Leo W. Gerard

President’s Perspective

Leo W. Gerard USW International President

Shiftless Corporations Renounce America

Shiftless Corporations Renounce America

Early last week, the drug firm Mylan stomped on the Stars and Stripes as it ditched America for the Netherlands. Then, on Friday, the drug company AbbVie similarly renounced America. For 30 pieces of silver, it will become Irish.

Medical device maker Medtronic deserted America for Ireland last month. The pharmacy chain Walgreens recently announced it may be next. It plans to dump the land of the free for the bows and scrapes of royal subjects.

Walgreens is willing to prostrate itself before Queen Elizabeth because the British corporate tax rate is lower. Anything for money, right AbbVie? These firms will still park their assets and staff and sales in America. They just won’t pay taxes on foreign income to the country that nurtured them, protected them from patent violators and unfair competitors, and provided them with educated workers, federally-sponsored research and development, and myriad other public services. Now, they can freeload instead. As a result, their U.S. competitors, as well as hardworking Americans, will pay more to cover the shirkers’ share.

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Wall Street Thieves Should Be Ashamed… and Shamed

Jim Hightower

Jim Hightower Author, Commentator, America’s Number One Populist

Wall Street Thieves Should Be Ashamed… and Shamed

When Wall Street wrongdoer Citigroup accepted what the media hailed as a whopping $7-billion penalty for defrauding its own investors and wrecking our economy, the bank's CEO just shrugged, saying: "We believe that this settlement is in the best interest of our shareholders and allows us to move forward and to focus on the future."

Note the lack of any regret, apology, or shame for the bankers' wrongdoings that'll cost Citigroup shareholders a sizeable chunk of change. And note especially the total absence of any pledge that the bankers won't do it again. So much for a $7 billion penalty being a deterrent to Wall Street finagling.

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What I Learned From My Minimum Wage Job

Terrance Heath

Terrance Heath Online Producer, Campaign for America’s Future

What I Learned From My Minimum Wage Job

Sen. Rand Paul mocked President and Mrs. Obama for wanting their daughters to experience working for minimum wage. My own experience taught me “the value of work,” and to value the workers for whom earning a paycheck isn’t always fun, stimulating, or fair.

In a Parade magazine interview last month, President and Mrs. Obama said they wanted their daughters to experience working for minimum wage, to  “get a taste of what it’s like to do that real hard work.” President Obama added that there is value in learning that “[G]oing to work and getting a paycheck is not always fun, not always stimulating, not always fair. But that’s what most folks go through every single day.”

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7 Reasons Consumers Won’t Love the $7 Billion Citigroup Deal

Richard Eskow

Richard Eskow Writer, Host, "The Breakdown;" Senior Fellow, Campaign for America's Future

7 Reasons Consumers Won’t Love the $7 Billion Citigroup Deal

The Justice Department’s settlement with Citigroup was finally announced Monday, July 14. A $7 billion settlement against a too-big-to-fail bank? What’s not to love?

We’ll answer that with another question: If the settlement that the Justice Department just negotiated with Citigroup is as punitive, why did Citigroup’s stock go up when the deal was announced? Reasons for the rise include the report of a good second quarter – a report that just happened to be released on the same day this deal was announced.

Not bad for a bank that just settled fraud charges, recently failed a Federal Reserve stress test, and wouldn’t even exist if the American people hadn’t bailed it out.

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Trumka: Working Families Stand with President Obama Against Workplace Discrimination

AFL-CIO President Richard Trumka issued a statement today proclaiming the federation's support for an executive order issued by President Obama protecting federal employees and employees of federal contractors against discrimination based on gender identity. Trumka said:

Working people believe in equality and fairness. That’s why we are happy to stand with President Obama in supporting protections for workers who are discriminated against on the basis of gender identity.

It is wrong for any employer to discriminate against or fire a worker based on actual or perceived sexual orientation or gender identity. Discrimination in the workplace has no place in the United States. That’s why it's difficult to believe that in many parts of the country, it's legal to fire workers for their sexual orientation or gender identity.

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Take That, Hauty CEOs

Take That, Hauty CEOs

Union Matters

GOP Ensuring IRS Can’t Find Tax Cheats

Arizona congressman Paul Gosar likes to tell his constituents that “I live just like the rest of you folks.” He doesn't. Gosar's lawmaker salary alone runs five times his district’s median income. Gosar also owns “substantial real estate,” plus a local business and a dental practice. His total net worth runs north of $2 million. A fortune that “modest” won't by itself, of course, gain Gosar entry into top plutocratic circles. What will: his push last week to slash funding for the IRS. A Gosar House floor amendment to ax the IRS budget by $353 million passed on a voice vote. Gushed Gosar: “I am ecstatic.” Gosar’s move cuts a quarter of the resources the IRS can devote to finding tax cheats. The IRS already only audits 0.4 percent of partnership returns, a tax return category dear to the hearts of wealthy tax evaders.

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