The House Ways and Means Committee tax bill makes important improvements to estate- and gift-tax rules that would curb some of the worst abuses of the ultra-rich and provide some limits on the creation of family dynasties, but further reforms are needed. Following is an explanation of current loopholes in estate- and gift-tax law, how […]
Dear Speaker Pelosi, Majority Leader Schumer, and Chairs Neal and Wyden: The undersigned organizations advocate for the health, well-being, and economic security of Black, Latinx, Asian, Indigenous, and other communities of color. We write to make clear how important it is to communities of color that Congress enact a robust budget reconciliation package of at […]
June 11, 2021
THE CASE FOR A 28% CORPORATE TAX RATE
TOPLINES Raising the corporate tax rate from 21% to 28%, as President Biden proposes, is a moderate reform that would raise nearly $900 billion for vital public investments—including many helpful to business. Because of loopholes, most corporations are not paying the 21% rate, let alone paying anything close to their fair share of taxes. Last […]
By 29-point Margin, Voters Say Raising Taxes On Wealthy Helps Economy A new national poll by ALG Research and Hart Research released today finds strong support for raising taxes on the wealthy and corporations, that it is a top-tier priority issue for voters, and that highlighting it boosts support for President Biden’s economic plans. The […]
Americans for Tax Fairness Executive Director Frank Clemente issued the following statement on news that President Biden has dropped his demand that a bipartisan infrastructure package include an increase in the corporate income tax rate to 28%: “It appears that President Biden has not abandoned his campaign pledge to raise the corporate income tax rate […]
POLLING & PUNDITS AGREE: REFORMING THE RIGGED TAX SYSTEM TO INVEST IN INFRASTRUCTURE, HEALTHCARE, CHILDCARE, EDUCATION & GREEN ENERGY IS WIDELY & WILDLY POPULAR (Washington, D.C.) President Biden’s bold plan to raise $3.6 trillion through fairer taxes on the wealthy and corporations to help pay for improved infrastructure, childcare, healthcare, education, green energy, and more […]
TOPLINES President Biden’s American Families Plan would make the wealthy begin to pay their fair share of taxes by changing how “capital gains” are taxed. He wants to tax wealth like work by closing two major loopholes that let the rich pay a lower tax rate on the income they receive from wealth than many […]
By Pairing ‘American Jobs Plan’ With ‘Made in America Tax Plan’, President Aims to Strengthen Physical and Human Infrastructure While Ensuring Corporations Start Paying Their Fair Share of Taxes The following is a statement from Frank Clemente, executive director of Americans for Tax Fairness (ATF), regarding President Biden’s American Jobs Plan (AJP). The ATF coalition […]
Dear Member of Congress, We write to express our support for the No Tax Breaks for Outsourcing Act (S.___ / H.R.___), which would eliminate harmful incentives to move the corporate tax base as well as real operations – American jobs and investment – offshore. The bill would ensure that U.S. multinational corporations pay at least […]
by Frank Clemente, Executive Director of Americans for Tax Fairness On behalf of Americans for Tax Fairness and its coalition of more than 400 endorsing organizations, I write to submit testimony for the record for the committee hearing on Tuesday, February 11— “The Disappearing Corporate Income Tax.” We commend the committee for having this […]