176 Search Results for corporate taxes

On top of Bailouts, Big Banks Rewarded with Huge Tax Windfall America’s big Wall Street banks and financial firms, profiting handsomely from the new Trump-GOP tax law, are using the bulk of their huge tax-cut savings to further enrich their already wealthy shareholders and executives while sharing little or nothing with their rank-and-file workers, according […]

AMERICANS FOR TAX FAIRNESS STATEMENT FOR THE RECORD  “Hearing Series on Tax Reform: Growing Our Economy and Creating Jobs” U.S. House Ways and Means Committee Wednesday, May 16, 2018 Submitted by: Frank Clemente, Executive Director May 30, 2018 Dear Members of the Committee: Thank you for the opportunity to submit comments for the record regarding […]

View the Full Report in PDF here. INTRODUCTION & KEY FINDINGS America’s 10 biggest prescription-drug corporations—the Pharma Big 10—are among the biggest winners from the Trump-GOP tax cuts but they are sharing few of the benefits with their employees and are offering no pricing relief to their customers. Instead, they are mostly rewarding their CEOs […]

With Tax Cut, Plane Maker Decided to Buy Back $4B of Stock, Boost Dividend by 20%, but not Give Employees a Pay Hike or Bonuses President Trump will try to rally support for his unpopular corporate tax giveaway at a St. Louis Boeing plant Wednesday, but the company serving as his backdrop has yet to […]

“No Tax Breaks for Outsourcing Act” Would Remedy Trump Failure to Stop Manufacturing from Disappearing Offshore WASHINGTON, D.C. – New legislation introduced today would end tax incentives that encourage multinational corporations to shift jobs and profits offshore that were enacted under the recent tax legislation pushed by President Trump and Republicans in Congress. Sponsored by House Ways and […]

Company to Bring Home $67B in Offshore Profits Under Discounted Rate and Get a $10 Billion Tax Break WASHINGTON, D.C.—Cisco Systems has just announced it will return to the U.S. $67 billion in offshore profits held in cash this quarter and spend much of the money on stock buybacks and increased dividends, and apparently spend […]

President Trump and Congressional Republicans claim their massive tax cuts for the wealthy and corporations will greatly increase economic growth, enough even to cover the plan’s $1.5 trillion cost (though they’ve recently been hedging this last claim). Economic experts from across the ideological spectrum strongly refute these claims, both on general principles and as they […]

  HERE IS WHAT THE TRUMP-REPUBLICAN TAX GIVEAWAY LAW DOES: As of March 8, 2018 Gives a massive tax cut to millionaires and corporations. Over 80% of the $1.5 trillion in tax cuts will go to the richest 1% by 2027, when fully phased in. This year, the top 1% will get an average tax […]

Gives 83% of the tax cuts to the richest 1% by 2027. The richest 1% of taxpayers will get one-fifth (21%) of the tax cuts in 2018. That grows to 83% by 2027 because they benefit most from the corporate tax cuts and tax cuts for working families will have expired. The average tax cut […]

This is NOT the “Best Christmas Present of All”; It’s a Disgrace. Upon final House passage of the GOP Tax Bill, Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement: “This monstrosity is not tax reform. It’s a money grab by the richest 1% and the wealthiest corporations, period. It will be paid […]