Class Warfare

Sunset and Vine Takeover: Protest Over Corporate Tax Loopholes Hits the Streets of Hollywood

Comments (0)


Tue, Jan 24, 2012 at 2:17 PM
click to enlarge Sunset y Vine. - JERICL CAT
  • jericl cat
  • Sunset y Vine.

If you think "class warfare" is dead because the Occupy movement no longer really occupies anything, you're probably wrong.

Following the release of Republican presidential candidate Mitt Romney's 2010 tax return, which showed a 13.9 percent rate on his corporate-raider income versus the 30-plus percent most of the rest of us pay, this war taken up by the Occupy nation still has some fight left in it.

In fact, the labor group Good Jobs LA, occupiers, immigrants' rights organizations and others will take the matter to the streets of Hollywood ...

... tomorrow at noon.

Organizers expect about 400 people to start a march from Sunset and Cahuenga boulevards to Sunset and Vine Street to protest "corporate tax dodgers."

View Larger Map

Romney might fit that description, although he paid what he legally owed. The U.S. tax code allows income from capital gains investments to be taxed at a 15 percent rate as opposed to the 35 percent or so levied on workaday paycheck incomes.

Good Jobs LA is especially angry that:

In 2010, 249 of the country's largest and most profitable corporations paid less than the U.S. corporate tax rate and instead received federal tax subsidies totaling more than $87.27 billion.

FedEx -- which has a high-volume branch on the corner of Sunset Boulevard and Vine Street -- is one of the country's worst corporate tax dodgers. From 2008 to 2010, FedEx made $4.2 billion in profits but paid less than 1% in federal taxes. During that time FedEx spent $46 thousand a day lobbying Congress -- $13.8 million more than it paid in taxes.

The group says that when corporations get tax breaks, our ability to hire teachers, firefighters and cops suffers.

It's not clear if they're planning to block the iconic intersection of Sunset and Vine. Good Jobs LA states only that protesters will be "engaging in street theater."

We'll be engaging in applause.

[Added]: Jacob Hay of Good Jobs LA tells the Weekly this afternoon:

I don't believe we'll be shutting down the intersection completely but people will be marching and crossing the street at the Sunset and Vine intersection, so there will be an impact on traffic and business in the area.

[@dennisjromero / djromero@laweekly.com / @LAWeeklyNews]

Related Content


Now Trending

Los Angeles Concert Tickets


  • 21st Annual Classic Cars "Cruise Night" in Glendale
    On Saturday, spectators of all ages were out in multitudes on a beautiful summer night in Glendale to celebrate the 21st annual Cruise Night. Brand Boulevard, one of the main streets through downtown Glendale, was closed to traffic and lined with over 250 classic, pre-1979 cars. There was plenty of food to be had and many of the businesses on Brand stayed open late for the festivities The evening ended with fireworks and a 50th anniversary concert from The Kingsmen, who performed their ultimate party hit, "Louie, Louie." All photos by Jared Cowan.
  • The World Cup Celebrated And Mourned By Angelenos
    The World Cup has taken Los Angeles by storm. With viewings beginning at 9 a.m., soccer fans have congregated at some of the best bars in the city including The Village Idiot, Goal, The Parlour on Melrose, Big Wang's and more. Whether they're cheering for their native country, favorite players or mourning the USA's loss, Angelenos have paid close attention to the Cup, showing that soccer is becoming more than a fad. All photos by Daniel Kohn.
  • La Brea Tar Pits "Pit 91" Re-Opening
    Starting June 28th, The Page Museum once again proudly unveils the museum's Observation Pit, which originally opened in 1952 but has spent most of the last half century closed. Now visitors can get an up-close look at Pit 91, which is currently under excavation. The La Brea Tar Pits, home of the Page Museum, is one of the world's most famous ice age fossil locations, known for range of fossils from saber-toothed cats and mammoths to microscopic plants, seeds and insects. The new "Excavator Tour" is free with museum admission if purchased online at tarpits.org . All photos by Nanette Gonzales.