The cost of US tax subsidies to big business ? $365 billion

Posted on March 11 2011

The Tax Justice Network blog has a great review of the evidence given by veteran US tax justice campaigner Bob McIntyre - the man credited more than any ther with Reagan's 1986 tax reforms - to the Senate Budget Committee on the need for US tax reforms.

It's long.

It's well worth reading.

And as Bob makes clear - the cost of corporates having their noses in the trough is not less than $365 billion a year.

And you wonder why there's a US deficit?

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

2 Responses

Tim Pearson says:

March 11 2011 at 5:42 pm

If only there was the resources all round to do more of this analysis and then the cost of the PR to get it across, there would be a complete U-Turn from antipathy on behalf of the public towards this type of behaviour (corruption). Right now, big business, use enormous resources to simply hide this information.

Enjoying your posts – most of them leave me dumbfounded by their revelations so have no comment to add. Not sure I am alone in that.

Particularly enjoyed the method of argument/structure of your post regarding David Gauke speech, March 1st. http://bit.ly/ged3Bl – That method of analysis is very useful for rapid digestion/interpretation of the key facts.

Thanks for your work.
Richard Murphy says:

March 11 2011 at 8:01 pm

@Tim Pearson

Thanks

And noted…