Send tips to Community Media Worskhop
cmw@newstips.org
NEWSTIPS HOME | About | Follow on Twitter @ChicagoNewstips


GE hit on “tax dodging,” Durbin on budget cuts

A dozen community and faith groups will protest “tax dodging” by General Electric and call on Senator Dick Durbin to lead the charge for corporate tax reform to fund social programs in related actions tomorrow.

Protestors will deliver a giant “cease and desist” letter calling on GE to “stop dodging taxes while lobbying for cuts to Social Security” at GE’s Chicago headquarters, 500 W. Monroe, at 12 noon on Thursday, August 22.  They will demonstrate outside Durbin’s office at 230 S. Dearborn at 12:40 p.m.

It’s part of a national week of action “outing” corporate tax dodgers across the country by Chicago-based National Peoples Action.

Tax-free profits

From 2002 to 2012, GE paid $2.1 billion in federal income taxes while earning $88 billion in profits — a tax rate of 2.4 percent, far below the official rate of 35 percent — according to Americans for Tax Fairness.

In four of those years GE reported $22.5 billion in profits but paid no taxes — and received $4.8 billion in tax rebates, according to the group.

One way it accomplished this was by investing U.S. profits overseas, according to Huffington Post.

Read the rest of this entry »

Lawrence House residents fear vacate order

Tenants of a low-rent high-rise in Uptown and community groups concerned about the loss of affordable housing fear that a building court hearing Tuesday could result in an emergency vacate order.

Though new owners of Lawrence House, 1070 W. Lawrence, have claimed success in relocating tenants of other North Side SROs they’ve redeveloped, a vacate order would let the owners off the hook and leave it up to the city to find emergency shelter for nearly 200 residents, said Mary Lynch-Dungy of ONE Northside.

“We’re basically talking about making 200 people homeless,” she said.

The city is not pushing for an emergency vacate order, said law department spokesman Roderick Drew.

But the owners could propose an order, or the judge could decide to issue one independently.

Lynch-Dungy noted that though Lawrence House has been in building court since 2010 — with over 100 code violations — “no judge has considered the problems serious enough to issue a vacate order.”  But such an order at this time “would be convenient for the new owners,” she said.

Read the rest of this entry »



Get Newstips in Your Inbox!

Enter your email address:


Subscribe in a reader

Newstips Archives

Categories

Add to Technorati Favorites

RSS Nonprofit Communicator

  • An error has occurred, which probably means the feed is down. Try again later.

RSS Chicago is the World

  • Telling people’s stories, an ethnic media success September 2, 2015
        By Stephen Franklin Community Media Workshop   A 3-year-old child died on a plane from Chicago to Poland. This, Magdalena Pantelis instantly knew, was a story her readers would care about. But she needed more detail to write about it for the Polish Daily News, the nation’s oldest daily newspaper in Polish, founded Jan. […]
*

*

*



*










CAN TV is a network that belongs to the people of Chicago.  For updates on local programs, and live, timely coverage of community events, sign up at http://www.cantv.org