Rich Business Owners—Maybe Including Trump—Allowed Costly Break on Old Losses Little noticed when the $2.2 trillion Coronavirus rescue package was enacted were two expensive tax breaks for corporations and wealthy business owners snuck into the CARES Act that are starting to garner critical attention and opposition. Joe Biden is just one political leader pushing back […]
Dear Member of Congress: Americans for Tax Fairness strongly objects to two overly broad and costly tax hand-outs to wealthy businesses gratuitously included in the recent Coronavirus Aid, Relief and Economic Security (CARES) act, and to urge Congress to curtail these provisions in the next COVID-19 rescue package. Coming as it does during an unprecedented […]
Wealthy Business Owners Allowed to Transform Pre-Crisis Losses Into Gains A tax fairness watchdog today blasted two little-noticed provisions in the recently enacted Coronavirus economic rescue package that hand wealthy business owners and corporate shareholders about $200 billion in tax breaks. In a letter to members of Congress, Americans for Tax Fairness (ATF) called for […]
Financial Aid Bill Contains $280 Billion in Business Tax Breaks—Half the Aid Goes to Business, Only a Quarter to Families, & a Big Break for Wealthy Business Owners Like Trump America’s unprecedented health and economic emergencies demand quick enactment of the coronavirus aid package passed by the U.S. Senate, but the flaws in that bill […]
Letter from 72 National Organizations March 18, 2020 Dear Member of Congress: We write to urge an aggressive response to the economic and societal impact of the novel coronavirus outbreak, but caution against allowing this national emergency to be used to demand tax cuts that will be poorly targeted, lack the biggest bang-for-the-buck and favor […]
A diverse coalition of national groups cautioned Congress today not to use the novel coronavirus emergency as an excuse to lavish more tax cuts on the wealthy and corporations or to enact payroll tax cuts. Today, 69 groups argued in a letter to the House and Senate for “an aggressive response to the economic and […]
Major candidates in Democratic presidential field offer fiscal plans many times the size of Clinton’s in 2016 Five leading candidates for the Democratic presidential nomination who have announced detailed revenue and investment plans all proposed much more robust plans than Hillary Clinton offered in 2016, showing how far the debate has shifted in the progressive […]
by Frank Clemente, Executive Director of Americans for Tax Fairness On behalf of Americans for Tax Fairness and its coalition of more than 400 endorsing organizations, I write to submit testimony for the record for the committee hearing on Tuesday, February 11— “The Disappearing Corporate Income Tax.” We commend the committee for having this […]
House Panel Urged to Spotlight Puny Raises, Slow Growth, Collapsing Investment from Corporate Cuts Benefitting Huge Firms While Losing a Fortune in Federal Revenue Corporate tax cuts at the center of 2017’s Tax Cuts and Jobs Act (TCJA) have failed to deliver the boost to workers and the economy promised by its Republican backers two […]
February 10, 2020
ATF Letter to W&M Re TCJA Oversight
The Honorable Richard E. Neal Chairman, House Committee on Ways & Means U.S. House of Representatives Washington, D.C. 20515 The Honorable John Lewis Chairman, Oversight Subcommittee House Committee on Ways & Means U.S. House of Representatives Washington, D.C. 20515 The Honorable Mike Thompson Chairman, Subcommittee on Select Revenue Measures House Committee on Ways & Means […]