News Releases

The 2018 Tax Debate Media Briefing Book

READ FULL REPORT HERE In Congress, Rep. Rod Blum (R-IA) is an original cosponsor of a resolution declaring the national debt “a threat to national security.”  On her website, Rep. Mimi Walters (R-CA) says, “Our national debt is not only a threat to our financial security it is also a threat to our national security.” On his website, Rep. Erik […]

ANALYSIS OF TAX ISSUES IN THE 2018 FEDERAL MIDTERM ELECTIONS

KEY FINDINGS “Republicans lost the messaging battle on the [tax] issue, per a Sept. 2 polling memo prepared for the Republican National Committee. Their poll found that by 61% to 30%, voters said the law benefits “large corporations and rich Americans” over “middle class families.” The memo attributed this to message discipline from the tax […]

NO EVIDENCE TRUMP-GOP TAX CUTS ARE IMPROVING THE ECONOMY

Eight months since the tax cuts were passed in December 2017, here’s what the data show: Corporate profits up, corporate tax revenues down (Figure 1): In the second quarter of 2018 (six months after the tax cuts passed in December 2017), corporate after-tax profits were 16% higher than a year earlier in the second quarter […]

The Pharma Big 10: Price Gougers, Tax Dodgers

View the Full Report in PDF here. TOPLINES The report examines the profits, taxes, and drug prices of the 10 biggest U.S. pharmaceutical companies, the “Pharma Big 10”: Johnson & Johnson, Pfizer, Merck & Co., Gilead Sciences, AbbVie, Amgen, Eli Lilly & Co., Bristol-Myers Squibb, Biogen and Celgene. Between 2011 and 2015, the Pharma Big 10 […]

Groups Call on U.S. Senators to Support Bill to Disallow Tax Deductions for Legal Settlements

Legislation Follows on the Heels of JPMorgan Chase Tax Deduction of Up to $11 Billion in $13 Billion Settlement with Federal Government WASHINGTON – Americans for Tax Fairness (ATF), a coalition of 325 national and state groups, U.S. Public Interest Research Group, Public Citizen, Americans for Financial Reform and the Coalition for Sensible Safeguards today […]

42 Organizations Call on Congress to Support New Legislation to Replace the Budget Sequester by Closing Corporate Tax Loopholes

FOR IMMEDIATE RELEASE: December 5, 2013 Americans for Tax Fairness (ATF), U.S. Public Interest Research Group (U.S. PIRG) and the Financial Accountability & Corporate Transparency (FACT) Coalition today released a letter signed by 42 organizations calling on Members of the U.S. House of Representatives to co-sponsor the Sequester Delay and Stop Tax Haven Abuse Act, which was introduced today by Reps. Rosa DeLauro (D-CT) and Lloyd Doggett (D-TX).

538 Organizations Call on U.S. Senators to Support the Stop Tax Haven Abuse Act

FOR IMMEDIATE RELEASE: Nov. 6, 2013 Americans for Tax Fairness and the Financial Accountability & Corporate Transparency (FACT) Coalition today released a letter signed by 538 organizations calling on Members of the U.S. Senate to support the Stop Tax Haven Abuse Act (S. 1533). The legislation, introduced by Senators Carl Levin (D-MI), Mark Begich (D-AK), Jeanne Shaheen (D-NH) and Sheldon Whitehouse (D-RI), would close tax loopholes that encourage U.S. corporations to move jobs, profits and operations offshore and avoid paying their fair share of taxes.

160,000 Tell D.O.J. to Prevent JPMorgan Tax Deduction for Mortgage Wrongs

FOR IMMEDIATE RELEASE: Monday, November 4th, 2013 Washington, D.C. – Today, U.S. PIRG and Americans for Tax Fairness presented over 160,000 signatures to the Department of Justice, calling for the agency to prohibit JPMorgan Chase from reaping a multi-billion dollar tax deduction on its expected record-breaking settlement over its sale of crisis-era mortgage securities.

105 Organizations Deliver Letter to Congress Opposing Repeal or Delay of the Medical Device Excise Tax

FOR IMMEDIATE RELEASE: Oct. 15, 2013. Washington -- Americans for Tax Fairness and Families USA today released a letter signed by 105 organizations opposing the repeal or delay of the medical device excise tax. The 2.3 percent excise tax, which was an essential funding mechanism in the Affordable Care Act, has been under attack by Republican leaders in the House of Representatives and by some Democrats. […]

Tax Fairness Coalition Praises Introduction of Sen. Levin’s Legislation to Stop Abuse of Corporate Tax Havens

FOR IMMEDIATE RELEASE: September 19, 2013 TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org    Tax Fairness Coalition Praises Introduction of Sen. Levin’s Legislation to Stop Abuse of Corporate Tax Havens   WASHINGTON, D.C. – Americans for Tax Fairness (ATF), a coalition of more than 325 national and state organizations, today praised the introduction of the Stop Tax Haven Abuse Act. The legislation […]