Lockheed Martin at the Trough

berkshires feeding

Lawrence Wittner: At the very time when (thanks to sequestration) state governments are cutting back aid to low-income women and their children, the government of the State of Maryland seems en route to providing the Lockheed Martin Corporation with a handout worth millions of dollars.

Connecting the Offshore Dots

denis

Rachel Maddow’s example on MSNBC was a simple enough explanation of how $21 billion dollars in annual tax revenue disappears from US coffers through legal loopholes that create tax shell corporations. Mr. Bill Hypothetical, based in Texas, earns $50,000 annually and pays a 25% tax rate. KBR’s profits, also based in Texas (a military contractor [...]