Modal close

Hi there,

You turn to Democracy Now! for ad-free daily news you can trust. Maybe you come for our daily headlines, or our in-depth stories that expose corporate and government abuses of power. You need news that isn't being paid for by campaigns or corporations. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How? This model of news depends on your support. Right now, every new monthly sustaining donation to Democracy Now! will be tripled by a generous supporter. That means if you can give just $4 a month, Democracy Now! gets $12 today.  Pretty amazing right? If you visit us daily or weekly or even just once a month, start your monthly contribution today. Thanks so much. -Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.


Bush Administration and Corporate America Push for Massive Tax Rebate in the Name of Fighting Terrorism

Media Options


This is what some of the biggest corporations in the US would have received in tax rebates under the so-calledEconomic Stimulus Plan that for the last month has been pushed by the Bush Administration in the name of fightingterrorism.

IBM–$1.4 billionFORD–$1 billionGM–$833 millionGE–$670 millionENRON–$250 million

In the wake of the September 11 attacks, the Bush Administration and major corporations have launched an aggressiveeffort to push through a host of business-friendly measures wrapped in the guise of “fighting terrorism.” If we areto believe the pitch–drilling in the Arctic, fast track treaty authority, massive tax cuts–are now vital measuresto preserve our national security.

The Republican version of so-called Economic Stimulus plan, a $100 billion package of tax cuts for corporations andthe wealthy that one public interest group dubbed the “Campaign Contributors War Profiteering Act of 2001,” includeda repeal of the Alternative Minimum Tax, which was passed in the 1980’s after major corporations exploited massiveloopholes to avoid paying taxes. The democratic version of the bill would be tilted towards spending to help thepoor and those unemployed since September 11.

Congress is set to decide on a compromise version of the bill this week, setting up a stark choice between the needsof major corporations and those rendered most vulnerable since the Sept. 11 attacks.


  • Robert Mcintyre, Director, Citizens for Tax Justice.

Related link:

Related Story

Video squareStoryMay 11, 2018If Gina Haspel Is Confirmed at CIA, the U.S. Would Be Giving Other Nations Green Light to Torture
The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop