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Thursday, May 23, 2013

Use, Abuse, and Misuse, but not pay for it- American infrastructure and Corporate America

Bridge collapse in Washington state sends cars and people into water | World news | guardian.co.uk: "The major highway bridge linking Seattle with Canada and the rest of the Pacific north-west region collapsed late on Thursday, dumping several vehicles and the people inside into a river, the Washington state patrol said.

The four-lane Interstate 5 bridge collapsed about halfway between Seattle and Vancouver, British Columbia, Trooper Mark Francis said.

Francis said he did not know how many people were in the water or whether there were injuries or deaths. He did not know what caused the collapse, which came at the start of one of the country's busiest holiday weekends of the year."

What is the economic responsibility of corporate America? | Heidi Moore | Comment is free | guardian.co.uk: "Many of these corporations, in protest of "high corporate taxes" that they rarely actually pay, hire expensive lawyers to avoid the entirety of their tax bills. Yet they use the nation's roads for trucking, our waterways for shipping, our bridges and city streets and airports. In small towns, one big corporation can make the entire economy, as FedEx is in its Tennessee headquarters. But how about the towns and the states that these companies just pass through on their way to making money? They don't get the same economic benefit to help with their maintenance.

While major corporations are happy to use infrastructure, they contribute very little to its maintenance as long as they don't pay their full compliment of taxes. Yet convincing these corporations to pay their full tax burden is a lost cause, as was evident yesterday when Apple CEO Tim Cook smilingly explained openly to Congress how Apple uses Irish subsidiaries to lessen its US tax bill. The lawmakers mostly met Cook's testimony with adoration. The message of his appearance on behalf of corporations everywhere was: allow us to pay lower taxes, and we will stop avoiding them."

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