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Arizona Corporation Commission Says No (Again) to SRP
Consumer, public health, community, business, environmental, clean energy, and faith-based entities along with residents of Randolph and SRP ratepayers applauded the Commission for once again rejecting Salt River Project’s proposal to add 16 gas units at a cost of nearly $1 billion in ratepayer money.
Arizona Small Businesses Foot $2,213 Bill from Offshore Tax Dodging
According to Picking up the Tab: Small Businesses Pay the Price for Offshore Tax Havens, a new report by the Arizona PIRG Education Fund, the average Arizona small business owner would have to pay an extra $2,213 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.
Report Calls I-11 an Example of Wasteful Spending, Based on Outdated Assumptions
A new report by the Arizona PIRG Education Fund calls I-11 an example of wasteful highway spending based on its outdated assumptions of ever-increasing driving. The study points to data showing that the $2.5 billion proposed project is based on forecasts that are out of sync with current trends and that, at nearly all of the highway’s traffic counter locations, traffic growth has been slower than forecasted in project documents or has actually declined.
BP Could Take $6.3 Billion Tax Deduction For Gross Negligence In Deepwater Horizon Spill
As a result of a U.S. District Judge finding British Petroleum (BP) grossly negligent in its role in the Deepwater Horizon disaster, BP will likely pay up to $18 billion for violations of the Clean Water Act. But if the Environmental Protection Agency fails to specifically forbid it, BP could take a tax windfall of up to $6.3 billion from a settlement deal, effectively shifting over a third of the cost back onto taxpayers.
Bank of America settlement loophole creates at least $4 billion burden for taxpayers
Taxpayers will shoulder anywhere from $4 to $5.8 billion of today’s $16.65 billion Bank of America settlement with the U.S. Justice Department. The settlement, which releases the bank from charges of alleged illegal activity related to mortgage activities, specifically refuses to stop Bank of America from writing the settlement off as a tax break — which means much of the settlement cost will ultimately be shouldered by U.S. taxpayers.