Author

Lisa Finaldi is the former National Campaigns Director for Greenpeace US.

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On tax day, here’s some news that will make your blood boil – Citizens for Tax Justice re-released its report about Fortune 500s federal tax payments from 2008 through 2010, adding new information for 2011. One of our NC based companies – Duke Energy – paid a net federal tax bill of negative 3.5% for those years.

Duke Energy just received a big fat rate increase, is looking for another one this year and would love for the legislature to give them the ability to get even more money out of ratepayers to pre-fund nuclear power plants – plants that even Wall Street won’t invest in.

The report also shows that if companies actually paid the 35% corporate tax rate, it could help reduce the nation’s deficit.  If the Fortune 500s had paid the full 35% corporate tax rate between 2008 and 2011, we’d have $78.3 billion more in federal tax income.

Thanks to NC WARN for bringing this report to my attention.

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If you envision the Dix property in downtown Raleigh as a 306-acre park, there are small signs that a vision which began as early as 2003, when the General Assembly decided to move Dorothea Dix Hospital to Butner, could become reality.

Dorothea Dix Property and Raleigh Skyline

But to fulfill this grand dream, a powerful coalition is needed to propose a plan to address the needs of mental health, conservation, Raleigh city officials and state government as well as to drive and focus the effort.

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The Center for Public Integrity, in collaboration with Global Integrity and Public Radio International, just released an eye-opening “State Integrity Investigation” that assesses all states’ transparency, accountability and anti-corruption mechanisms. The data-driven ranking system gave five states a B grade; 19 states received a C; 18 states received a D; and eight states earned an F. North Carolina received a C- and is a featured example in the investigation – conflicts of interest in the billboard law as well as the lack of sanctions for lobbyists who fail to register. Read More