"The proposal appears to fail two principles of corporate tax reform," says a letter authored by Americans for Tax Fairness: It would not increase revenue and it would encourage more shifting of jobs and profits offshore.
This time short-term congressional paralysis offers the chance to prevent a long-term disaster. Progressives gets three months to break the momentum of a corporate tax giveaway and get a better transportation bill.
When did it become OK to use savings from the Social Security trust fund – which people have paid into with their payroll taxes – to pay for transportation projects? To avoid the ire of Grover Norquist.
About Isaiah J. Poole
Isaiah J. Poole has been the editor of OurFuture.org since 2007. Previously he worked for 25 years in mainstream media, most recently at Congressional Quarterly, where he covered congressional leadership and tracked major bills through Congress. Most of his journalism experience has been in Washington as both a reporter and an editor on topics ranging from presidential politics to pop culture. His work has put him at the front lines of ideological battles between progressives and conservatives. He also served as a founding member of the Washington Association of Black Journalists and the National Lesbian and Gay Journalists Association.