News Releases

THE STOCK BUYBACKS TOP 20

Banks, Computer and Tech Companies and Pharmaceutical Industry Lead the List of Corporations Buying Record $1 Trillion of Their Stock Since Passage of Trump-GOP Tax Cuts Commercial banks, computer and tech firms and pharmaceutical companies lead the list of industries that announced plans to buy back a record $1 trillion of their own stock since […]

ATF: TRUMP BUDGET “A TESTAMENT TO BROKEN PROMISES. CRUELTY AND FAILED ECONOMIC POLICIES”

  WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on President Donald Trump’s proposed FY 2020 budget: “The president’s 2020 budget is a testament to broken promises, failed economic policies and cruelty toward working families. After ramming through tax cuts that cost nearly $2 trillion and […]

HOUSE ADOPTS AMENDMENT TO H.R. 1 TO REQUIRE RELEASE OF TRUMP’S BUSINESS TAX RETURNS ON TOP OF PERSONAL RETURNS

WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the passage of H.R. 1, which included the ATF-supported amendment that expands the scope of the requirement for presidential and vice-presidential candidates and the president and vice president to release 10 years of their tax returns to […]

AMERICANS FOR TAX FAIRNESS TO SUBMIT TESTIMONY FOR HEARING THURSDAY ON TRUMP’S TAX RETURNS

ATF Report Details Case for Congress to Obtain Trump’s Tax Returns WASHINGTON, D.C. – Americans for Tax Fairness will submit testimony for a hearing Thursday by the House tax committee’s oversight panel on a proposal to require presidents and presidential candidates to release their personal tax returns. ATF’s testimony is based on its detailed report […]

ATF APPLAUDS NEW YORK CITY OFFICIALS AND ACTIVISTS FOR STANDING UP TO AMAZON’S DEMANDS

WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the announcement that Amazon has canceled its plan for a campus in New York City. “Americans for Tax fairness applauds New York City officials who stood up to Amazon, an $800 billion-dollar corporation that paid no federal income […]

Tax Fairness Takes Center Stage in 2020 Race for President

Proposals to tax the wealthy have ignited broad debate and public support as campaign season begins WASHINGTON, D.C. – Three proposals – two by potential Democratic candidates for president – have moved the issue of tax fairness to the center of the 2020 campaigns, igniting a broad debate over how best to reduce the huge income […]

BLOCKBUSTER MERGER, STOCK BUYBACKS: HOW BIG PHARMA IS USING ITS TRUMP-GOP TAX CUTS

Rx Industry’s Share Repurchases Hit $73 Billion Since Tax Law Passed While Drug Prices Continue to Surge WASHINGTON, D.C. – The recently announced $74 billion merger between drug industry giants Bristol-Myers Squibb (BMS) and Celgene highlights how pharmaceutical companies are using their massive Trump-GOP tax cuts: to further enrich their shareholders and CEOs, rather than […]

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 […]

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 […]