Media

PHARMACEUTICAL GIANT ABBVIE ADDS ANOTHER $5 BILLION IN STOCK BUYBACKS TO BENEFIT CEO, WEALTHY SHAREHOLDERS

Maker of Popular Arthritis Drug Humira That Costs Patients $38K Per Year Pays a 9% Corporate Tax Rate, Reports No U.S. Profits WASHINGTON, D.C. – After raising the price of its best-selling drug 100% over the past six years and paying a corporate tax rate of just 9%—courtesy of the Trump-GOP tax cuts—pharmaceutical giant AbbVie yesterday […]

ANALYSIS: THE TRUMP-GOP TAX CUTS ONE YEAR LATER

The Trump-GOP tax cut law, formally known as the Tax Cuts and Jobs Act (TCJA), passed Congress Dec. 20, 2017, and was signed into law by President Trump two days later. As we approach the law’s first anniversary, Americans for Tax Fairness recaps the major elements of the plan and analyzes its effects so far […]

STATEMENT: BRADY TAX BILL ANOTHER $80 BILLION GIVEAWAY; HEALTHCARE CORPORATIONS BIG WINNERS

Statement of Frank Clemente, executive director of Americans for Tax Fairness, a diverse coalition of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans: Tomorrow, the U.S. House of Representatives will vote on yet another unpaid-for corporate tax giveaway that will add […]

FACEBOOK TO REPURCHASE $9 BILLION MORE IN SHARES, ADDING TO ITS PREVIOUS $9 BILLION BUY BACK

Facebook’s Decision Pushes Total Announced Corporate Stock Buybacks To Record $853 Billion Since Trump-GOP Tax Cuts WASHINGTON, D.C. – The announcement on Friday by Facebook that it would repurchase another $9 billion of its shares puts the company in the top-ten list of corporations that have authorized massive stock buybacks since passage of the Trump-GOP corporate […]

51 NATIONAL GROUPS OPPOSE NEW BRADY HOUSE TAX-CUT PACKAGE

Dear Representative: We strongly urge you to oppose the partisan 300-page tax package brought out suddenly and without notice Monday by outgoing Ways and Means Committee chairman Kevin Brady and being rushed to the House floor without hearings or consideration in committee. We have three principal objections: Any new tax legislation should get rid of […]

Video: Republicans Ran on the Tax Scam and Lost

ATF Executive Director, Frank Clemente gives an important takeaway from this year’s midterm election: when you deliberately vote to give the wealthy and big corporations a massive tax giveaway — you lose your job!

GM Layoffs Prove Tax Cuts Hurt, Don’t Help, Workers

General Motors’ announcement yesterday that it was idling five North American assembly plants and laying off nearly 15,000 workers proves once again that the only guaranteed winners from corporate tax cuts are corporations and their wealthy shareholders—not local communities and working families. So far this year, the giant automaker reports that it has received a […]

IT WAS JUST A PR STUNT: PFIZER RAISES PRICES ON 41 MEDICATIONS AFTER DELAYING ITS PRICE HIKE IN JULY

Despite billions in Trump-GOP tax cuts, Pfizer still jacks its prices. WASHINGTON, D.C. – When pharmaceutical giant Pfizer hiked the prices of more than 40 of its prescription drugs last July, the company faced withering criticism, including from President Trump, causing the company to back down and defer the price hike until Trump’s vague promises […]

MIDTERM ELECTION RESULTS ARE A STRONG REBUKE OF TRUMP-GOP TAX, ECONOMIC POLICIES

  Four GOP tax-writers lose to Democrats and four others barely win One-third of 2018 GOP tax ads focused on tax issues; just 12% on Trump-GOP tax cuts Trickle-down tax cuts as a winning campaign issue put to rest WASHINGTON, D.C. – Tuesday’s outcome in the midterm elections was a strong rebuke of the tax […]

NEW MERCK, WELLS FARGO STOCK BUYBACKS PUSH TOTAL TO RECORD $786 BILLION AFTER TAX LAW PASSED

Trump-GOP Tax Cuts Enrich Wealthy Shareholders, CEOs While Wages and Investments Are Flat WASHINGTON, D.C. – New announcements of stock buybacks by big corporations that received hefty tax breaks under the Trump-GOP tax cut law have pushed the total amount of stock buybacks authorized by companies since the tax law passed to a record $786 […]