Tag: bank of america

Corporate foundations have given millions to the Boy Scouts of America and its subdivisions in recent years despite that organization’s policy of excluding gays and lesbians. Many of those same foundations have policies against giving to organizations that discriminate based on sexual orientation.

The Democratic Congressional Campaign Committee is gunning for Colorado Freshman Representative Cory Gardner with a bold gas-station advertising campaign that highlights his votes in support of oil industry tax breaks and deregulation, on one side, and his votes to prune Medicare, on the other. Ads will appear atop gas pumps in the Fourth District, capturing constituents as they watch their price-of-purchase climb. The ad text underlines the contrast between individual taxpayers sweating out the economy and the mega-profiting non-tax-paying corporations like Chevron and Exxon that are hiking gas prices in a recession without fear of political response.

Five top U.S. corporations racked up millions in profits last year and paid no federal taxes. They spent money instead on political campaigns and it was money well spent. Over the last decade, Bank of America, Boeing, Chevron, ExxonMobil and General Electric handed out $78.7 million to state political campaigns and $45.3 million to federal campaigns, according to a report released Wednesday by the National Institute for Money in State Politics. In return, the corporations in 2009 won $3.7 billion in tax breaks overall and paid $0 in federal taxes. They enjoyed a combined profit of $77.16 billion in 2010.

WASHINGTON-- On Monday, with Sen. Harry Reid (D-Nev.) promising a final vote on financial regulatory reform in the next few days, rather than weeks, thousands descended on K Street in Washington, D.C., to lobby the lobbyists.

Could Congresswoman Markey's  angry letters to credit card companies do more good than her legislation? U.S. Congresswoman Betsy Markey, a Democrat from the Fourth District,...

News of Rep. Betsy Markey's move to battle abusive credit card company practices has already received a lot of media coverage. Bob Moore at...

Dug up fresh, daily. MILLIONAIRE GRASSROOTS ACTION: "These aren't just some organizations that these guys gave money to. They run them...!" The "grassroots" efforts to defeat...