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On April 15, the income tax deadline for most Americans, Bernie introduced a bill to stop corporations from avoiding their fair share of taxes by stashing profits in the Cayman islands, Bermuda and other tax havens. He spoke at a Capitol news conference in front of a photo of the notorious Ugland House, the Cayman Islands office that is the registered address of more than 18,000 companies. Yes. There are supposedly 18,000 companies doing business in one small building. Needless to say, it's all a scam to avoid paying taxes to the U.S. government. Nobody is really doing business there. It's just a postal address to allow the companies to claim that they do business in the Cayman islands which has no corporate income tax. “At a time when we have an $18.2 trillion national debt; at a time when many of the largest corporations in America are paying no federal income taxes; and at a time when corporate profits are at an all-time high, it is past time for corporate America to pay their fair share in taxes so that we can address the many problems which this country faces," Bernie said.

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Corporate Tax Dodgers A new study shows that 15 major Fortune 500 companies paid little or no taxes on billions of dollars in profits in 2014. Bernie praised the Citizens for Tax Justice report for revealing the unfairness of our tax system and the fact that a number of the biggest and most well-known corporations such as CBS, GE, Mattel and others pay little or nothing in taxes.” Read more

Generic Drug Price Probe At Bernie’s urging, the Department of Health and Human Services agreed this week to investigate how sudden price hikes by generic drug makers are driving up the cost of taxpayer-supported health care. “Generic drugs were meant to help make medications affordable for millions of Americans who rely on prescriptions to manage their health needs. We’ve got to get to the bottom of these enormous price increases,” said Sanders. The HHS probe was requested as part of an investigation by Bernie and Rep. Elijah Cummings of Maryland. Read more in The Wall Street Journal

50 Years of Cold War is Enough The White House announced on Wednesday that President Obama is removing Cuba from America’s list of nations that sponsor terrorism: “While we may disagree with many aspects of Cuba's government, Cuba is not a terrorist state,” Bernie said. “I applaud President Obama for removing Cuba from the list of those countries that sponsor terrorism, and for moving forward toward normal diplomatic relations. Fifty years of failed Cold War policy is enough. It's time for a new relationship with Cuba.” Read more

Must Reads

Here is What Could Be Fixed by the Taxes on Apple's Offshored Profits Julia Lurie for Mother Jones

A loophole in immigration law is costing thousands of American jobs Michael Hiltzik for Los Angeles Times

Big Winners and Big Losers in the House and Senate Republican Budgets Marian Wright for Edelman Huffington Post

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