For decades, big corporations and the wealthiest Americans have used their lobbyists and campaign contributions to rig the tax system in their favor. Here are just two examples:
- More than two dozen big corporations paid no federal income taxes in the last four years, including GE and Verizon.
- Nearly 1,500 people who made more than a million dollars paid no federal income taxes in 2009.
It’s not right that the rich and big corporations get special breaks and loopholes that ordinary people and small businesses don’t get.
We need to overhaul the tax code so that it reflects our values, and so everyone plays by the same rules. We should end tax breaks for companies that ship jobs overseas, and level the playing field for small businesses that create jobs in America. It’s time to start making our tax code fair to average people who work hard and play by the rules, not just the wealthy who lobby hard and rewrite the rules in their favor.
As Americans who are loyal to our communities and our country, we pay our taxes because it’s an investment in America and the next generation. Those who have succeeded should also pay their fair share, because if you do well in America, you ought to do well by America. And those who have been elected to high office should give us a tax code that reflects the interests of the middle class, instead of looking out for the interests of corporate CEOs and their lobbyists.
We can start by demanding that Congress end the Bush tax cuts for the richest two percent, as President Obama has proposed, so that the rich start to pay their fair share.
If you agree, please sign a letter telling Congress to end the Bush tax cuts for the richest 2 percent.