Money

Top tax-dodging corporations still swindle Americans

NATIONAL — Twenty-eight American corporations acknowledged paying less than a 10 percent foreign tax rate on the collectively $409 billion they hold offshore. The 28 corporations that made disclosures in their most recent annual financial reports included these New Jersey-based…

Devine endorses Warren’s student loan refinancing plan

RAHWAY — Democrat James J. Devine endorsed a new student loan refinancing  bill introduced by Massachusetts Senator Elizabeth Warren and asked citizens to sign a petition backing the proposed measure in response to a request from the progressive lawmaker. In an email…

Republicans block wage hike for poor working families

NATIONAL — Senate Republicans blocked a Democratic bill on Wednesday that would boost the $7.25 hourly federal minimum wage to $10.10 over 30 months, handing a defeat to President Barack Obama and 16.5 million low-income workers. Democrats hope the vote…

Christie missed ObamaCare deadline, state to forfeit $7.6 million

STATE — The Christie administration missed Thursday’s deadline for spending $7.6 million in federal funds to help launch our health exchange under the Affordable Care Act. Christie’s inaction showed he would rather appease arch-conservative Republicans rather than help guide Jerseyans…

Obama slams Christie for opposing minimum wage hike

STATE — President Barack Obama on Friday singled out New Jersey’s embattled Republican Governor for balking at a push to raise the minimum wage, a move favored by most Americans. During a meeting with 14 Democratic governors at the White…

Broadcast News Devoted Minimal Coverage When Unemployment Benefits Expired For Millions

Broadcast evening news programs devoted zero coverage to Senate Republicans’ harmful block on extending long-term unemployment benefits. The failed measure received only minimal attention from national media throughout the day. On February 6, the Senate voted to advance a bill that…

IBM Paid 5.8 Percent Federal Income Tax Rate Over 5 Years

International Business Machines (IBM) has paid U.S. corporate income taxes equal to just 5.8 percent of its $45.3 billion in U.S. profits over a five year period from 2008 through 2012. This finding is consistent with recent revelations by reporters…

Super Bowl ticket prices trigger super consumer protection lawsuit

STATE — Josh Finkelman, of New Brunswick, filed a class action complaint in federal court in Newark charging the National Football League (NFL) with violating the New Jersey consumer fraud law by selling Super Bowl tickets at astronomical prices when…