Stop Tax Day Giveaways

Dave Johnson

It’s Tax Day! And right now Congress is working on Tax Day giveaways for the big corporations. When corporations avoid paying their fair share of taxes, the rest of us end up picking up the tab. So Happy Tax Day!

Have you heard politicians screaming about “the deficit?” Have you heard them saying we have to “make the tough choices” and cut back on things government does to make our lives better? (Also called “government spending.”) That’s what they say. But guess what they’re doing right now. (Hint: they’re getting ready to give huge tax breaks to the biggest corporations. It’s called “tax extenders.”)

Sign the Petition: Stop the Corporate Tax Giveaways,

Congress: Stop letting large corporations and banks like General Electric, Goldman Sachs and Citigroup hide their profits offshore to avoid paying U.S. taxes. End the “Active Financing Exception” and the “CFC Look-Through Rule.”

Sign the Petition Here.

A Stinking Pile of Tax Extenders

Right now Congress is preparing to sneak through a number of corporate tax breaks, called “tax extenders.” Isaiah J. Poole explained corporate tax extenders this morning, in “Don’t Let These Zombie Corporate Tax Breaks Come Back To Life”:

A great thing happened at the end of 2013: A pack of corporate tax breaks that long ago should have been weeded out of the tax code finally expired due to congressional inaction and were dispatched to the graveyard of tax inequity.

But today, as millions of Americans rush to file their taxes before tonight’s midnight deadline, corporate lobbyists are digging up the graveyard and working to bring these tax breaks back from the dead.

These are the very tax breaks that enable major corporations to earn billions in profits while paying little or no taxes – or, in some cases, get big payouts.

Isaiah’s post contains all of the sausage-making details. Put simple, it’s a huge, steaming pile of stinking tax breaks for corporations that finally expired, so they’re working to “extend” them.

Stop the Corporate Tax Giveaways

And, finally: Sign the Petition: Stop the Corporate Tax Giveaways:

Big corporations like General Electric, Goldman Sachs and Citigroup stash profits offshore and hire teams of lawyers and accountants to get out of paying their fair share of taxes. Many corporations manage to pay no taxes at all.

These schemes and loopholes cost our country billions of dollars. They were created by lobbyists and put into law by politicians who forgot who they work for.

Now, just in time for Tax Day, lobbyists for the banking industry and big corporations are pushing for two of their favorite loopholes to be renewed. It’s up to us to stop them.

Tell Congress to make big corporations pay their fair share of taxes – and start by ending these loopholes.

PETITION:
Congress: Stop letting large corporations and banks like General Electric, Goldman Sachs and Citigroup hide their profits offshore to avoid paying U.S. taxes. End the “Active Financing Exception” and the “CFC Look-Through Rule.”

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