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Barbara Lee
Quick Hit
by Ellyn Fortino
5:21pm
Tue Jun 17

Report: Walmart Received $104 Million Taxpayer Subsidy For Executive Pay

recent report reveals that Walmart raked in taxpayer subsidies totaling $104 million for its executive pay over the past six years at the same time many of the retailer'slowest-paid workers have had to rely on public assistance to meet their basic needs.

Taxpayers subsidized the pay for top Walmart officials due to what critics say is a loophole that allows unlimited corporate tax write-offs on performance-based compensation for executives. Read more »

PI Original
by Ellyn Fortino
1:22pm
Fri May 2

Report Sheds Light On Taxpayer Subsidies For Restaurant CEO Pay

Some of the largest corporate members of the National Restaurant Association have pulled in hefty taxpayer subsidies for CEO pay at the same time the industry lobbying group has advocated against measures to increase the minimum wage for workers, a recent report from the Washington, D.C.-based Institute for Policy Studies shows. Progress Illinois takes a look at the report's findings.

Quick Hit
by Ellyn Fortino
11:42am
Fri Dec 20, 2013

New Report Sheds Light On Taxpayer Subsidies For Fast Food CEO Pay

recent report from the Institute for Policy Studies (IPS) reveals that fast food companies have been pulling in large taxpayer subsidies for CEO pay at the same time many of the firms' lowest-paid workers have had to rely on public assistance to help cover their basic needs.

Taxpayers have been subsidizing CEO pay for fast food companies and other firms due to a loophole that allows unlimited corporate tax write-offs on performance-based compensation for top executives.

From 2011 through 2012, CEOs of the top six publicly held fast food companies, including McDonald's, Yum! Brands, Wendy's, Burger King, Domino's and Dunkin' Brands, hauled in a collective $183 million in fully deductible performance pay, which comes out to be a total tax break valued at $64 million, according to the report. Read more »

PI Original
by Ashlee Rezin
6:19pm
Fri Mar 15, 2013

Illinois Congressmen Push Bills On DOD Audit, Future Of U.S. Physicians & Fracking

Three bills in Congress received co-sponsorship from Illinois legislators this week ranging from a call to audit the Pentagon to an investigation of the environmental and health consequences of fracking. We take a closer look at the bills.