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Do you agree with Midway, Liberty County and the Liberty County Development Authority paying $150K for a turn lane so McDonald’s can open in Midway while the developer pays nothing?


PoliticsNation PoliticsNation: May 13, 2014 11:12 a.m.

You're Secretly Subsidizing A FasFast-food giants save money by paying their typical workers very little, but they also save money by paying their CEOs millions, thanks to a quirk of the tax code. In both cases, American taxpayers cover the cost.

McDonald’s saved $14 million in taxes over the past two years using a loophole that lets companies deduct the costs of performance-based executive pay, according to a report released Monday by the Institute for Policy Studies, a progressive think tank. McDonald’s isn’t alone: Over the past two years, the six largest fast-food companies have used the loophole to save an estimated $64 million in taxes, the report found.

PoliticsNation PoliticsNation: May 13, 2014 11:14 a.m.

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