Voters in Montana on Tuesday delivered a major blow to big moneyed interests by overwhelmingly passing a ballot initiative barring corporate cash from political campaigns in the state. With 87% of votes counted as of Wednesday morning, Montana Constitutional Initiative 194 has received support from more than 65% of voters, with just 35% registering opposition.
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A Delaware judge has ruled in favor of allowing a township in the state to continue counting corporations and other nonliving entities as legitimate voters in its municipal elections. Since 1953, the beachside township of Fenwick Island has allowed voting by nonresident property owners. In 2008, the township amended its charter to allow corporations and trusts in the state…
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Many workers employed by the largest low-wage corporations in the U.S. are dependent on public benefits to access food or health care because their pay is so low, according to a new report by the Institute for Policy Studies (IPS). The report, titled “America’s 20 Largest Low-Wage Employers and the Affordability Crisis,” also found the lowest-paying S&P 500 corporations that primarily exploit…
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Fifteen years after a landmark Supreme Court case turbocharged corporate spending in the political process, a group hopes it may have a way to finally rein in some of the outsized influence of the ultrawealthy. The 2010 ruling on Citizens United v. FEC opened the floodgates of political spending in elections. Every year since then, untraceable financial political contributions…
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The Trump administration is quietly waging an all-out regulatory war on a Biden-era corporate tax that aimed to prevent large companies from dodging their tax liabilities while reporting huge profits. The corporate alternative minimum tax (CAMT) was enacted as part of the Inflation Reduction Act, Democratic legislation that former President Joe Biden signed into law in 2022.
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