide the funds needed for investment and economic growth,” the working group wrote in a letter to the Treasury Department.

But the provision has long been opposed by watchdog groups and labor unions as a needless tax break that encourages companies to create jobs overseas instead of within the United States.

The Kinks – Superman

December 24, 2010 Leave a comment
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