You know how States are hurting? How budgets are in the red to the point some towns cannot even hold elections? Adding insult to injury comes the news States are allowing corporations to pocket taxes they take out of your paycheck and pocket the money for themselves. I kid you not.
Nearly $700 million a year in state income taxes withheld from worker paychecks in 16 states is being used to provide lavish subsidies to corporations rather than paying for vital public services. These diversions have gone to more than 2,700 companies, including major firms such as Sears, Goldman Sachs and General Electric. Few if any of the affected workers are aware, because no state requires they be informed on their pay stubs.
David Cay Johnston put together this nifty video overviewing how corporations manage to take state taxes out of your paycheck yet pocket the money.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Help For Homeowners Is Only Help For Banks
Whistleblowers are now speaking out on the scam HAMP really is. Instead of helping homeowners is pushing them into foreclosure Dylan Ratigan interviewed the Whistleblowers in the below clip.
At this point, many people here are aware that a number of states have deep budget deficits that threaten to bring shutdowns as early as August. I think that throwing some numbers in really shows the depth of the problem as well.
This map shows the gap between expected 2009 state revenues and the budget for the year in percentage terms. California has a real problem, as do several other states.
You know how States are hurting? How budgets are in the red to the point some towns 
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