192 Search Results for corporate taxes

In Letter to Congress at Start of Lame Duck, Nearly 60 National Groups Oppose Loophole Extensions that Could Cost $600 Billion Reflecting growing public demand for tax fairness, 58 national organizations yesterday sent a letter to Congress urging it to reject the extension of three corporate tax loopholes that could cost up to $600 billion […]

Major corporations enjoying record profits from low tax rates and inflated prices are lobbying Congress to renew three major tax breaks before the end of the year, two that expired this year and a third expiring next year. These tax giveaways—which could cost $600 billion in lost revenue if extended over 10 years—were given expiration […]

Americans for Tax Fairness  •  AFL-CIO  •  Americans for Financial Reform  •  Communications Workers of America  •  Economic Policy Institute  •  Institute on Taxation and Economic Policy  •  United Auto Workers June 28, 2019 The Honorable Charles Grassley Chairman, Committee on Finance U.S. Senate Washington, D.C. 20510 The Honorable Ron Wyden Ranking Member, Committee on […]

Americans for Tax Fairness  •  AFL-CIO  •  Americans for Financial Reform  •  Communications Workers of America  •  Economic Policy Institute  •  Institute on Taxation and Economic Policy  •  United Auto Workers June 28, 2019 The Honorable Richard E. Neal Chairman, House Committee on Ways & Means U.S. House of Representatives Washington, D.C. 20515 The Honorable […]

Read full report here. A Dirty Dozen of Big Corporations That Underpay Their Taxes, Overpay Their Executive & Shareholders, and Otherwise Harm The Public Good Much like billionaires and other super-rich individuals, massive corporations in the U.S. have spent years pushing for legislation to lower their taxes. In 2017, the Trump-GOP Tax law cut the corporate […]

Next Step in Major Corporate Tax Reform from Inflation Reduction Act The U.S. Department of the Treasury and Internal Revenue Service issued a Notice of Proposed Rulemaking today to implement the Inflation Reduction Act’s Corporate Alternative Minimum Tax (CAMT). Per the Treasury, the CAMT only applies to large corporations that average more than $1 billion […]

Among the most important progressive tax reforms proposed by the Biden-Harris administration is the Billionaire Minimum Income Tax (BMIT), which is a special tax on the handful of wealthiest households in the country, some of whom go entirely tax-free some years and pay relatively little in many others. The BMIT would only apply to the […]

Kass Discusses Trump-GOP Tax Law, Biden-Harris Tax Plan, Billionaire Taxation & More With Democratic, Republican & Independent Callers to ‘Washington Journal’ WASHINGTON – Proving tax policy is an important and popular topic among the American people, Americans for Tax Fairness (ATF) executive director David Kass recently fielded questions on the subject from callers from across […]

Though most of the 2017 Trump-GOP tax law expires at the end of 2025, certain provisions governing how corporations deduct expenses have already expired. These changes have resulted in corporations paying higher taxes over the past few years, so Republicans want to retroactively reverse them as part of their effort to permanently extend the whole […]

Congress Should Reinstate The Top Corporate Tax Rate To 35%  The 2017 Trump-GOP tax law slashed the corporate tax rate from 35% to 21%—the lowest top rate in eighty years and a lower marginal rate than a worker making $45,000 a year pays. This corporate-rate cut is by far the single most expensive part of […]