News Releases

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 […]

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 […]