On Air Now

Current Show

Larry King   1:00 AM - 5:30 AM

Call the "DJ in PJs" at 1-800-833-9211 and maybe YOU will be on Classic Hits Radio with Late Night Larry!

Show Info »

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
48° Feels Like: 45°
Wind: SE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Cloudy 41°

Tomorrow

Mostly Cloudy/Wind 62°

Fri Night

Rain Late 45°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Levin Says Tax Loopholes Need To Be Fixed By Congress

by
Carl Levin
Carl Levin

WASHINGTON D.C.  (WKZO) --    Have you filled out your tax forms yet? Time is running out. Michigan Senator Carl Levin says if not for business tax loopholes and off-shore tax havens, your personal tax bill would be a lot smaller.

Levin and the Public Interest Research group says that 83 of the nation’s largest publicly traded corporations take advantage of these loopholes and tax havens, costing the country billions in tax revenue.

He says that over the years the tax burden has been shifted onto the rest of us.  About a thousand dollars per tax payer and just over $3000 per small business, who are too small to use the same tax avoidance schemes.

They say their research shows that Pfizer and General Electric are two bad examples of firms that direct income off shore to avoid U.S. Taxes.    They say it may be legal, but it’s not right and needs to be fixed by Congress.

 

Comments