Raising taxes for top earners was anathema to Representative Dave Camp. Still, there he was on New Year’s Day 2013 backing a plan to do just that -- averting a U.S. fiscal crisis -- to help John Boehner.
President Barack Obama went on the attack against congressional Republicans and used his call for raising the U.S. minimum wage as an appeal to younger voters who might help Democrats avert electoral losses in November.
A Caterpillar Inc. executive defended her company’s tax maneuvers, telling a Senate panel that moving profits from its parts business to Switzerland from the U.S. was a legal and appropriate way to eliminate unnecessary expenses.
Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released today by a Senate investigative committee.