News Releases

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 […]

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 […]

McCONNELL COMMENTS ON CUTTING SOCIAL SECURITY, MEDICARE, MEDICAID REVEAL HARM CAUSED BY TRUMP-GOP TAX CUTS

WASHINGTON, D.C.—A recent NPR-PBS-Marist poll found that by a 60% to 21% margin the public—including a plurality of Republicans—favor rolling back the Trump-GOP tax cuts to reduce the deficit instead of cutting services like Social Security, Medicare and Medicaid. The question was spurred by recent comments from Senate Majority leader Mitch McConnell who blamed the […]

56 Organizations Demand Democratic Congress Obtain and Release Trump’s Tax Returns

READ FULL LETTER HERE: WASHINGTON, D.C. — Today, 56 organizations led by Tax March, Indivisible, and Americans for Tax Fairness have co-signed a letter demanding that a Democratic Congress obtain and publicly release President Donald Trump’s tax returns following the bombshell report from The New York Times into Trump’s dubious tax schemes. The letter urges […]

INCUMBENTS’ VOTES FOR TRUMP-GOP TAX CUT LAW CITED AS KEY ISSUE IN NEWSPAPER ENDORSEMENTS OF CHALLENGERS

Trump-GOP Tax Cut Law Backfiring in GOP Reelection Bids WASHINGTON – Democratic challengers are winning newspaper endorsements around the country due in part to their opponents’ support of the Trump-GOP tax cuts that mostly benefit the wealthy and big corporations. Chicago Sun Times: “We have endorsed (Rep. Randy) Hultgren (R-IL) in the past, but we […]

STATEMENT: McCONNELL COMES CLEAN, ADMITS GOP STRATEGY TO CUT MEDICARE, MEDICAID TO PAY FOR TAX CUTS FOR WEALTHY

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today concerning Senate Majority Leader Mitch McConnell’s statement blaming the expanding federal deficit on critical services such as Medicare, Medicaid and Social Security: “Mitch McConnell finally pulled back the curtain and admitted the truth about the Trump-GOP tax cuts that we’ve been […]