Tuesday, August 12, 2008

U.S. deficit soars; two-thirds of U.S. corporations pay no income tax

Hmm... two interesting and interrelated stories from CNN.

The budget deficit has reached nearly $103 billion.

And nearly two-thirds of U.S. corporations (and 68% of foreign ones doing business here) pay no federal income taxes.

Yet over the past decade, corporate profits have soared, CEO salaries have gone through the roof, and everyone else's wages have stagnated.

Meanwhile, oil and food prices are way up.

Want four more years of this?

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