“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 […]
January 9, 2018
Breakdown of Trump-GOP Tax Giveaway Law
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 […]
December 22, 2017
12 Terrible Things About the Trump-GOP Tax Law
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 […]
December 19, 2017
Reaction To Final Passage Of GOP Tax Scam: Americans Won’t Forget.
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 […]
December 13, 2016
About
Americans for Tax Fairness (ATF) is a diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet […]
Changes to the Security and Exchange Commission’s disclosure requirements for U.S. corporations should include annual country-by-country reporting on activities in foreign countries, urged Americans for Tax Fairness in comments signed by nearly 18,000 supporters. ATF also submitted separate comments to the SEC, which can be found here. “Without this improved transparency, corporations will be free […]
September 8 marks the 100 year anniversary of President Woodrow Wilson signing into law the federal estate tax, a levy on the intergenerational transfer of immense wealth. The tax was implemented in an effort to raise significant revenue as well as to check the rising concentration of wealth. Today, high exemption levels, loopholes that limit […]
The following statement was issued by Americans for Tax Fairness (ATF) Executive Director Frank Clemente in response to the European Commission’s finding this morning that Ireland’s tax arrangements with Apple were illegal and provided up to a 13-billion-Euro subsidy ($14.5 billion) plus interest, or “state aid,” to Apple through various forms of tax avoidance. Ireland’s […]