In their first legislative vote of the new Congress, House Republicans will use their majority to repeal IRS funding designed to close tax gap that lets wealthy and corporate tax cheats evade billions The first legislative vote by the new House Republican majority scheduled for Tuesday, January 3, is to repeal nearly all of the […]
On the Other Hand, Congress Is About to Give More Tax Breaks to the Wealthy Saving for Retirement While Giving Crumbs to Working People In a victory for tax fairness, Congress has rejected in the newly released omnibus spending package the renewal of three major tax breaks urgently sought by big corporations, which were part […]
As Ways & Means Meets Today to Vote on Disclosure, It’s Clear Americans Have a Right to Know If Trump Is a Tax Dodger or Gained from Official Actions After winning a nearly four-year battle to obtain access to Donald Trump’s tax returns, the House Ways and Means Committee should in its scheduled meeting today […]
December 19, 2022
POLLING COMPILATION ON TAXING CORPORATIONS
Dear Member of Congress: We urge you to oppose problematic retirement savings legislation that purports to help low- and middle-income families prepare for retirement, which is being considered for inclusion in omnibus appropriations legislation. It will primarily subsidize the wealthy and worsen the racial wealth gap. We urge you to shift direction: reform our retirement […]
‘If Democrats…Cave to This Special Interest Demand They Will Be Betraying Working Families’ Private equity billionaires would be among the big winners from a corporate lobbying push in Congress to reap a windfall from a retroactive tax break in the omnibus bill now being crafted. Lobbyists and their many allies in Congress are trying to […]
December 7, 2022
Congress Urged To Boost Corporate Taxes, Not Cut Them
In Letter to Congress at Start of Lame Duck, Nearly 60 National Groups Oppose Loophole Extensions that Could Cost $600 Billion Reflecting growing public demand for tax fairness, 58 national organizations yesterday sent a letter to Congress urging it to reject the extension of three corporate tax loopholes that could cost up to $600 billion […]
Dear Member of Congress: We urge you to oppose the inclusion of corporate tax breaks in any lame-duck legislative package. At a time when corporations are making record-high profits while paying record-low taxes as a share of the economy, and when corporate price gouging is helping to fuel inflation, corporations should start paying more of […]
Major corporations enjoying record profits from low tax rates and inflated prices are lobbying Congress to renew three major tax breaks before the end of the year, two that expired this year and a third expiring next year. These tax giveaways—which could cost $600 billion in lost revenue if extended over 10 years—were given expiration […]