Stephanie Mencimer

Stephanie Mencimer

Reporter

Stephanie works in Mother Jones' Washington bureau. A Utah native and graduate of a crappy public university not worth mentioning, she has spent several years hanging out with angry white people who occasionally don tricorne hats and come to lunch meetings heavily armed.

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Stephanie covers legal affairs and domestic policy in Mother Jones' Washington bureau. She is the author of Blocking the Courthouse Door: How the Republican Party and Its Corporate Allies Are Taking Away Your Right to Sue. A contributing editor of the Washington Monthly, a former investigative reporter at the Washington Post, and a senior writer at the Washington City Paper, she was nominated for a National Magazine Award in 2004 for a Washington Monthly article about myths surrounding the medical malpractice system. In 2000, she won the Harry Chapin Media award for reporting on poverty and hunger, and her 2010 story in Mother Jones of the collapse of the welfare system in Georgia and elsewhere won a Casey Medal for Meritorious Journalism.

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Cayman Island Office Building Home to 9,000 U.S. Tax Cheats

| Thu Jul. 24, 2008 10:43 AM EDT

Corporate America and its wealthy executive class has had it good under the Bush administration. Not only has it benefited from massive tax cuts, but the Bush administration has stood idle as huge numbers of American companies have set up phony headquarters in the Cayman Islands so better to avoid what little taxes they might have to pay in the U.S. According to a GAO report scheduled for release today, since 2002, the number of American entities reporting a Cayman Island bank account has jumped from 2,677 to nearly 8,000. Suspiciously, investigators traced more than 9,000 American entities that had registered in the Caymans to a single office building.

Past estimates have put the loss of revenue from such schemes at $100 billion. The move to off-shore accounts hasn't exactly been a secret. But the administration has simply turned a blind eye to it as the IRS has struggled to enforce the law with limited resources. That may change, however. The Senate Finance Committee is holding a hearing on the issue today to consider whether the IRS ought to get some more money and power to make sure that every U.S. corporation pays its fair share. That should come as welcome news to cash-strapped states, which are now facing a whopping $40 billion collective budget deficit, according to the National Conference of State Legislators, leading to widespread cuts in everything from health care services to Maine's popular fish hatchery program.

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Tue Sep. 9, 2014 6:30 AM EDT | Updated Tue Dec. 16, 2014 10:10 AM EDT