Media

ATF LAUNCHES “12 DAYS OF TAX SCAM” TO HIGHLIGHT 2nd ANNIVERSARY OF TAX CUT FAILURES

Daily Updates Will Show How the Trump-GOP Tax Law Enriches Corporations But Did Little for Workers or the Economy  Americans for Tax Fairness today launched “12 Days of Tax Scam,” a daily update to highlight how the Trump-GOP tax cuts, which were enacted two years ago this month, have been a gift for the wealthy […]

RECENT POLLING ON THE TCJA TAXING THE WEALTHY & CORPORATIONS

TRUMP TAX SCAM EXPLODES DEFICIT BY $400 BILLION MORE THAN ORIGINALLY PROJECTED

CONGRESSIONAL BUDGET OFFICE SAYS COST OF TAX CUTS AND JOBS ACT IS $1.9 TRILLION, NOT $1.5 TRILLION The 2017 Tax Cuts and Jobs Act – the mammoth Trump-GOP tax cuts that largely benefited the wealthy and corporations – was sold to Congress and the American people as costing $1.5 trillion over 10 years. The Congressional […]

What is the Millionaires Surtax?

Americans for Tax Fairness teamed up with Rep. Don Beyer, Sen. Chris Van Hollen, Sen. Sherrod Brown, Patriotic Millionaires and Institute for Policy Studies to release a brand new #FairShareTaxes plan called the #MillionairesSurtax. Here’s what you need to know:

TRUMP CONSIDERING ANOTHER MAJOR TAX CUT, AGAIN CLAIMING IT’S FOR THE MIDDLE CLASS

2017 “Middle Class Tax Cut” Largely Benefited the Wealthy, Exploded the Deficit Reports that President Donald Trump is considering an election-year “middle class tax cut” has echoes of the 2017 Tax Cuts and Jobs Act, which the Administration billed as a “middle class tax cut” but mostly benefited the wealthy and big corporations. In selling […]

Sen. Chris Van Hollen, Rep. Don Beyer Introduce New ‘Millionaires Surtax’ To Invest in Working Families

Proposal will Raise Significant Revenue, Help Narrow Wealth Gap  Today, U.S. Senator Chris Van Hollen (D-Md.) and Congressman Don Beyer (D-Va.) introduced a new tax proposal to help close the gap between the wealthy and everyone else, and raise significant revenue to make new investments that will grow the economy and protect working families. Their […]

TIME TO EAT YOUR WORDS, SEC. MNUCHIN: TAX CUTS FOR THE WEALTHY DIDN’T LOWER THE DEFICIT

WASHINGTON, D.C. – Two years ago today, Treasury Secretary Steven Mnuchin sold the proposed Trump-GOP tax cuts to lawmakers and the American public by making a bold promise: the tax cuts would reduce the federal defict by more than $1 trillion. “We think this tax plan will cut down the deficits by a trillion dollars,” […]

IMPEACHMENT INQUIRY SHOULD INCLUDE OBTAINING TRUMP’S TAX RETURNS: ATF

Americans for Tax Fairness today urged Congress to obtain President Trump’s personal and business tax returns as part of its impeachment inquiry. Trump has so far resisted attempts by a House committee to turn over his tax returns, saying Congress “has no legitimate legislative purpose” for obtaining the documents. But an impeachment inquiry gives Congress […]

ICYMI: COMPILATION OF NON-PARTISAN RESEARCH AND NEWS REPORTS SHOWS LITTLE ECONOMIC GAIN FROM TRUMP-GOP TAX CUTS

Nevertheless, Trump Considering New Tax Cuts for Wealthy Even Though Polling Compilation Shows TCJA Still Underwater with Public  The 2017 Tax Cuts and Jobs Act (TCJA), the top legislative achievement of the Trump Administration and the GOP Congress, has failed to live up to the many promises by its proponents, according to a year-long compilation […]

TRUMP TAX PLAN TO INDEX CAPITAL GAINS IS GREEDY, COSTLY, FRAUDULENT AND ILLEGAL

A year after first floating the idea of indexing capital gains to inflation, and then wisely shying away from it, the Trump administration is again considering handing the richest 1% another meaty tax cut at the expense of everyone else—and doing it without Congress’s approval. Besides probably being illegal, the proposal would cost up to […]

ATF APPLAUDS GOV. NEWSOM FOR SIGNING BILL ON TRUMP’S TAX RETURNS

Legislation Helps Restore Transparency to Presidential Elections Americans for Tax Fairness today applauded California Gov. Gavin Newsom for signing a bill to require presidential and gubernatorial candidates to release five years of federal tax returns as a condition for appearing on the state’s primary ballot. Frank Clemente, executive director of Americans for Tax Fairness, said […]

‘WHAT IS HE HIDING?’ ATF STATEMENT ON TRUMP’S LAWSUIT OVER HIS TAX RETURNS

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today concerning the lawsuit filed by President Trump against the House Ways & Means Committee to prevent the release of his personal and business tax returns. “President Trump is taking extraordinary legal measures to block Congress and the public from seeing his […]

ICYMI: KANSAS REBOUNDS AFTER REPEAL OF HUGE TAX CUTS

‘Trickle Down’ Plan Failed to Spur Growth, Offers Lessons for Federal Tax Policy Last week, CNBC named Kansas number 19 on its list of America’s Top States for Business, a surprising 16-place jump from its 2018 ranking, making Kansas this year’s most improved state. Good news for Kansas, certainly, but the way the Sunflower State […]

ATF: APPOINTMENT OF FORMER FOX NEWS COMMENTATOR WOULD TURN TREASURY DEPARTMENT INTO PROPAGANDA ARM

Conspiracy Theorist and Accused Plagiarist Monica Crowley Unfit as Treasury Spokesperson President Trump’s decision to appoint a long-time Fox News commentator as spokesperson for the U.S. Treasury Department raises serious questions about whether the public would get accurate information about the economy and taxes from her, or misinformation and lies about the Administration’s policies. Monica […]

SUMMARY OF POLLING ON THE ESTATE TAX & TAXING THE WEALTHY

There is little recent polling on the estate tax. This fact sheet summarizes the few recent poll questions that have been asked and then reviews the bigger body of opinion research on taxing the rich in general or specific proposals, such as enacting a wealth tax of 2% on those whose wealth exceeds $50 million […]

GOV. CUOMO’S SIGNATURE ON TRUST ACT IS ‘VICTORY FOR PUBLIC’S RIGHT TO KNOW”

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement on New York Gov. Cuomo’s signing of the TRUST ACT, which authorizes state officials to share tax return information of elected officials upon a request from Congressional Committees: “Today’s action by Gov. Cuomo is a victory for the public’s right to know. […]

Public Perceptions of the Current Tax Law and Taxing the Wealthy

Polling memo from Lake Research, July 3, 2019

ATF STATEMENT ON LAWSUIT FOR TRUMP’S TAX RETURNS

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the decision by House Ways and Means Committee Chairman Richard Neal to file a lawsuit to compel the Treasury Department to furnish Donald Trump’s personal and business tax returns for the last six years. “It’s unfortunate that the committee has to resort […]

UNIONS, POLICY GROUPS URGE CONGRESS TO INVESTIGATE FAILED PROMISES OF TRUMP-GOP TAX CUTS

Recent CRS Report Finds ‘Discouraging Findings’ About Tax Law’s Impact Seven organizations, including Americans for Tax Fairness, AFL-CIO, Communications Workers of America and Economic Policy Institute, have written to the chairmen and ranking members of the House and Senate tax writing committees urging them to investigate the 2017 Tax Cuts and Jobs Act in light […]

Two Bills Take Aim at Making Tax System Fairer for Working Families

Tax Extenders Bill Before House Ways and Means Committee Today Will Begin Roll-Back of Trump-GOP Tax Law Two bills being marked up Thursday in the House Ways and Means Committee will begin the long overdue process of repealing one of the most egregious parts of the 2017 Tax Cuts and Jobs Act (TCJA) while helping […]

DOZENS OF ORGANIZATIONS, TAX EXPERTS URGE CONGRESS: DON’T CODIFY IRS “FREE FILE” PROGRAM

Program Needs Reform to Protect Low- and Moderate-Income Taxpayers, Groups Warn Yesterday afternoon, a group of 35 organizations and 76 tax and economic experts wrote a letter to Congress to urge against codifying in law a program designed to allow low- and moderate-income taxpayers to file their tax returns for free but isn’t working. The […]

ICYMI: NONPARTISAN ANALYSIS CONFIRMS TRUMP-GOP TAX CUTS DID LITTLE TO BOOST ECONOMY OR AID WORKERS

Non-partisan Congressional Research Service Report Shows Proponents Oversold Tax Cuts With Promises of More Investment & Wage Growth That Hasn’t Happened A recent report by the nonpartisan Congressional Research Service analyzing the fiscal and economic impact of the 2017 Tax Cuts and Jobs Act (TCJA) has confirmed predictions of Americans for Tax Fairness and other […]

VIDEO: ATF’s Executive Director Discusses Infrastructure on Fox Business

Our Executive Director took on Fox Business News to explain why a great way to pay for infrastructure is by making the rich and big corporations pay their fair share. The wealthiest among us got a massive tax break only two years ago… if we want to fund projects that help everyday Americans, well, this […]

ATF STATEMENT ON INCLUSIVE PROSPERITY ACT OF 2019

Small Financial Transaction Tax on Wall Street Trades Will Help Restore Fairness, Balance Frank Clemente, executive director of Americans for Tax Fairness, released the following statement in support of the Inclusive Prosperity Act of 2019, introduced today by Senator Bernie Sanders (I-VT) and Representative Barbara Lee (D-CA), which would assess a tiny Wall Street sales […]

ATF: $2 TRILLION INFRASTRUCTURE PLAN NOT POSSIBLE WITHOUT MAJOR TAX INCREASES

Trump Supposed to Reveal Funding Proposal to Democrats at Wednesday Meeting A $2 trillion plan to rebuild the nation’s crumbling infrastructure and create millions of good-paying jobs cannot be funded without a major increase in taxes, according to Frank Clemente, executive director of Americans for Tax Fairness. As Congressional Democrats prepare to meet with Trump […]

WHY NEW YORK ASSEMBLY SHOULD SUPPORT TRUST ACT

U.S. Congress Needs to Know if Trump Violated Tax Laws This week, the New York Assembly may vote on whether the U.S. Congress will get to obtain President Trump’s tax returns. In light of Treasury Secretary Steve Mnuchin’s refusal to abide by a lawful request to provide six years of Trump’s tax returns to the […]

ATF Statement in Support of Rep. Neal’s Subpoenas To Mnuchin, IRS Commissioner

Frank Clemente, executive director of Americans For Tax Fairness, released the following statement today concerning the issuing of subpoenas by House Ways and Means Committee Chair Richard Neal to Treasury Secretary Steve Mnuchin and IRS Commissioner Charles Rettig for refusing to turn over six years of President Donald Trump’s tax returns as requested: “This is […]

Infrastructure & Taxes Talking Points

TOPLINE MESSAGE: President Trump and Democratic leaders in Congress have proposed to invest $2 trillion to rebuild infrastructure. The $2 trillion cost is about the cost of the Trump-GOP tax cuts, which mostly benefited the wealthy and big corporations. President Trump needs to tell the American people how he proposes to pay for the $2 […]

WE CAN AFF0RD TO RESTORE U.S. INFRASTRUCTURE IF WEALTHY & CORPORATIONS PAY THEIR FAIR SHARE OF TAXES

Progressive Tax Reform is Key to Infrastructure Week’s Message of #BuildforTomorrow As lawmakers in Washington gear up for up for the annual Infrastructure Week starting May 13, they face a tough challenge: How to pay for a multi-trillion dollar rebuilding and expansion of our nation’s infrastructure? There’s bipartisan agreement on the need to repair and […]

BIDEN, BETO JOIN CALL TO REVERSE TRUMP-GOP TAX CUTS FOR WEALTHY, CORPORATIONS

Repeal Could Raise Trillions for Critical Investments WASHINGTON, D.C. – In statements Monday, Democratic presidential candidates Joe Biden and Beto O’Rourke separately urged rejection of the Trump-GOP tax cuts for the wealthy and big corporations, a position that helped spur Democratic victories in the mid-term elections for the House of Representatives. While other presidential candidates have proposed […]

STATEMENT ON PRESIDENT TRUMP MISSING TODAY’S DEADLINE FOR TURNING OVER HIS TAX RETURNS

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement on President Trump missing today’s 5 p.m. deadline for turning over six years of his tax returns as requested by Rep. Richard Neal, the chairman of the House Ways & Means Committee. “President Trump believes he is above the law. He and Treasury Secretary […]

Fair Taxes Now: Revenue Options for a Fair Tax System

Read the full report here.

Tax Day 2019 Media Briefing Memo

WHY THE WEALTHY ARE HAVING A BETTER TAX DAY THAN MOST AMERICANS New Polling Shows Voters Believe Trump-GOP Tax Cuts Skewed to Wealthy & Corporations, Threaten Services WASHINGTON, D.C. — Tax returns due April 15 are the first to be filed under the Tax Cuts and Jobs Act (TCJA), which became law about 16 months […]

WHITE HOUSE CONFIRMS: 96% OF WORKERS STILL WAITING FOR PAY RAISE FROM TAX CUTS

Trump’s Tax Day Statement Says Just 4% of Workers Got a Pay Hike WASHINGTON, D.C. – In a Tax Day statement touting the Tax Cuts and Jobs Act (TCJA) this week, President Trump’s White House released a statement saying “more than 6 million workers received pay raises, bonuses, or increased retirement contributions thanks to the […]

NEW ATF REPORT DETAILS 40 REVENUE OPTIONS TO RAISE TRILLIONS OF DOLLARS FOR CRITICAL NEEDS

Tax Day Report and Online Calculator Show How Corporations & Wealthy Could Pay Fair Share Americans for Tax Fairness today released a 65-page report detailing about 40 progressive tax reform and revenue options that would make the tax system much fairer and could raise trillions of dollars for critical needs like protecting and strengthening Medicare […]

WHY THE WEALTHY ARE HAVING A BETTER TAX DAY THAN MOST AMERICANS

New Polling Shows Voters Believe Trump-GOP Tax Cuts Skewed to Wealthy & Corporations, Threaten Services Tax returns due April 15 are the first to be filed under the Tax Cuts and Jobs Act (TCJA), which became law about 16 months ago. Recent polls continue to show that the law is opposed by more Americans than […]

COSTLY CORPORATE TAX CUTS BENEFIT FEW WORKERS

Table of Contents INTRODUCTION.. 1 Figure 1: Corporate Tax Revenues Collapse from TCJA.. 3 Figure 2: Corporate Profits Up, Corporate Tax Revenues Down. 3 Figure 3: Few Employers Have Announced Raises or One-Time Bonuses. 4 Figure 4: Corporate Tax Cuts Going Mostly to Wealthy Shareholders & CEOs. 4 EXAMPLES OF HOW CORPORATIONS ARE SPENDING THEIR […]

STATEMENT ON REP. NEAL’S REQUEST FOR TRUMP’S TAX RETURNS

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement on Rep. Richard Neal’s request today for six years of President Donald Trump’s tax returns. “Rep. Neal has done the right thing by requesting the president’s tax returns and deserves our thanks. The legal justification for his request is narrow and focused on whether the […]

Video: Trump’s Budget is Just Vicious

President Trump wants to cut health care to give trillions of dollars to the wealthy. That is immoral. 

TRUMP’S 2020 BUDGET EXACERBATES UNFAIRNESS OF GOP TAX LAW

Cuts to health care, education, housing, plus…more tax cuts for the wealthy President Trump’s proposed 2020 budget rubs salt in the wounds caused by the GOP’s 2017 tax law. Not only does it propose that working families pick up the tab for the tax law’s giveaways slanted towards the wealthy and big corporations through funding […]

TRUMP’S 2020 BUDGET GIVES HUGE TAX BREAK TO DRUG, HEALTHCARE COMPANIES

Budget Repeal and Court Attack on ACA Would Deny Coverage for Millions  President Donald Trump’s proposed $4.7 trillion 2020 budget – and his administration’s attack in court to repeal the Affordable Care Act (ACA) – would hand drug companies, health insurance firms and medical device manufacturers a $235 billion tax cut while millions of Americans […]

“Small-Business” Tax Break in Trump-GOP Tax Law Found to Mostly Benefit Wealthy

One of the big lies President Trump and Republicans in Congress used to sell their 2017 tax cuts, which will cost nearly $2 trillion, is that it would greatly benefit “small-businesses.” Their pitch was that “job creators” like corner grocers, neighborhood plumbers and start-up web designers would get a huge tax break knowing full well that most […]

TRUMP BUDGET’S $235 BILLION TAX BREAK FOR BIG PHARMA, HEALTH INSURERS

While the subtitle to President Trump’s new budget reads “Promises Kept. Taxpayers First,” a more accurate slogan would be “Big Tax Breaks for Corporations, Taxpayers Last.” The administration’s treatment of the healthcare industry is a case in point: Trump’s budget would give $235 billion in tax breaks over 10 years to Big Pharma, insurance companies […]

THE STOCK BUYBACKS TOP 20

Banks, Computer and Tech Companies and Pharmaceutical Industry Lead the List of Corporations Buying Record $1 Trillion of Their Stock Since Passage of Trump-GOP Tax Cuts Commercial banks, computer and tech firms and pharmaceutical companies lead the list of industries that announced plans to buy back a record $1 trillion of their own stock since […]

ATF: TRUMP BUDGET “A TESTAMENT TO BROKEN PROMISES. CRUELTY AND FAILED ECONOMIC POLICIES”

  WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on President Donald Trump’s proposed FY 2020 budget: “The president’s 2020 budget is a testament to broken promises, failed economic policies and cruelty toward working families. After ramming through tax cuts that cost nearly $2 trillion and […]

HOUSE ADOPTS AMENDMENT TO H.R. 1 TO REQUIRE RELEASE OF TRUMP’S BUSINESS TAX RETURNS ON TOP OF PERSONAL RETURNS

WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the passage of H.R. 1, which included the ATF-supported amendment that expands the scope of the requirement for presidential and vice-presidential candidates and the president and vice president to release 10 years of their tax returns to […]

2018 Election Results: Tax Fairness is a Winning Message

Republicans lost the tax messaging war in 2018 because progressives clearly defined the problems with the Trump-GOP tax cuts and were unified on the message. “Republicans lost the messaging battle on the [tax] issue,” according to a Sept. 2018 poll for the Republican National Committee. By 61% to 30% voters said the Trump-GOP tax cuts […]

AMERICANS FOR TAX FAIRNESS TO SUBMIT TESTIMONY FOR HEARING THURSDAY ON TRUMP’S TAX RETURNS

ATF Report Details Case for Congress to Obtain Trump’s Tax Returns WASHINGTON, D.C. – Americans for Tax Fairness will submit testimony for a hearing Thursday by the House tax committee’s oversight panel on a proposal to require presidents and presidential candidates to release their personal tax returns. ATF’s testimony is based on its detailed report […]

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 […]

VIDEO: Trump’s Kids Don’t Need a Tax Break

Republicans want to cut taxes for Trump’s kids and other children of billionaire families. Enough is enough. It’s time to enact a progressive estate tax and start investing in programs that actually help working families, not the top two-tenths of 1 percent.

USA Today (OP-ED): Here’s Why Congress Should Obtain Trump’s Tax Returns Now

This opinion piece appeared in USA Today. Frank Clemente & Will Rice wrote: Far from a witch hunt or partisan political attack, Democratic Congressional efforts to obtain President Trump’s tax returns are a necessary exercise of legislative oversight responsibility. The president’s returns, and those of his more than 500 businesses, could answer essential questions about his […]

TRUMP-GOP TAX LAW TALKING POINTS

The Trump-GOP tax law, formally known as the Tax Cuts and Jobs Act (TCJA), was signed into law in December 2017. Below are suggested talking points about the law that can also be used more generally to talk about taxes and the economy. [This fact sheet provides more details.] Americans want an economy that works […]

SIX WORST FEATURES OF THE TRUMP-GOP TAX CUTS

The Trump-GOP tax plan, formally known as the Tax Cuts and Jobs Act (TCJA), was signed into law on Dec. 22, 2017. The biggest broken promises and other worst features of the law are:    #1: Trump and the GOP said “the benefits of tax reform (would) go to the middle class, not to the […]

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 […]

Warren’s Tax on Wealth [Greed] Would Correct Big Deficiency in Tax System

Link to Medium blog post here Sen. Elizabeth Warren’s recently proposed tax on “ultra-millionaires” gets at the real cause of our nation’s destabilizing economic inequality: the wealth gap. She would correct a blaring deficiency in our current tax system with a wealth tax on the super-rich, placing an annual 2% tax on fortunes over $50 million, and […]

Ocasio-Cortez’s Call for 70% Marginal Tax Rate on Super Wealthy Opens Debate on Tax Fairness

Congresswoman’s Proposal Is Supported by History, Current Economic Research & Is One Way to Raise Substantial Income Needed for Vital Public Services WASHINGTON, D.C.—The recent suggestion by Rep. Alexandria Ocasio-Cortez (D-NY) that the marginal tax rate on incomes over $10 million could be raised to as high as 70% is consistent with recent American history […]

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 […]

ANALYSIS: THE TRUMP-GOP TAX CUTS ONE YEAR LATER

The Trump-GOP tax cut law, formally known as the Tax Cuts and Jobs Act (TCJA), passed Congress Dec. 20, 2017, and was signed into law by President Trump two days later. As we approach the law’s first anniversary, Americans for Tax Fairness recaps the major elements of the plan and analyzes its effects so far […]

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 […]

51 NATIONAL GROUPS OPPOSE NEW BRADY HOUSE TAX-CUT PACKAGE

Dear Representative: We strongly urge you to oppose the partisan 300-page tax package brought out suddenly and without notice Monday by outgoing Ways and Means Committee chairman Kevin Brady and being rushed to the House floor without hearings or consideration in committee. We have three principal objections: Any new tax legislation should get rid of […]

GM Layoffs Prove Tax Cuts Hurt, Don’t Help, Workers

General Motors’ announcement yesterday that it was idling five North American assembly plants and laying off nearly 15,000 workers proves once again that the only guaranteed winners from corporate tax cuts are corporations and their wealthy shareholders—not local communities and working families. So far this year, the giant automaker reports that it has received a […]

Video: Republicans Ran on the Tax Scam and Lost

The Trump tax scam was a fraud from the start and Republicans are now paying the price.

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 […]

56 Organizations Demand Democratic Congress Obtain and Release Trump’s Tax Returns

READ FULL LETTER HERE: WASHINGTON, D.C. — Today, 56 organizations led by Tax March, Indivisible, and Americans for Tax Fairness have co-signed a letter demanding that a Democratic Congress obtain and publicly release President Donald Trump’s tax returns following the bombshell report from The New York Times into Trump’s dubious tax schemes. The letter urges […]

INCUMBENTS’ VOTES FOR TRUMP-GOP TAX CUT LAW CITED AS KEY ISSUE IN NEWSPAPER ENDORSEMENTS OF CHALLENGERS

Trump-GOP Tax Cut Law Backfiring in GOP Reelection Bids WASHINGTON – Democratic challengers are winning newspaper endorsements around the country due in part to their opponents’ support of the Trump-GOP tax cuts that mostly benefit the wealthy and big corporations. Chicago Sun Times: “We have endorsed (Rep. Randy) Hultgren (R-IL) in the past, but we […]

STATEMENT: McCONNELL COMES CLEAN, ADMITS GOP STRATEGY TO CUT MEDICARE, MEDICAID TO PAY FOR TAX CUTS FOR WEALTHY

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today concerning Senate Majority Leader Mitch McConnell’s statement blaming the expanding federal deficit on critical services such as Medicare, Medicaid and Social Security: “Mitch McConnell finally pulled back the curtain and admitted the truth about the Trump-GOP tax cuts that we’ve been […]

$750 BILLION: TOTAL STOCK BUYBACKS AUTHORIZED BY U.S. CORPORATIONS SINCE TAX LAW PASSED

Oracle’s second $12 billion stock repurchase in 7 months hits the new level; stock buybacks are flourishing while wages are flat since Trump-GOP tax cuts WASHINGTON, D.C. – With Oracle’s September announcement that it plans another $12 billion stock repurchase, the total amount of stock buybacks authorized by corporations since passage of the Trump-GOP tax cuts […]

HOW DO ‘DEFICIT HAWKS’ EXPLAIN THEIR VOTES FOR TAX CUTS ADDING $5 TRILLION TO THE NATIONAL DEBT?

ATF Releases Media Briefing Book & Questions for Candidates in 2018 Campaign WASHINGTON, D.C. – In Congress, Rep. Rod Blum (R-IA) is an original cosponsor of a resolution declaring the national debt “a threat to national security.”  On her website, Rep. Mimi Walters (R-CA) says, “Our national debt is not only a threat to our financial security it is […]

AFTER $30 BILLION IN PROFITS AND A $4 BILLION TAX CUT, VERIZON SEEKS TO CUT 44,000 U.S. WORKERS, OUTSOURCE UP TO 5,000 JOBS

Actions Show Trump-GOP Tax Cuts No Help for Average Working Families WASHINGTON, D.C. – Verizon, which had profits last year of $30 billion and will receive an estimated $4 billion tax cut in 2018 as a result of the Trump-GOP tax law, announced this week that it could cut its workforce by nearly one-quarter and […]

Video: #TaxScam2 Comes with a Bigger Price Tag

Nine months after handing the wealthy and big corporations a massive tax giveaway, ATF Executive Director Frank Clemente explains how the GOP wants to give the wealthy even MORE tax cuts with #TaxScam2. This new round of tax cuts will come at a heavier price — deep cuts to Social Security, Medicare, Medicare & other […]

STATEMENT: NEW YORK TIMES STORY EXPOSES BROKEN TAX SYSTEM, HOW TRUMP FAMILY AVOIDED TAXES

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today concerning The New York Times investigation into President Trump’s finances: “Today’s story in the New York Times shows why we need to fix our rigged tax system and why we need to know even more about Trump’s personal wealth, including his […]

Statement of Americans for Tax Fairness Upon Passage of Second Round of Trump-GOP Tax Cuts

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today ahead of the vote in the U.S. House of Representatives for a second round of Trump-GOP tax cuts. “Today, the House of Representatives on a largely party-line vote approved a massive $3 trillion tax cut that mostly benefits the wealthy, on […]

Video: #TaxScam2 is the worst sequel ever

ATF Executive Director Frank Clemente explains just how terrifying and horrendous this sequel to the #GOPTaxScam will truly be to working families.

VOTE ON $3 TRILLION IN NEW TAX CUTS PLANNED IN U.S. HOUSE NEXT WEEK

ATF State Reports Detail How Measure Favors Wealthy, Increases Debt and Jeopardizes Critical Services WASHINGTON, D.C. – House Speaker Paul Ryan is expected to bring legislation to the House floor next week that would provide a second round of tax cuts which, like the first round last year, heavily favors the wealthy and businesses, will add […]

NO EVIDENCE TRUMP-GOP TAX CUTS ARE IMPROVING THE ECONOMY

Eight months since the tax cuts were passed in December 2017, here’s what the data show: Corporate profits up, corporate tax revenues down (Figure 1): In the second quarter of 2018 (six months after the tax cuts passed in December 2017), corporate after-tax profits were 16% higher than a year earlier in the second quarter […]

HOUSE COMMITTEE VOTES TO DOUBLE DOWN ON FAILED TRUMP-GOP TAX CUTS FOR THE WEALTHY

New Tax Cut Proposal is More of The Same: Favors the Wealthy, Deepens the Deficit, Threatens Medicare/Social Security WASHINGTON, D.C. – The House Ways and Means Committee voted Thursday along party lines to double down on the failed first round of Trump-GOP tax cuts and approve a bill that provides even more tax cuts that mostly benefit […]

776 NATIONAL AND STATE GROUPS SIGN LETTER OPPOSING ROUND 2 OF TRUMP-GOP TAX CUTS

New Tax Cut Proposal to be Considered Thursday is More of the Same: Favors the Wealthy, Balloons the Deficit, Threatens Medicare/Medicaid/Social Security WASHINGTON, D.C. – A coalition of 137 prominent national organizations have come together with 639 state groups to oppose a second round of tax cuts proposed by President Trump and House Republicans that will, […]

ICYMI — ATF in the News!

WASHINGTON, D.C. – Here is a recap of recent articles mentioning the work of Americans for Tax Fairness. The Hill: Doubts shadow GOP push for tax cuts 2.0, 9/6/18 “I really don’t get the politics of this other than that [Republicans are] trying to appeal to a narrow set of donors or they’re trying to rewrite history,” said […]

Video: Did your employer give you your $4,000 pay raise yet?

This Labor Day, ATF Executive Director Frank Clemente explains how the Trump-GOP tax plan is a raw deal for workers.

EDITORIAL BOARD MEMO: THIS LABOR DAY, WORKERS STILL WAITING FOR THEIR PROMISED $4,000 PAY RAISE

  WASHINGTON, D.C. – As you prepare editorials and messages to honor American workers this Labor Day, we urge you to consider the enclosed research and data showing how the Trump-GOP tax cuts are affecting workers and how they are faring in the current economy. President Trump promised that employers would use their  large tax cuts […]

EDITORIAL BOARD MEMO: TRUMP’S CAPITAL GAINS PROPOSAL IS ANOTHER TAX GIVEAWAY TO THE VERY, VERY RICH

WASHINGTON, D.C. – After signing into law massive tax cuts costing nearly $2 trillion that mostly benefit the wealthy and big corporations, President Trump wants to give the very rich another tax break—this time without approval from Congress. It would cost between $100 and $200 billion over 10 years. Both Trump (net worth: $3.7 billion) and […]

NATIONWIDE ‘DAYS OF ACTION’ TO MARK 53rd YEAR OF MEDICARE AND MEDICAID

More than 100 events in 58 cities to protest proposed cuts in healthcare services to pay for Trump-GOP tax giveaway to the wealthy and corporations WASHINGTON, D.C. – Activists around the country are holding about 100 events to mark the 53rdAnniversary on July 30thof the adoption of Medicare and Medicaid, and to highlight the effects that the […]

ANOTHER DAY, ANOTHER CORPORATE TAX BREAK

House Republicans Continue Their Assault on the ACA With Vote This Week to Repeal Medical Device Tax WASHINGTON, D.C. – A new analysis from Americans for Tax Fairness of medical device industry revenue and profits shows that the industry is doing quite well and not in need of a new tax cut from the House of […]

 THE PFIZER MYTH: DRUG COMPANY HAS NOT LOWERED PRICES

Pfzier delayed another increase, which would have been the second this year and fourth in 18 months. Despite billions in Trump-GOP tax cuts, the drug company’s prices are still too high. WASHINGTON, D.C. – After pharmaceutical giant Pfizer hiked the prices of more than 40 of its prescription drugs on July 1, Pfizer announced yesterday […]

Video: #PatriotsPay Their Fair Share in Taxes

It’s patriotic for the very wealthy and corporations to want to pay their fair share in taxes. Check out this video to see why.

PFIZER USING ITS TRUMP TAX CUTS TO ENRICH SHAREHOLDERS WHILE HIKING DRUG PRICES FOR CONSUMERS

Price Hikes Continue Despite Trump’s Claim That Drug Prices Will be Dropping WASHINGTON, D.C. – Pharmaceutical giant Pfizer hiked the prices of more than 40 of its prescription drugs this week, the second round of increases this year. The hikes were announced despite Pfizer receiving an estimated $25.5 billion tax cut on its nearly $200 […]

WITH GAS PRICES AND HEALTH CARE COSTS RISING, MANY AMERICANS WILL SEE NO BENEFIT FROM TRUMP-GOP TAX CUTS

At July 4th Holiday, Trump’s Tax Cut Promises Hit the Skids Because of Gas Prices WASHINGTON, D.C. —Working families who have been waiting to see the benefits of the Trump-GOP tax cuts will be waiting awhile longer: their promised tax cuts will likely be eaten up by higher gas prices just as they hit the […]

Corporate Stock Buybacks Hit $500 Billion Since Tax Law Passed With Walgreens’ $10 Billion Announcement Today

The Pharmacy Giant Becomes the Latest Corporation to Use its Trump-GOP Tax Cut To Reward its Shareholders, Not its Employees or Customers WASHINGTON, D.C. – Walgreens, the second largest pharmacy chain store in the U.S., today announced that it will repurchase $10 billion worth of stock from its shareholders, the latest in a growing list of […]

THE FACTS ABOUT PRESIDENT TRUMP’S TAX CUTS FOLLOW HIM TO WISCONSIN

ATF Releases State Reports on How Tax Cuts Law Benefits Corporations and the Wealthy, Not Wisconsin Workers and Families, and Jeopardizes Health Care Coverage for Many WASHINGTON, D.C. – As President Trump travels to Wisconsin tomorrow to tout his economic policies and the benefits of his tax law enacted six-months ago, Americans for Tax Fairness […]

STICKER SHOCK: INSURERS REQUEST HUGE HIKES IN FLORIDA HEALTH INSURANCE PREMIUMS

Trump-GOP Tax Law Cited as Key Reason for Increased Insurance Premium Requests ORLANDO, FL – Top insurers in Florida are requesting significant health insurance premium increases for 2019 due to the Trump-GOP tax-cut law and other Trump administration actions that are undermining the Affordable Care Act (ACA), Organize Florida and other groups charged today. According […]

ATF STATEMENT: JANUS DECISION TAKES POWER AWAY FROM WORKING PEOPLE

Frank Clemente, executive director of Americans for Tax Fairness, released the following statement regarding the U.S. Supreme Court’s decision in Janus v. AFSCME Council 31. “Today’s narrow decision in the Janus case is not just about payment of union dues. Fundamentally, it’s about the wealthy and big corporations taking power away from working people who […]

STICKER SHOCK: INSURERS REQUEST HUGE HIKES IN HEALTH INSURANCE PREMIUMS

STICKER SHOCK: INSURERS REQUEST HUGE HIKES IN HEALTH INSURANCE PREMIUMS Trump-GOP Tax Law Cited as Key Reason for Increased Premium Requests WASHINGTON, D.C.—Top insurers across the country are requesting huge health insurance premium increases for 2019 due to the Trump-GOP tax-cut law and other Trump administration actions that are undermining the Affordable Care Act (ACA). […]

Video: Six Months of Trump’s Tax Lies

The #TrumpTaxScam is now six-months old. Watch ATF Executive Director Frank Clemente debunk Trump’s wild claims about his tax scam for the wealthy and big corporations.

Video: ATF Executive Director Debates FOX’s Neil Cavuto about the #TrumpTaxScam

On the six-month anniversary of the passage of the #TrumpTaxScam, watch ATF executive director Frank Clemente debates FOX’s Neil Cavuto about its effect on working families.

Video: 6 Months of Tax Scam Video

Today marks the six-month anniversary of the Trump-GOP tax plan! On this day, we’re grading its performance.

Editorial Board Memo: TRUMP-GOP TAX CUTS SIX-MONTHS ANNIVERSARY: AN ANALYSIS

The Trump-GOP tax cuts, formally known as the Tax Cuts and Jobs Act, passed Congress Dec. 20, 2017, and was signed into law by President Trump on Dec. 22. At the six-month point, Americans for Tax Fairness analyzes below the effects of the law based on six criteria, which rely on numerous authoritative sources. (A link to […]

SCHOOL’S OUT: Six-Month Report Card Gives Trump-GOP Tax Cuts Failing Grades

ATF Releases Report on How Tax-Cut Law Benefits Corporations and the Wealthy, Not Workers and Families, and Jeopardizes Health Care Coverage for Many WASHINGTON, D.C. – Marking the six-month anniversary of the Trump-GOP tax cuts that were signed into law December 22, 2017, Americans for Tax Fairness today released a Six-Month Report Card showing how the tax cuts […]

TRUMP-GOP TAX CUTS SIX-MONTHS ANNIVERSARY: AN ANALYSIS

To: Editors and Columnists From: Frank Clemente, Executive Director, Americans for Tax Fairness Date: June 19, 2018 The Trump-GOP tax cuts, formally known as the Tax Cuts and Jobs Act, passed Congress Dec. 20, 2017, and was signed into law by President Trump on Dec. 22. At the six-month point, Americans for Tax Fairness analyzes […]

132 National Organizations Urge Congress To Oppose “Round 2” of Trump-GOP Tax Cuts

Second Massive Giveaway to the Wealthy Could Cost Another $800 Billion Washington, D.C. – A coalition of 132 prominent national organizations have come together to oppose a proposal by President Trump and the GOP-led Congress for a second round of tax cuts that will largely benefit the wealthy, cost an estimated $800 billion and jeopardize […]

Bank Heist: Wall Street Banks Get Huge Trump-GOP Tax Cuts, Enriching Shareholders But Sharing Little With Workers

On top of Bailouts, Big Banks Rewarded with Huge Tax Windfall Washington, D.C. – 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 […]

ATF Statement for House Ways and Means Committee Hearing “Tax Reform: Growing our Economy and Creating Jobs”

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 […]

More than 50 Organizations Urge Congress to End the Tax Preference for Shifting Jobs and Profits Offshore

Letter to Congress urges members to sponsor the No Tax Breaks for Outsourcing Act Washington, D.C. — Today, more than 50 national organizations sent a letter urging members of Congress to co-sponsor the No Tax Breaks for Outsourcing Act, which would overhaul the new international tax system put in place by the Tax Cuts and Jobs Act to ensure that […]

Harley-Davidson is a Case Study in How the Trump-GOP Tax Law is Failing American Workers — But It’s not Alone

After big tax-rate cut, Harley shut a Kansas City plant—costing 800 local jobs—rewarded shareholders with $700 million in stock buybacks and opened a new facility in Thailand. But the motorcycle maker’s corporate-tax-cut story is not unique. Washington, D.C. – Iconic motorcycle maker Harley-Davidson’s response to the new Republican tax law—cutting jobs, rewarding shareholders, and moving […]

Walmart, Home Depot, Cisco & Others Hold Earnings Call This Week: Will They Announce Any Benefits for Workers?

Only 4.2% of American Workers Have Seen One-Time Bonuses or Wage Hikes Result From the New Tax Law. Which Businesses Getting Tax Windfalls Will Be Next to Share the Wealth with U.S. Workers? Washington, D.C.—Americans for Tax Fairness (ATF) is tracking how businesses are spending their tax savings since the passage of the Tax Cut […]

$407 Billion in Corporate Stock Buybacks! How are Businesses in Your State Spending the Trump Tax Cuts?

Washington, D.C. – Today Americans for Tax Fairness released the latest updates on the Trump Tax Cut Truths website detailing how businesses are spending their tax savings since the passage of the Tax Cut and Jobs Act. The updates include a searchable map allowing you to easily find out how corporations headquartered in each state are spending […]

Tax Law Backfires, Republicans Running Scared

National GOP Leaders Use Smoke Screen and Scare Tactic to Tarnish Pelosi In Latest Effort to Save Face with Working Americans Washington, D.C.—Republicans have released a new ad that suggests Democrats will raise taxes on all Americans if they regain control of Congress. They even go so far as suggesting that if House Democratic Leader Nancy […]

Will Trump’s Speech on Pharma Lead to More Than Tough Talk?

Washington, D.C. – This week, President Trump will deliver a speech with more tough talk about pharmaceutical corporations “getting away with murder,” but instead of holding Big Pharma accountable for price gouging and offshore tax avoidance, Trump and the GOP recently rewarded these companies with massive tax breaks. Americans for Tax Fairness has released a […]

Stock Buybacks Under Trump Tax Cuts Climb to $387 Billion — 58 Times More Than $6.7 Billion Corporations Are Giving Workers

Apple’s new $100 billion stock buyback is 333 times the amount it has promised its employees in a one-time bonus Washington, D.C. — In the latest evidence that the Trump-GOP tax cuts were never intended to help working Americans, stock buybacks climbed to $387 billion yesterday, which is 58 times more than the $6.7 billion […]

Questions about How Apple’s Spending Its Tax Savings Ahead of Earnings Call Tomorrow

BIG PAYOUTS TO INVESTORS, “NEW INVESTMENTS” NOT LINKED TO TAX PLAN Washington, D.C.—Tomorrow, Tuesday, May 1, Apple will hold its quarterly earnings report and this presents an opportunity to ask the company whether it will invest more of its tax savings in its workers.  According to a new website launched by Americans for Tax Fairness, […]

Questions About How Merck & Gilead Sciences are Spending Their Tax Savings Ahead of Earnings Calls Tomorrow

Tax Savings Are Enriching Wealthy Shareholders, Not Raising Wages or Lowering Prices Washington, D.C. – Tomorrow, Tuesday, May 1, Merck and Gilead Sciences will hold quarterly earnings calls, and this presents an opportunity to ask, “how much of your tax savings are being shared with your workers or reducing the costs of prescription drugs for patients?” […]

Bad Medicine: How GOP Tax Cuts Are Enriching Drug Companies, Leaving Workers & Patients Behind

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 […]

Will Verizon Answer for Shortchanging Workers When It Comes to Sharing Its Tax Cut Windfall?

Washington, D.C.–On Tuesday, April 24, Verizon held its quarterly earnings report. Will the telecom giant answer as to why more of its estimated $2.4 billion 2018 tax cut is not being shared with employees or creating jobs? According to a new website launched by American’s for Tax Fairness, which tracks what corporations are doing with […]

Will Anthem Answer for Shortchanging Workers When It Comes to Sharing Its Tax Cut Windfall?

Washington, D.C.–On Wednesday, April 25, Anthem will hold its quarterly earnings report. Will the telecom giant answer as to why more of its estimated $520 million 2018 tax cut is not being directed to employees or to create jobs for American workers? According to a new website launched by American’s for Tax Fairness, which tracks […]

Wells Fargo Annual Shareholder Meeting: Will Company Answer for Failing to Direct Tax Windfall Towards Jobs or Workers?

Washington, D.C. – On Tuesday, April 24, Wells Fargo will hold its annual shareholders meeting, in addition to answering questions about the $1 billion federal fine for mortgage and auto lending abuses, the bank should also have to answer why it is not sharing more of its estimated $3.7 billion annual Trump-GOP tax cut windfall with […]

Indiana Public Radio: National Nonprofit Report Raises Concerns Over Trump Tax Reform Impact On Hoosiers

President Donald Trump’s recent budget proposal includes making cuts to infrastructure, education, affordable housing and healthcare, leading one watchdog group to speak out in concern about the potential impact those cuts could have. Last December, President Trump signed the GOP tax bill, giving breaks to big business and claiming those would trickle down to employees. […]

News-Press: Republicans, tax law stick it to working families

This article appeared in News-Press. Frank Clemente, ATF Executive Director wrote: Working families are, as usual, getting the short end of the stick from the new Trump-GOP tax law. Huge tax cuts that mostly go to the wealthy and corporations are exploding the national debt, and threaten deep cuts to essential public services like Social […]

Americans’ Health Care and Public Services at Risk From Trump Tax & Budget Cuts, New Report Warns

Trump/GOP Tax Breaks for Wealthy, Rx and Insurance Companies, and Trump Budget Show Grim Future of Drastic Health Care and Other Service Cuts for Working Families Washington, D.C. – This week in communities across the country advocates are holding events to educate the public about the harmful effects of the new tax law. Advocates at […]

New Tax Law Benefits Health Care Industry, Endangers Vital Services For America’s Working Families

View the full report in PDF here. View state-by-state reports and graphics here. EXECUTIVE SUMMARY On Tax Day 2018, health care and other vital public services are much less secure for America’s working families due to $1.5 trillion in tax cuts enacted late last year by President Trump and the Republican Congress. The tax cuts […]

USA Today: Tax cut savings flow to company stockholders, trickle to hourly workers

After U.S. corporations got a big tax cut in December, a flurry of announcements touting bonuses and pay raises for hourly employees raised hopes that the cash windfall would keep flowing down to American workers. But the sharing of wealth hasn’t been as generous as hoped. The early payouts, such as one-time awards of $1,000 […]

Newsweek: TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

This article appeared in Newsweek. Nicole Goodkind wrote: President Donald Trump’s corporate tax cuts might not have trickled down to American workers in the way that he suggested they would. Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or […]

ATF Launches Comprehensive Website ‘Trump Tax Cut Truths’

Searchable Database Includes More than 830 Corporations and Covers Size of Tax Cuts, Stock Buybacks, Workers’ Bonuses and Wage Hikes, Job Cuts and More Washington, D.C. – Americans for Tax Fairness today launched a comprehensive website, “Trump Tax Cut Truths,” detailing what American corporations are doing with their Trump tax cuts. The website includes searchable […]

2018 Tax Messaging

Resources for 2018 tax messaging: 2018 Tax Message Survey Memo, 3/20/2018 2018 Talking Points from Message Survey, 3/20/2018 2018 Tax Message Survey PPT Deck, 3/20/2018 Polling on Trump-GOP Tax Law by Party, 3/20/2018

Trump To Promote His Tax Plan At Boeing, But So Far, Company Has Rewarded Shareholders, Not Workers

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 WASHINGTON, D.C.—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 […]

ATF Applauds Senate Democrats’ Plan to Fund Infrastructure by Rolling Back Trump Tax Cuts for the Wealthy

Wall Street Would Help Pay for Upgrades, Not Profiteer as Under Trump Plan WASHINGTON, D.C.—Senate Democrats today unveiled a $1 trillion plan to upgrade America’s crumbling infrastructure, paying for it by rolling back tax cuts lavished on the nation’s wealthiest households and corporations in last year’s Trump-GOP tax giveaway. The Democrats’ plan—which among many vital […]

Scrap the Cap

In February, millionaires and billionaires stopped paying their fair share into Social Security. That’s because, once you earn $128,400 in a calendar year, you stop contributing to Social Security. But while millionaires and billionaires are off the hook, you and I continue to pay into a system that benefits all Americans. Sign the petition demanding […]

House and Senate Legislation Would Close Loopholes in Trump-GOP Tax Law That Incentivize Shifting Jobs & Profits Offshore

“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 […]

Mike Pence’s Fake News on Corporate Investment

At the conservative CPAC conference on Thursday, Vice President Mike Pence claimed that the Trump tax cuts are responsible for hundreds of billions in new corporate investment. Pence boasted, “Since the President’s tax cuts became the law of the land, businesses large and small have actually announced more than $480 billion in new investments in […]

Cisco’s Wealthy Shareholders, Not Workers, Benefit From Trump Tax Giveaway

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 […]

ATF Statement on President Trump’s 2019 Budget

STATEMENT FROM AMERICANS FOR TAX FAIRNESS EXECUTIVE DIRECTOR FRANK CLEMENTE: “Donald Trump has proposed a federal budget that steals from working families to pay for his massive $1.5 trillion tax cut that largely benefits the wealthy and big corporations. He’s taking away health care from seniors, food from families, college loans for the next generation, […]

Bernie Sanders Video: Koch Brothers Cashing In

Watch ATF Executive Director Frank Clemente discuss how much the Koch brothers stand to gain from the GOP Tax Giveaway.

Bernie Sanders Video: Apple’s PR Move

Watch ATF Executive Director Frank Clemente debunk the claim that Apple’s announced U.S. investment is a result of the GOP tax cuts.

7 Reasons why Trump’s Tax Cuts Make No Sense

Check out this video in collaboration with MoveOn.org to see seven reasons why Trump’s corporate tax cuts make no sense.

Statement on Congressman Pascrell’s Privileged Resolution to Demand the Release of Trump’s Tax Returns

Tonight, Congressman Bill Pascrell (D-NJ) will make a privileged resolution demanding that Congress vote to release Donald Trump’s taxes. The House is required to act on privileged resolutions within two legislative days.   STATEMENT FROM AMERICANS FOR TAX FAIRNESS “We’ve long held that President Trump has no credibility to set the nation’s tax policy when […]

Statement on President Trump’s Continued Refusal to Release His Tax Returns

In response to the news that Trump may not release his tax returns until he’s left office, Americans for Tax Fairness issued the following statement: “Trump has finally given up the bogus notion that imaginary audits prevent him from releasing his taxes — now he says that he won’t release them until after he’s out of office. […]

Statement on Republican Health Care Repeal Plan, Redux: It Still Doesn’t Add Up

  “Here’s the math behind the Republican health care repeal plan: Subtract healthcare from 24 million people. Add $600 billion in tax giveaways, mostly for the wealthy and corporations. Multiply out-of-pocket costs for senior citizens by 5. Divide all Americans. This equation didn’t work out the last time they tried it, and it still doesn’t […]

The Guardian: Trump under fire over ‘huge tax cut for the rich’

Frank Clemente, executive director, called the tax cut proposal a “reckless” plan “for massive  giveaways to corporations, the wealthy, and his own family” in return for adding trillions of dollars to the national debt. “So, how would Trump’s White House make up the shortfall? By drastic cuts to essential services and lowering the standard of […]

Associated Press: Trump tax plan stands to benefit the man in the White House

This article on Donald Trump’s tax plan was published by the Associated Press and appeared in ABC News and  other outlets. Josh Boak and Bernard Condon wrote: Among the likely winners in President Donald Trump’s tax-cut plan would be a real estate developer turned reality TV star who now happens to occupy the White House. The […]

CBS News: Who are the winners and losers in Trump’s tax plan?

“Corporations are already dodging their fair share of taxes at a time of record profits, yet he(Trump) is trying to give them a massive tax cut,” said Frank Clemente, executive director of the liberal Americans for Tax Fairness, speaking on the winners. This article appeared in CBS News. Larry Light wrote: Who would come out ahead […]

Statement on Today’s White House Tax Announcement: “We Will Fight This Tax Plan Tooth And Nail”

“President Trump has brought his reckless tax plan from the campaign into the White House, and the math still doesn’t add up. To pay for massive tax giveaways to corporations, the wealthy, and his own family, he will add trillions of dollars to the deficit. And we all know how Republicans feel about the deficit: […]

New York Times: Trump’s Tax Plan: Low Tax Rate for Corporations, and for Companies Like His

“Yesterday, we learned President Trump wants to slash the corporate tax rate, even though corporations already dodge most of their tax responsibilities while making record profits,” said Frank Clemente, executive director of the liberal Americans for Tax Fairness. “Today, we find out it’s even worse. In trying to slash taxes for ‘pass through’ business entities, […]

POLITICO: Instead of launching tax reform, Trump could ground it

“In trying to slash taxes for ‘pass-through’ business entities, Trump is seeking to dramatically reduce his own tax bill,” said Frank Clemente, executive director of Americans for Tax Fairness, on Trump’s proposed tax reform. This article appeared in POLITICO. Ben White and Nancy Cook wrote: President Donald Trump on Wednesday will release a tax reform […]

Reuters: Trump tax plan will sharply slash corporate tax rates

Separately cutting the top tax rate for pass-through businesses, which account for most U.S. companies, could benefit Trump himself, said Frank Clemente, executive director of Americans for Tax Fairness, a Democratic activist group. “In trying to slash taxes for pass-through business entities, Trump is seeking to dramatically reduce his own tax bill,” he said in […]

WSJ Reports Trump is Seeking Pass-Through Rate Of 15%, Would Benefit Trump-Owned Businesses Directly

This afternoon, the Wall Street Journal reported that Donald Trump will seek to reduce the tax rate for “pass-through” businesses, such as the businesses he owns, to 15%. This comes a day after the WSJ confirmed that Trump will also seek to lower the corporate tax rate to 15%. Statement from Frank Clemente, Executive Director of Americans for Tax […]

ATF REACTION: WSJ Reports Trump Will Seek 15% Corporate Tax Rate

This afternoon, the Wall Street Journal confirmed that Donald Trump will pursue a tax plan that would lower the corporate tax rate to 15%. Statement from Frank Clemente, Executive Director of Americans for Tax Fairness: “President Trump is showing his true colors again. Corporations are already dodging their fair share of taxes at a time of record profits, yet […]

Republican Health Care Act Repeal Plan: Tax Cuts for the Rich, Health Care Cuts for Everyone Else

Support for the Affordable Care Act (ACA) is at its highest level ever. Yet, Republicans in Congress are determined to repeal Obamacare despite the public’s widespread opposition to their plan, known as the American Health Care Act. The GOP plan will deprive 24 million Americans of health care coverage and drive up the cost of coverage […]

ATF Op-ed in Huffington Post: Top 3 Reasons President Trump Must Release His Tax Returns

President Trump claims ordinary people “don’t care at all” that he’s the first chief executive in more than 40 years not to release his tax returns. But a January Washington Post-ABC News poll found three quarters (74%) of Americans say Trump should release his tax returns.  That includes a majority (53%) of Republicans. A White […]

Editorial Board Memo: This Tax Day President Trump’s Refusal to Disclose His Taxes Risks 40-Year Tradition

As Tax Day approaches, an important civic tradition is at risk. Since Jimmy Carter was in office, presidents of both parties have released their tax returns on or around April 15. This 40-year tradition has assured citizens that their president is playing by the same rules as they are by paying taxes —a vital concept […]

Tax Coalition Applauds House Democrats Forcing a Vote on Presidential Tax Transparency Act

WASHINGTON, D.C.—Americans for Tax Fairness Executive Director Frank Clemente made the following statement on today’s announcement from House Democrats that they will use a discharge petition to try to force a vote on HR 305, The Presidential Tax Transparency Act, sponsored by Rep. Anna Eshoo (D-CA): “We applaud Leader Pelosi and the House Democrats for […]

Drug-Price Gouging Gilead Sciences Still Dodging Its Taxes

Offshore Profits for Gilead Jumped by One-Third Last Year, to Nearly $38 Billion, Allowing the Pharmaceutical Firm to Avoid $13 Billion in U.S. Taxes WASHINGTON, D.C.— Pharmaceutical giant Gilead Sciences’ offshore profits jumped by nearly 32% in 2016, from $28.5 billion in 2015 to almost $38 billion, according to the company’s latest filings with the […]

The Seattle Post-Intelligencer: Democratic resolution fails to force release of Trump tax returns; Reichert opposes

“If this resolution fails, the public should know which members of Congress are continuing to allow President Trump to hide his business dealings and possible conflicts of interest, and the ways that he could gain personally from his tax (reform) plan,” said Frank Clemente, executive director of Americans for Tax Fairness. This article appeared in […]

ATF Testimony in Support of California Senate Bill 149, The Presidential Tax Transparency and Accountability Act

Testimony Submitted by Frank Clemente, Executive Director, Americans for Tax Fairness California Senate Judiciary Committee Hearing, March 28, 2017 Americans for Tax Fairness (ATF) strongly supports Senate Bill 149, which would require all presidential candidates to publicly release their tax returns for the five most recent years in order to appear on the California ballot. […]

Tax Coalition Urges House Ways & Means Committee to Approve Release of Trump Tax Returns in Vote Today

WASHINGTON, D.C.—Members of the House Ways and Means Committee have a chance to stand up for accountability, transparency and honest government today, as the Committee is scheduled to vote on a resolution to direct the Treasury Secretary to provide President Trump’s federal tax returns to Congress. “This is an issue that the American people care […]

Trump and House GOP Fail at Attempted $600 Billion Tax Giveaway to the Rich

Postponed GOP health care bill was a huge  $600 tax giveaway to the rich and insurance & prescription drug corporations at the expense of health care for 24 million Americans WASHINGTON, D.C.—Americans for Tax Fairness Executive Director Frank Clemente made the following statement in response to U.S. House leadership postponing the vote on the Republican […]

The Tennessean: Don’t give me a tax cut that cuts people’s health care

ATF placed the following Op-Ed by Stephen Price, Vice-Chair of Patriotic Millionaires, in The Tennessean. Republican plans to repeal the Affordable Care Act and the taxes that pay for it would save rich taxpayers like me a lot of money. But it would also cause 24 million Americans to lose their health insurance. That’s not a tradeoff I […]

Editorial Board Memo: GOP Health Care Bill Gives $600 Billion in Tax Breaks, Mostly to Wealthy & Corporations, as 24 Million Lose Health Care

The U.S. House is slated to consider the Republican replacement for the Affordable Care Act (ACA) next week. Debate over the GOP’s American Health Care Act will be heated, given complaints from both ends of the party’s ideological spectrum and solid opposition from Democrats. Central to the debate will be the morality and economic consequences […]

Marketplace: What it might mean if Trump succeeds in cutting the business tax rate

ATF Executive Director Frank Clemente was interviewed by Mitchell Hartman on American Public Media’s “Marketplace” program to discuss President Trump’s proposal to cut the corporate tax rate.  The interview appeared on nearly 1,000 radio stations across the country.  

CBS News: A Trump tax return revealed — here’s what accountants think of it

Frank Clemente, executive director of Americans for Tax Fairness, which favors taxing the wealthy more, pointed out that Mr. Trump derives his income from more than 500 business entities, each with its own income stream and tax filing. “It’s in those filings that you would see names and sources of income,” he said. “The tax […]

NPR: In 2005, Trump Was Hit With A Tax That He Now Wants To Abolish

“Without the alternative minimum tax, Donald Trump would have paid a lower tax rate in 2005 than the poorest half of Americans — just 3.48 percent — despite income of more than $150 million. Trump wants to abolish the AMT. Now we know why,” said Americans for Tax Fairness Executive Director Frank Clemente. This article […]

Trump Trying to Eliminate the Biggest Tax He Pays: The Alternative Minimum Tax

Newly reported Trump 2005 tax return shows $31 million, out of $37 million total, was paid under the alternative minimum tax – a tax he is trying to kill   WASHINGTON, D.C.—President Trump’s newly reported 2005 federal tax return shows he is trying to eliminate the one tax that affects him far more than any […]

Corporate Tax Dodging Outlined in New Report Hurts Jobs and Working Families

Tax loopholes let big U.S. corporations dodge more than a half-trillion dollars in U.S. taxes in recent years. Yes, this shows the system is rigged. But it’s also a huge missed opportunity—to invest in good-paying jobs and the American people. The Institute on Taxation and Economic Policy (ITEP) has just issued the latest in its […]

House Republicans Again Block Request for President Trump’s Tax Returns

WASHINGTON, D.C.—Republicans on the House Ways and Means Committee again block a request for President Trump’s tax returns Wednesday afternoon. Rep. Lloyd Doggett, D-Texas, offered an amendment that the Ways and Means Committee use its legal authority to request copies of President Trump’s federal tax returns for the last 10 years from the U.S. Treasury […]

House Republican ACA Repeal Plan Is Big Tax Break for The Wealthy, Insurers and Drug Companies

WASHINGTON, D.C.—Americans for Tax Fairness Executive Director Frank Clemente made the following statement in response to the House Republicans’ legislation to repeal and replace the Affordable Care Act: “The House Republicans disastrous plan to dismantle the Affordable Care Act puts at risk the health coverage of millions of Americans while handing $465 billion in tax […]

Don’t Be Fooled by Trump’s “Alternative Tax Facts”

When he addresses a joint session of Congress February 28, President Trump will likely make claims about his tax plan that do not match reality. Following are “alternative facts” Trump has offered in the past, paired with the real facts. Eight claims you’re likely to hear Tuesday night: TRUMP: “[T]he tax relief will be concentrated […]

House Republican ACA Repeal Plan Means Millions of Working Families Lose Health Coverage While Rich and Health Care Corporations Get Huge Tax Cuts

Plan would create a new tax on workers’ employer-provided health care benefits  WASHINGTON, D.C.—Americans for Tax Fairness Executive Director Frank Clemente made the following statement in response to today’s release of the draft House Republican plan to repeal the Affordable Care Act: “Congressional Republicans are following through on their threat to repeal all the taxes […]

Post-Election Polling Shows the Public Opposes Tax Cuts for Corporations and the Wealthy

MEMORANDUM FR:       Frank Clemente, Executive Director Americans for Tax Fairness RE:       Post-Election Polling Shows the Public Opposes Tax Cuts for Corporations and the Wealthy DT:       February 7, 2017 Donald Trump and Congressional Republicans are misguided in their efforts to claim a mandate to cut taxes for the wealthy and corporations.  […]

Tax Coalition Urges Opposition to Steven Mnuchin for Treasury Secretary

ATF report shows Mnuchin could get $3.3 million annual tax cut from plan he would be promoting as Treasury Secretary WASHINGTON, D.C.—In a letter to U.S. Senators today, Americans for Tax Fairness urged opposition to the confirmation of Steven T. Mnuchin as Treasury Secretary. “The cabinet post chiefly responsible for setting and implementing federal tax […]

Tax Coalition Urges Opposition to Delaney-Yoho Infrastructure 2.0 Act

Bill would be a tax giveaway to multinational corporations that have been dodging U.S. taxes by holding profits offshore WASHINGTON, D.C.—Today, Americans for Tax Fairness urged members of Congress to oppose the Infrastructure 2.0 Act because it would underfund infrastructure projects while exacerbating the problem of offshore corporate tax avoidance. In a letter to members […]

ATF Applauds Senate Democrats’ Infrastructure Plan Funded by Closing Tax Loopholes

“This ambitious and doable plan by Senate Democrats stands in sharp contrast to the phony infrastructure proposal put forward by President Trump” For a PDF of this document, click here. WASHINGTON, D.C.—Today, Americans for Tax Fairness Executive Director Frank Clemente made the following statement on Senate Democrats’ newly released infrastructure plan: “We applaud Senate Democrats’ […]

Robert Reich Video: Trump’s phony infrastructure plan

ATF joined with Robert Reich and MoveOn.org in preparing this video to expose the special-interest scam of Trump’s infrastructure plan.

Trump’s Proposed Treasury Secretary Could Get $3.3 Million Tax Cut Annually from Trump Tax Plan

Mnuchin’s claim that “[t]here will be no absolute tax cut for the upper class” under Trump’s tax plan is disproven by his potential big windfall Mnuchin as Treasury Secretary could be perceived as having the bank robber guard the bank WASHINGTON, D.C.—Americans for Tax Fairness estimates that Steven T. Mnuchin, President-elect Donald Trump’s nominee for […]

ATF Op-Ed in USA Today: How Obamacare repeal helps rich, hurts poor

This article originally appeared in USA Today. Americans did not vote to make a rigged system even worse, but that’s the GOP plan. Republican plans to repeal the Affordable Care Act (Obamacare) threaten the health care of 30 million Americans and would erode some rare progress made recently to reverse America’s growing economic inequality. By taxing […]

President-elect Trump Tax Plan Would Let Tech Industry Permanently Dodge Hundreds of Billions in U.S. Taxes

WASHINGTON, D.C.— President-elect Donald Trump met with CEOs of some of the most profitable corporations in America today and likely promised them a massive tax giveaway on their untaxed offshore profits, which would mean American families have to pick up their tab. A spokesman for Trump said one of the topics of his meeting with high-tech […]

ATF Urges IRS to Finalize Rule Closing Estate Tax Loophole

Closing the “Valuation Discount Loophole” would preserve the integrity of the federal Estate and Gift Tax and generate up to $18 billion over 10 years, Americans for Tax Fairness Executive Director Frank Clemente said in testimony at the Internal Revenue Service today. The IRS held a hearing on a proposed Estate & Gift Taxes Valuation […]

Trump’s Treasury Pick Will Further Rig the System

Donald Trump ran for president claiming he would end a rigged economic system that works against working people. But Trump’s pick of Steven Mnuchin to run his economic program—including tax policy—shows his real plan is to slant the system even more in favor of billionaires like himself, Mnuchin and their pals on Wall Street. Mnuchin, […]

Mnuchin is the Wrong Person to Lead U.S. Tax System

Americans for Tax Fairness Executive Director Frank Clemente made the following statement on Donald Trump’s nomination of Steven Mnuchin to be U.S. Treasury secretary: “Steven Mnuchin is the wrong person to put in charge of the U.S tax system, which raises $3 trillion a year. “Not only is Mnuchin a member of the Wall Street […]

Admission of Self-Dealing by Trump Foundation Shows Why President-Elect Trump Must Release His Tax Returns

Americans for Tax Fairness Executive Director Frank Clemente made the following statement in response to today’s Wall Street Journal report that “President-elect Donald Trump’s charitable foundation engaged in self-dealing in 2015 and prior years, the foundation said in an Internal Revenue Service filing.” “Today we learned that Donald Trump’s Foundation made illegal payments to ‘foundation […]

ATF Op-ed in Huffington Post: Trump’s Infrastructure Plan Offers Private Gain, Public Pain

Op-ed originally published on The Huffington Post by Frank Clemente, executive director, Americans for Tax Fairness, November 22, 2016 Donald Trump promised he would drain the swamp in Washington, but his proposal to repair our crumbling infrastructure will do anything but that. It’s the same kind of special interest giveaway voters revolted against on Election Day. […]

ATF Urges SEC Disclosure Updates to Include Annual Country-by-County Requirement

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 […]

45 Groups’ Comments to the U.S. Treasury Department Supporting the Proposed Rule on the Estate & Gift Taxes Valuation Discount

TO:       Internal Revenue Service, Department of the Treasury RE:       Comments on REG-163113-02, the Estate, Gift, and Generation-skipping Transfer Taxes; Restrictions on Liquidation of an Interest DT:       November 2, 2016 The 45 organizations that have signed these comments, which represent tens of millions of members, strongly support finalizing the proposed rule that would […]

Instead of Paying Its U.S. Taxes, Qualcomm is Buying a Foreign Company

Qualcomm Technologies, Inc. could permanently avoid $10 billion in U.S. taxes it owes on its offshore profits by using those profits to buy a Dutch semiconductor company, thanks to a loophole allowing U.S. corporations to defer payment of taxes on earnings held outside the country. Qualcomm, the San Diego-based mobile technology company, Thursday announced it […]

ATF Responds to Rep. Noem’s Misleading Estate Tax Op-Ed

Americans for Tax Fairness sent a letter to Rep. Kristi Noem (R-S.D.) to clarify who is affected by the federal estate tax and correct Rep. Noem’s misrepresentation of Hillary Clinton’s proposal to assess a 65% tax rate on estates worth more than $1 billion per couple. “It is important to realize that the requirements for […]

ATF Urges FASB to Adopt Country-by-County Reporting Requirement for Corporate Tax Statements

Changes to the income-tax disclosure requirements for public corporations should include annual country-by-country reporting and the amount of deferred U.S. taxes owed on offshore profits, Americans for Tax Fairness Executive Director Frank Clemente wrote in comments submitted to the Financial Accounting Standards Board. Today is the deadline for public comments on FASB’s draft revisions to […]

Newly-Released Chartbook Uses Data to Disprove Corporations’ False Narrative on Taxes

America’s biggest and most powerful corporations continue to claim they are damaged by the 35 percent U.S. corporate tax rate when it comes to international competition, but the facts prove that simply isn’t true. A newly-released online resource compiled by Americans for Tax Fairness and the Economic Policy Institute shows U.S. corporate profits are near […]

Corporate Tax Chartbook: How Corporations Rig the Rules to Dodge the Taxes They Owe

In recent years, corporate profits have reached record highs, and so too has the amount of untaxed profits U.S. corporations have stashed offshore: $2.4 trillion. And it is estimated corporations could owe as much as $700 billion on those profits. In short, corporations are dodging more and more of their tax responsibilities. While the statutory […]

Editorial Board Memo: All Presidential Candidates Should Release Their Tax Returns Support a U.S. Senate Vote on the Presidential Tax Transparency Act

As Congress returns from its summer recess, it has about three weeks to finish its work for the American people before the November election. Senator Ron Wyden (D-OR) hopes to get a vote on his Presidential Tax Transparency Act, which would require all major presidential candidates to make public their tax returns for the last […]

Editorial Board Memo: Celebrate the 100 Year Anniversary of Federal Estate Tax

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 […]

ATF Applauds European Commission Action Against Apple and Ireland

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 […]

Mylan, Price Gouging Its EpiPen, Is Also Dodging Its Taxes

New figures compiled by Americans for Tax Fairness (ATF) show that Mylan, the drug company now under fire for price gouging consumers on its emergency allergy-response product EpiPen, has seen its profits rise at the same time its taxes have plummeted, thanks to an aggressive offshore tax-avoidance strategy. Mylan completed a corporate “inversion” early last […]

Recent Polling on Tax Fairness and Inequality Issues

From Gallup, these numbers probably make the strongest case and they are consistent with the trends in recent years.  (April 6-10, 2016; Q26) As I read off some different groups, please tell me if you think they are paying their FAIR share in federal taxes, paying too MUCH or paying too LITTLE?  Fair Share Too […]

Irish Media Confirms ATF Claims About Gilead Science’s Massive Profit Shifting

An August 21 news story in FORA, an Irish business publication, confirmed key findings in a recent Americans for Tax Fairness (ATF) report, which alleged Gilead Sciences is shifting most of the U.S. profits it is generating from its exorbitantly priced hepatitis-C medication to Ireland to dodge U.S. taxes. Gilead’s annual report to the U.S. […]

ATF Urges Treasury and IRS to Act Against Gilead Science’s Massive Offshore Tax Dodging

Americans for Tax Fairness urges the Obama Administration to act against Gilead Sciences’ aggressive use of transfer pricing to shift billions of dollars to its offshore subsidiaries so Gilead could avoid U.S. taxes. ATF’s request comes after the U.S. Department of Justice filed a petition to force Facebook to turn over information in the IRS’ […]

ATF Letter to Treasury & IRS Regarding Gilead Profit Shifting

Dear Secretary Lew and Commissioner Koskinen: Americans for Tax Fairness (ATF) greatly appreciates the IRS’s pursuit of up to $5 billion in U.S. taxes owed by Facebook due to its apparent aggressive use of transfer pricing to shift U.S. profits offshore. We want to bring to your attention a similar highly aggressive use of transfer […]

Tax Fairness Advocates Pressure SEC to Improve Disclosure of U.S. Corporations’ Foreign Subsidiaries

WASHINGTON, D.C.—Americans for Tax Fairness and its allies will pressure the Securities and Exchange Commission to require U.S. corporations to disclose all of their foreign subsidiaries and the amount of taxes those subsidiaries owe the United States. “The SEC should adopt a strong regime for disclosure of all corporate subsidiaries. Based on studies done by ATF […]

Huffington Post Op-ed: Gilead Sciences: Price Gouger, Tax Dodger

Op-ed originally published on The Huffington Post by Frank Clemente, executive director, Americans for Tax Fairness, July 18, 2016 If you think the pharmaceutical industry has stolen all it can from the American people through its price gouging, think again. Even as they’re pricing medications as high as the market can bear and beyond, drug […]

New Report: Taxpayer-Supported Gilead Sciences Is Price Gouging the Public, Then Dodging Taxes on the Huge Profits

WASHINGTON, D.C.— A new investigative report finds that in the last two years Gilead Sciences has raked in billions in profits from exorbitantly priced hepatitis C medications that were developed with taxpayer dollars, and then shifted those profits to offshore tax havens where it dodges U.S. taxes. “Gilead is making a fortune selling essential drugs […]

ATF and Daily Kos Delivery Nearly 60,000 Comments in Support of Treasury’s Anti-Inversion Rules

WASHINGTON, D.C.—Nearly 60,000 comments were officially submitted today by Americans for Tax Fairness and Daily Kos members and supporters in favor of the two proposed Treasury Department anti-inversion rules. Representatives of the two groups were joined by additional activists as they hand-delivered the comments to the IRS. “We are very pleased that the Treasury Department […]

ATF and Daily Kos Deliver 60,000 Comments to the IRS

On June 30, 2016 Americans for Tax Fairness partnered with Daily Kos to deliver nearly 60,000 comments to the IRS in support of their new rules on Earnings Stripping and Serial Inverters.

Policy Positions on Tax Isssues in Democratic Party Platforms from 1960 to 2012

Compiled by Americans for Tax Fairness Source for all platform language is here: http://www.presidency.ucsb.edu/platforms.php Note: These are noteworthy excerpts of discussions about tax issues from past Democratic platforms. The excerpts are not comprehensive; often there are brief mentions of tax issues throughout a lengthy platform document. 2012 Note: there are many references in the platform […]

Paul Ryan’s Tax Plan Looks A Lot Like Donald Trump’s Tax Plan—And Neither Serves The American People

House Speaker Paul Ryan and Donald Trump may disagree on some issues, but they are united when it comes to giving huge tax breaks to the wealthy and big corporations. So Ryan’s tax plan, due out June 24, will probably closely resemble that of the presumptive Republican presidential candidate, as detailed in the chart on […]

Ryan’s “A Better Way” Tax Plan is “A Bitter Pill” For Working Americans

WASHINGTON, D.C. —Americans for Tax Fairness Executive Director Frank Clemente made the following statement about House Speaker Paul Ryan’s “A Better Way: A Pro-Growth Tax Code for All Americans,” which was embargoed for release until 12:01 am on June 24, 2016. “This tax plan shows that when it comes to taxes, Speaker Ryan and Donald Trump are marching […]

ATF testifies at the Democratic Platform Committee Hearing

Statement of Frank Clemente Executive Director, Americans for Tax Fairness To the Democratic Platform Drafting Committee Session on “Moving America Forward: Education, Jobs, and the Economy” June 9, 2016 Chairman Cummings and members of the committee, thanks for the opportunity to testify today. I am here on behalf of Americans for Tax Fairness, a coalition […]

See More Infographics at ATF’s Flickr Page

Click here to go to Americans for Tax Fairness’ flickr page to see infographics about Corporate Taxes, Tax Reform, and much more.

Improved Country-by-Country Reporting Critical to Preventing Multinational Corporate Tax Dodging

WASHINGTON, D.C.—Improving country-by-country reporting requirements is critical to identifying, and ultimately preventing, billions of dollars of corporate tax dodging, Americans for Tax Fairness Executive Director Frank Clemente said in testimony to the Internal Revenue Service today. “Profit shifting by multinationals is a principal method of corporate tax avoidance. Improved reporting requirements, as proposed in this […]

Tax Fairness Coalition Launches Viagra Ad Parody on Pfizer’s Failed Tax Dodging Scheme

Washington, DC – Today, in honor of Tax Day and to highlight corporate inversions and other tax-dodging schemes, American Family Voices, Americans for Tax Fairness, and the Agenda Project Action Fund launched a video parody ad entitled “Inversion, from Pfizer, the Makers of Viagra.” “Like Viagra helps men with erectile dysfunction, Inversion helps corporations with […]

It’s Tax Time, But Corporations Aren’t Paying

This op-ed by ATF Executive Director Frank Clemente also appeared on the Huffington Post. Tax Day offers a stark reminder of the difference between those of us who pay all our taxes every year and the big corporations that don’t. While families and small businesses scramble to file their returns each April, multinational corporations are free […]

Termination of Pfizer Inversion is Good News for American Taxpayers

WASHINGTON, D.C.—Frank Clemente, executive director of Americans for Tax Fairness, made the following statement in response to the termination of Pfizer and Allergan’s planned merger, which would have resulted in the New York City-based Pfizer becoming an Irish corporation: “The prevention of Pfizer’s inversion is great news for all American taxpayers: individuals, small businesses and […]

New Treasury Dept. Anti-Inversion Rule Would Prevent Pfizer’s Estimated $35 Billion Tax Break

Pfizer’s attempt to dodge taxes by structuring its shareholder ownership of Allergan at 56%  and save $35 Billion appears to be for naught   WASHINGTON, D.C. –Frank Clemente, executive director of Americans for Tax Fairness, made the following statement in response to the anti-inversion regulations issued by the U.S. Treasury Department on Monday, April 4: […]

The Washington Post: Obama Criticizes Companies That Leave U.S. for Lower Taxes as Pfizer Tries to Merge with Allergan

Under the new rules, stock that Allergan has issued within the past three years to acquire U.S. companies wouldn’t be included in the calculations.  Applying that rule, Americans for Tax Fairness estimates that Pfizer shareholders might own about 70 percent of the new foreign company, well above the 60 percent rule, said Frank Clemente, executive […]

120,000 Americans Tell The White House Via Petition: Stop Pfizer And Other Corporations From Dodging Billions In Taxes

WhiteHouse.gov “We the People” Petition urges Treasury Department to force corporations to pay the taxes they owe on their current untaxed offshore profits   WASHINGTON, D.C. –More than 120,000 Americans have signed a petition urging President Obama to instruct the Treasury Department to force American corporations to pay the U.S. taxes they owe on their […]

Obama’s Treasury Department Can Stop Pfizer’s $35 Billion Tax Dodge

Pfizer, one of the world’s largest pharmaceutical companies and most profitable companies, is attempting to dodge up to $35 billion in U.S. taxes it currently owes through a merger with Allergan, a drug firm based in the tax haven of Ireland. In effect, Pfizer will renounce its American identity, 166 years after being founded in […]

55 Organizations Urge Treasury Department To Prevent Tax Benefits Of Pfizer, Johnson Controls Inversions

Letter to Sec. Lew: “Treasury can remove the principal tax-avoiding feature of two of these unpatriotic corporate maneuvers and discourage future ones”   WASHINGTON, D.C. – With the U.S. Treasury Department expected to soon finalize rules to limit the tax benefits of corporate inversions, a group of 55 organizations urged Treasury to close a loophole […]

Stop Corporate Inversions Petition Delivery to Congress

This video can be found on Youtube here.   We delivered nearly 272,000 petition signatures to Senate Majority Leader Mitch McConnell demanding that the Senate vote on legislation that would stop Pfizer from dodging $35 billion in taxes. Watch an important message from Senator Elizabeth Warren as well as the full petition delivery to the […]

272,000 Citizens to Congress: Pass the Stop Corporate Inversions Act!

CREDO Action, Democracy for America and Americans for Tax Fairness submit petitions to Congress supporting legislation by Sens. Durbin, Reed and Warren WASHINGTON, D.C. – Nearly 272,000 Americans are urging Congress to take action to prevent corporate inversions, in which U.S. corporations change their legal address to an offshore location, usually a tax haven, in […]

Senator Brown’s Bill Would Make Deserting Corporations Such as Pfizer Pay What They Owe Before They Leave

Legislation would force corporations to pay their deferred taxes before officially becoming foreign   WASHINGTON, D.C. – Deserting corporations would be forced to pay their unpaid taxes on offshore profits if a new bill by Senator Sherrod Brown becomes law.  The legislation would remove much of the tax benefit many U.S. multinational corporations hope to […]

Politico’s Prescription Pulse: Liberals Say White House Should Stop Pfizer Tax Avoidance

Americans for Tax Fairness urged the Obama administration to cut off tax benefits that would flow from a proposed merger of Pfizer and Allergan. The deal would relocate the company’s headquarters to Dublin and allow Pfizer to save $35 billion in taxes, according to a report the group released Thursday. Four House Democrats — including Rosa […]

Bloomberg: Pfizer Seen Avoiding $35 Billion in Tax Via Allergan Merger

Pfizer Inc. will be able to permanently avoid paying $35 billion in U.S. taxes by merging with Allergan Plc, according to a report released Thursday by a group that advocates for tax fairness — though a tax and accounting consultant called the number “a little misleading.”  Four Democratic members of Congress joined Americans for Tax Fairness, which […]

New Report: Pfizer’s Merger With Irish Drug Company Will Let It Dodge An Estimated $35 Billion In U.S. Taxes

Nearly 4 Million Floridians Are in Medicare Program; Pfizer Has Hiked Prices to Medicare on Seven Top Selling Drugs by 39% Over Two Years   WASHINGTON, D.C. –Pfizer—maker of Celebrex, Lipitor, Lyrica, and Viagra—is attempting to permanently dodge an estimated $35 billion of U.S. taxes it currently owes by merging with Allergan, a drug firm […]

Tax Fairness Coalition Says Obama’s Treasury Department Can End Tax Benefits of Pfizer and Johnson Controls Inversions

Coalition Says Obama’s Treasury Department Can End Tax Benefits of Pfizer and Johnson Controls Inversions : Inaction Risks Losing Tens of Billions of Dollars in Tax Revenue   WASHINGTON, D.C.—Today, Americans for Tax Fairness called for the U.S. Treasury Department to use its authority to deny the tax benefits of two proposed mergers between American […]

Families Advance With Recent Tax Bill, But Corporations Got a Lot More

This blog post also appeared on the Huffington Post. Surprisingly, Congress’s $680 billion holiday-season tax deal will bring some cheer to working families and not just to big corporations this year. Refundable tax credits putting extra cash in the hands of hard-pressed workers and parents were included in a huge year-end gift-wrapped package of tax […]

New Yorkers Denounce Pfizer’s Plan to Desert America to Dodge Taxes

Today, at a protest in front of Pfizer’s world headquarters in New York City, 50 New Yorkers denounced Pfizer’s plan to desert America in order to dodge its taxes. They called on U.S. Senator Chuck Schumer and New York’s Congressional delegation to pass legislation blocking Pfizer’s action before the merger is officially approved by shareholders in mid 2016.

Editorial Board Memo: Pfizer Renounces Its American ‘Citizenship’ To Dodge Taxes

(WASHINGTON, D.C.)  New York City-based Pfizer, one of America’s largest pharmaceutical companies, announced yesterday it has finalized a deal to merge with the Irish corporation Allergan, which will enable it to change its tax residence to Ireland, a tax haven, in order to dodge U.S. taxes. The merged company will be named Pfizer, and Pfizer […]

Bad Medicine: Pfizer’s Offshore Tax Trick Just Latest of Many Scandals

Pfizer doesn’t play pfair. The recent announcement that it would renounce its American identity and become an Irish company — thereby dodging billions of dollars in taxes — is just the latest in a string of shady scandals and sleazy behaviors by the pharmaceutical giant. It is obvious Pfizer will go on taking advantage of the […]

Tax Fairness Coalition Applauds the Leadership of Senator Warren on Corporate Tax Reform

Sen. Warren: “That’s what this tax battle is really about: Who does the country work for?” Washington, D.C. – Americans for Tax Fairness applauds Senator Elizabeth Warren’s leadership in working for corporate tax reform that benefits middle-class families and small businesses, not just wealthy multinational corporations. In a speech today at the National Press Club, […]

Walgreens: Offshoring America’s Drugstore

Walgreens, our country’s biggest pharmacy chain, was considering whether to try to dodge paying its fair share of taxes. It was thinking about shifting its corporate address from Illinois to Switzerland, a tax haven country. After we released this report, co-authored by Change to Win Retail Initiatives, and after we began mobilizing people to boycott […]

Tax Fairness Coalition Partners Rally in 13 States To Call for a More Equitable Tax System

WASHINGTON — On “Tax Day,” Americans for Tax Fairness (ATF) and its coalition partners organized 19  public events in 13 states across the U.S. to call for a more equitable federal tax system. The events focused on the need to close corporate tax loopholes that encourage companies to ship jobs and profits offshore. Some organizations […]

Icahn Could Reap $440 Million In Tax Break From Apple Shares

He’s investing $150 million in a Super PAC to get Congress to create a giant tax break for corporations holding $2.1 trillion in untaxed profits offshore  Washington, D.C. – Billionaire investor Carl Icahn and his investment firm could get a nearly $440 million tax break if his new Super PAC succeeds in its goal of […]

52 Organizations Support Sen. Baldwin’s Effort to Close Carried Interest Loophole to Avoid Sequester Cuts

Washington, D.C. – Today, 52 organizations urged U.S. Senators to support efforts to close the carried interest tax loophole, which lets hedge fund and private equity investment managers pay a tax rate that is about half what they should pay, in order to raise revenue needed to avoid damaging service cuts that could be forced […]

Federal Budget Deal Was A Missed Opportunity

Did not close a single tax loophole Washington, D.C. – Americans for Tax Fairness Executive Director Frank Clemente made the following statement about the federal budget agreement negotiated between the White House and Congressional leaders, which was passed today by the House of Representatives: “The federal budget deal was a missed opportunity. It is good […]

24 International Tax Experts Oppose Plans in Congress to Give a Big Tax Break on $2.1 Trillion in Offshore Corporate Profits and to Shift U.S. to a “Territorial” System

Separately, Tax Coalition Releases a Chartbook About Offshore Corporate Taxes, Corporate Profits and the Competitiveness of the U.S. Tax System Washington, D.C. – In an 11-page letter to Members of Congress, 24 international tax experts raise significant concerns about legislative proposals that would seek to close a six-year funding shortfall in the Highway Trust Fund by […]

Tax Fairness Coalition Expresses Deep Disappointment with Schumer-Portman International Tax Reform Framework

Big corporations will be winners; working families and Main Street businesses will be losers WASHINGTON, D.C. – Americans for Tax Fairness executive director Frank Clemente today released the following statement in response to the introduction of a tax reform framework to overhaul the U.S. international tax system drafted by Senators Chuck Schumer (D-NY) and Rob […]

Medical Device Tax Editorial Board Memo

Editorial board memorandum sent to editors and columnists on the subject of the upcoming vote in the U.S. Senate to repeal the medical device excise tax. Read PDF version of the document: Editorial Board Memo: Opposing Upcoming Senate Vote to Repeal Medical Device Excise Tax

31 National Organizations Tell U.S. House to Reject Medical Device Tax Repeal

Groups Refute False Claims that Device Tax Harms U.S. Economy Washington, D.C. – Americans for Tax Fairness and 30 other national organizations sent a letter to Members of the U.S. House of Representatives urging them to oppose H.R. 160, a bill that would repeal the medical device excise tax. This is a modest 2.3 percent tax that is […]

Report Reveals Walmart’s Secretive Use of Tax Havens Allowing Company to Dodge Taxes

WASHINGTON, D.C. – A groundbreaking report released today by Americans for Tax Fairness (ATF) unveils that Walmart has built a vast, undisclosed web of 78 subsidiaries and branches in 15 offshore tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. taxes on those foreign earnings. […]

Media Backgrounder: U.S. House to Vote This Week to Make R&D Corporate Tax Break Permanent Adding $182 Billion to Deficit

Tax Fairness Coalition Decries the Hypocritical Double Standard of Not Paying for This Corporate Tax Giveaway While Demanding Other Spending is Paid for, and Releases Data Showing that Companies Pushing for the Tax Break Already Pay Low Corporate Tax Rates Washington, D.C. – Ahead of a Wednesday vote in the U.S. House of Representatives to […]

Recently Passed Budget Plan Fails to Raise Revenues from Wealthy and Corporations, Slashed Needed Funding and Sets Up Major Spending Debate this Summer and Fall.

WASHINGTON, D.C. – This week the U.S. Senate approved a joint budget plan for the next fiscal year, which begins October 1, by a vote of 51-48 with all Senate Democrats and two Republicans voting against it. The U.S. House of Representatives approved the same plan last week by 226-197, which was opposed by 14 […]

Statement from Americans for Tax Fairness Following House Vote to Repeal Estate Tax, Giving Wealthiest 0.2% a $269 Billion Tax Break

Conservatives’ Arguments Relied Entirely on Falsehoods Washington, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today after the U.S. House of Representatives voted 240-179 to repeal the federal estate tax: “One day after working Americans paid their fair share of taxes, conservatives in the House voted for a […]

72 National Organizations Voice Opposition to This Week’s Estate Tax Repeal Vote

Groups Urge Congress to Put Needs of Average Americans Ahead of the Wealthiest 0.2%  Washington, D.C. – Americans for Tax Fairness and a diverse group of 72 other national organizations sent a letter today to Members of the U.S. House of Representatives urging them to oppose H.R. 1105, a bill that would repeal the federal […]

As House Conservatives Peddle Falsehoods to Justify Repealing the Estate Tax This Week, GOP Leaders Dishonestly Claim to Be Concerned About Income Inequality

Tax Fairness Coalition Uses Conservatives ’ Own Words to Expose Hypocrisy and Misinformation Washington, D.C. – Ahead of the vote to repeal the federal estate tax taking place in the U.S. House of Representatives this week on Tax Day, Americans for Tax Fairness (ATF) has compiled a list of direct quotes from conservative leaders exposing […]

Tax Fairness Coalition Sends Letter to House Ways & Means Committee Urging Opposition to Repeal of Federal Estate Tax

Describes Importance of Revenues Generated by Tax that Affects Only the Richest Americans Washington, D.C.  – Americans for Tax Fairness, representing 425 national and state organizations, sent a letter today to the members of the Ways and Means Committee in the U.S. House of Representatives strongly urging them to oppose the Death Tax Repeal Act […]

Americans for Tax Fairness Releases Comprehensive Set of Polling Data Illustrating Unpopularity of Conservative Tax Policies

Polls Show that Voters Overwhelmingly Support ‘Tax Fairness’ Agenda WASHINGTON – This week, as the House and Senate majorities release their budgets aimed at cutting taxes for corporations and the wealthy at the expense of working Americans,  Americans for Tax Fairness has issued a comprehensive collection of national polling data proving that conservative tax policies run […]

Letter To Congress Opposing America’s Small Business Tax Relief Act (H.R. 636) And Other Permanent Tax Extenders

February 11, 2015 Dear Representative: On behalf of Americans for Tax Fairness, I am writing in opposition to a suite of seven tax extender bills costing $93 billion over 10 years that were recently approved in a party-line vote by the House Ways and Means Committee. Two of these measures will be on the House […]

Tax Fairness Coalition Says Obama’s Plan to Address Corporate Tax Avoidance on Offshore Profits is ‘Not Nearly Enough’

 $238 Billion for Infrastructure Should be Considered a Down Payment; Corporations Need to do Much More to Pay Their Fair Share   WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today about President Obama’s proposal to address offshore tax avoidance by U.S. multinational corporations that will be detailed in […]

Tax Fairness Coalition Slams Repatriation Tax Plan from Senators Boxer and Paul

Proposed Solution to Shore up the Highway Trust Fund is a ‘Retread’ of the Same Failed Tax Giveaway of a Decade Ago WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today about a proposal from Senators Barbara Boxer (D-CA) and Rand Paul (R-KY) that would create a “repatriation tax […]

TAX FAIRNESS COALITION PRAISES OBAMA FOR CLOSING THE TRUST FUND LOOPHOLE, RAISING CAPITAL GAINS TAXES ON THE WEALTHY

WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, made the following statement in response to a proposal released today by the Obama administration that would increase capital gains rates on wealthy individuals, assess a fee on very large financial institutions and provide tax credits to working families. “President Obama’s new tax proposal establishes […]

TAX FAIRNESS COALITION DECRIES DOUBLE-STANDARD ON CORPORATE TAX CUTS IN BILL PASSED BY THE U.S. SENATE

Congress hands out billions in corporate tax breaks while denying funding for programs benefitting American families unless they are paid for WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today following the passage in the U.S. Senate of a one-year extension of a large package of tax breaks, 80 […]

REPORT FINDS THAT BURGER KING “INVERSION” WILL ENABLE COMPANY TO DODGE UP TO $1.2 BILLION IN U.S. TAXES OVER FOUR YEARS

WASHINGTON – Americans for Tax Fairness (ATF) released a new report Thursday showing that Burger King’s planned “inversion” will allow the company and its leading shareholders to avoid an estimated $400 million to $1.2 billion in U.S. taxes between 2015 and 2018. This contradicts the assertion by CEO Daniel Schwartz that Burger King plans to become a […]

CORRECTION: TAX COALITION CRITICIZES BUSINESS ROUNDTABLE FOR NOT PARTING WITH CEO OF MAJOR CORPORATE TAX DODGER AT&T

WASHINGTON – In a press release issued yesterday, Americans for Tax Fairness (ATF) praised the Business Roundtable (BRT) for parting ways with chairman Randall Stephenson, CEO of AT&T. This was based on a misreading of a news report on the Business Roundtable’s appointment of Mark Weinberger, Chairman and CEO of Ernst and Young Global, to chair […]

TAX FAIRNESS COALITION CRITICIZES PASSAGE OF CORPORATE TAX BREAKS

Corporate tax cuts add billions to the deficit while spending on American families gets short shrift WASHINGTON – Frank Clemente, the executive director of Americans for Tax Fairness, issued the following statement today in response to the vote in the U.S. House of Representatives that resulted in the passage of H.R. 5771, a one-year extension of a large […]

Tax Coalition Praises Business Roundtable For Parting With Ceo Of Major Corporate Tax Dodger At&T

Business Roundtable Chairman decried 35% top rate but his corporation paid only 6.5% *UPDATE*  This release has been amended and you can read updated version here. WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today in response to the news that Randall Stephenson, CEO of AT&T, will step down from […]

TAX FAIRNESS COALITION PRAISES PRESIDENT FOR THREATENING VETO OF TAX EXTENDERS DEAL

WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today about President Obama’s threatened veto of the House-Senate deal on tax extenders, which would cost at least $400 billion over 10 years:

Tax Fairness Campaign Releases Guide To 2014 Federal Election TV Ads On Tax Issues

Democrats attack Republicans on tax fairness issues TV ads draw vivid contrasts on taxes and budget tradeoffs WASHINGTON – Americans for Tax Fairness Action Fund (ATFAF) today released new information showing that congressional Democrats and their allies are aggressively using TV ads on tax fairness issues to attack Republican candidates this election cycle. Recent data […]

Tax Fairness Coalition Praises Abbvie’s Decision Not To Pursue A Corporate Inversion

Cites savings to taxpayers, calls for legislators to take bold steps to slow inversions WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today about the decision by AbbVie Inc. not to purchase Shire Plc., based in Ireland. The Shire transaction would have allowed AbbVie to undergo a “corporate inversion,” […]

Tax Fairness Coalition Critiques Misleading Poll By The U.S. Chamber Of Commerce

Other polls demonstrate that Americans oppose corporate inversions WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, today released the following statement about a recent poll by the U.S. Chamber of Commerce that claims to show that Americans oppose action to restrict corporate inversions. The poll is part of a multi-million dollar ad campaign […]

Tax Coalition Praises Obama Administration for Rules that Would Remove Some Incentives for Corporate Inversions

WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, issued the following statement today about the Administration’s action against corporate tax inversions outlined in this press release and fact sheet. “The Obama Administration has taken a very important first step in removing a major incentive for corporations to change their corporate address, typically to […]

Tax Fairness Coalition Calls For The U.S. Chamber of Commerce To End Deceptive Advertising Campaign

Chamber’s ads defend corporate inversions Tax coalition argues the campaign hurts the interests of millions of Chamber members WASHINGTON – Americans for Tax Fairness (ATF) today released an open letter to Thomas J. Donohue,  President and CEO of the U.S. Chamber of Commerce, requesting that he end a deceptive multi-million dollar advertising campaign on corporate inversions and corporate tax rates. The letter sharply criticizes the Chamber’s television and print advertising for promoting the agendas […]

Thirteen Organizations Deliver More Than 330,000 Petitions To White House Calling For Action Against “Corporate Inversions”

WASHINGTON – Thirteen organizations announced today that they have delivered 332,064 petitions to the White House urging the President to take action to restrict “corporate inversions.” The petitions were gathered online by Americans for Tax Fairness, American Family Voices, Campaign for America’s Future, CREDO Action, Daily Kos, Demand Progress/Watchdog.net, Democracy for America, National People’s Action, The […]

56 National Organizations Urge Senate to Take Urgent Action on Corporate Inversion Legislation

WASHINGTON – A diverse coalition of 56 national organizations released a letter Tuesday to Sen. Harry Reid (D-NV) and Sen. Ron Wyden (D-OR), writing it is urgent for Congress to “stop the hemorrhaging of precious tax dollars through this [corporate inversions] tax dodge.” Letter signers ranged from America’s largest unions to leading advocacy, social justice, Netroots and religious justice […]

National Organizations Advocating Tax Fairness to Congress: Require Inverted Corporations to Pay Taxes Owed on Profits Held Offshore

(Washington, D.C.) With the pace of corporate inversions rapidly increasing and costing the U.S. billions in much-needed tax revenue, Citizens for Tax Justice and Americans for Tax Fairness call on Congress to require corporations that renounce their U.S. “citizenship” to pay any U.S. taxes owed on their profits held offshore. Citizens for Tax Justice and […]

Tax Fairness Coalition Decries Burger King Plan to Desert America for Canada to Dodge Paying Its Fair Share of Taxes

WASHINGTON – Frank Clemente, Executive Director of Americans for Tax Fairness (ATF), released the following statement about recent news reports that Burger King, based in Miami, Florida, is in talks with Tim Hortons, Inc. a Canadian company to strike a deal that would result in Burger King buying Tim Hortons but then become a subsidiary of […]

Tax Fairness Coalition Sees Poll Results on Corporate Inversions as a Sign that the Issue Will Be Hot this Election Season

WASHINGTON — Frank Clemente, Executive Director of Americans for Tax Fairness (ATF), released the following statement about a new poll released today on corporate inversions, the practice in which companies dissolve their U.S. corporate status and reincorporate in a low-tax country to avoid paying their fair share in federal taxes. The poll found that about half […]

Tax Fairness Coalition Backs Call by President Obama to Stop Corporate Inversions as Part of ‘Economic Patriotism’ Agenda

  WASHINGTON – Frank Clemente, Executive Director of Americans for Tax Fairness, released the following statement in response to President Obama’s comments on “economic patriotism” and corporate inversions in his speech today in Los Angeles. “President Obama today urged all Americans to support an ‘economic patriotism’ agenda. The first and easiest step Congress can take to […]

Tax Fairness Coalition Decries U.S. House Vote to Give $287 Billion in Tax Breaks to Corporations for Ineffective ‘Bonus Depreciation’ Program

 House Failure to Prevent Companies from Getting this Tax Break if They Shift Corporate Address Offshore to Dodge Taxes is Even More Shocking   WASHINGTON – Americans for Tax Fairness today decried passage in the U.S. House of Representatives of “bonus depreciation” legislation that would handout $287 billion in corporate tax breaks over 10 years. A […]

Walgreens’ Continued Consideration of Tax Inversion Draws Criticism

Barclays estimates Walgreens could save $797M a year by renouncing its U.S. citizenship and changing its address to a tax haven   WASHINGTON—During its third quarter earnings call today, Walgreens reiterated that it could undertake a controversial tax inversion as part of its acquisition of Swiss-based pharmacy giant Alliance Boots. Walgreens is under pressure from […]

New Report Analyzes Walgreens Possible Move Of Its Corporate Address Offshore To Avoid Paying $4 Billion In U.S. Taxes Over Five Year Period

WASHINGTON – A new report released today by Americans for Tax Fairness (ATF) and Change to Win Retail Initiatives estimates that Walgreens could cost taxpayers $4 billion in lost revenue over five years should the company decide to renounce its American corporate legal status and move its official address to Switzerland, a tax haven. The company […]

Authors of Walmart Executive Bonuses Report Thank Walmart for Implicitly Admitting the Substance of the Study

WASHINGTON — The authors of the new report Walmart’s Executive Bonuses Cost Taxpayers Millions today thank the Walmart company for confirming the content of the report – in this case by refusing to offer a denial. The report, a joint effort by Americans for Tax Fairness and the Institute for Policy Studies, asserts that Walmart received […]

Tax Fairness Coalition Praises Levin Brothers Bill on Corporate Inversions

WASHINGTON – Americans for Tax Fairness (ATF), representing 400 national and state organizations, today sent letters to  the brothers Sen. Carl Levin (D-MI), chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, and Rep. Sander Levin (D-MI), ranking member of the House Ways and Means Committee, expressing strong support for their new […]

53,000 Americans Call on Credit Suisse to Release Names of Tax Dodgers; Groups Are Disappointed Department of Justice Settlement Did Not Require Disclosure

  WASHINGTON – Americans for Tax Fairness and The Other 98% expressed disappointment Monday that the Department of Justice’s $2.6 billion settlement with Credit Suisse for aiding 22,000 Americans in evading U.S. taxes over a decade did not require the company to release the names of those Americans to the U.S. government. The accounts of those […]

Tax Fairness Coalition Decries House Passage of R&E Tax Break

Organizations Criticize Double Standard for Corporate Tax Breaks   WASHINGTON – Americans for Tax Fairness (ATF) released the following statement Friday following the passage of the Research & Experimentation Tax Credit (H.R. 4438) in the U.S. House of Representatives: “It is deeply disappointing that a majority of House members have a double standard — one set […]

Tax Fairness Coalition Finds Points of Agreement with House Republican Tax Reform Plan

 Report Draws Attention to 23 Tax Loopholes Worth $800 Billion in Chairman Camp’s Tax Bill   WASHINGTON – Americans for Tax Fairness (ATF) and the National Women’s Law Center (NWLC) on Tuesday released a report drawing attention to 23 tax loopholes slated for closure in the Tax Reform Act of 2014, introduced by Rep. Dave Camp […]

30 National Organizations Call on Ways and Means Committee Members to Reject Tax Extenders Legislation, Including Offshoring Bills

“Congress should not be giving tax breaks to companies that ship profits and jobs offshore”    WASHINGTON – Americans for Tax Fairness (ATF) today released a letter signed by 30 organizations including the AFL-CIO, AFSCME, Coalition on Human Needs, Every Child Matters, Friends of the Earth, Main Street Alliance, National Education Assoc., NETWORK, National Women’s Law […]

Tax Fairness Coalition Partners Rally in 13 States To Call for a More Equitable Tax System

 WASHINGTON — On “Tax Day,” Americans for Tax Fairness (ATF) and its coalition partners organized 19  public events in 13 states across the U.S. to call for a more equitable federal tax system. The events focused on the need to close corporate tax loopholes that encourage companies to ship jobs and profits offshore. Some organizations […]

On Tax Day, Taxpayers Pick up $8 Billion Tab for Walmart and the Walton Family

Report Provides State-by-State Estimates of Revenue Losses WASHINGTON — Walmart and the Waltons—America’s largest employer and richest family—received tax breaks and subsidies worth an estimated $7.8 billion in 2013, according to a report released today by Americans for Tax Fairness. Released for Tax Day, when millions of American taxpayers and small businesses pay their fair […]

Americans for Tax Fairness Statement on Senate Finance Committee Chairman’s Tax Extenders Legislation

  WASHINGTON – Americans for Tax Fairness (ATF) today reacted to the “tax extenders” legislation proposed by Senate Finance Committee chairman Ron Wyden (D-OR), which will be considered during a committee markup Thursday. The Chairman’s mark proposes to renew 45 expired tax extenders at a reported two-year cost of $67 billion. The package is expected […]

37 Organizations Call on Senators to Oppose Legislation Providing Tax Amnesty for Offshore Corporate Profits

WASHINGTON – Americans for Tax Fairness (ATF) and the Financial Accountability & Corporate Transparency (FACT) Coalition today released a letter signed by 37 organizations calling on members of the U.S. Senate to oppose a bill by Sen. Michael Bennet (D-CO) that would provide a tax holiday for a portion of U.S. corporate profits held offshore.

McConnell Supports Deficit Spending on Big Corporate Tax Breaks While Opposing Emergency Spending for Unemployment Benefits Unless Paid For

WASHINGTON, DC -- There was an astonished reaction today in Kentucky and in Washington, D.C., to recent TV footage of Sen. Mitch McConnell (R-KY) telling reporters that Republicans support increasing the deficit to renew a package of more than 60 tax breaks, most of which benefit corporations. This comes just weeks after he proclaimed his opposition to passing an extension of emergency unemployment benefits unless they could be offset by cuts in other spending. [...]

Tax Fairness Coalition Calls Industry Advice to Candidates on Lowering Corporate Tax Rates “Dead Wrong”

WASHINGTON – The Americans for Tax Fairness Action Fund (ATFAF) today released a memo about the issue of tax fairness in the context of the 2014 Congressional elections. It is in part a response to an earlier memo by the RATE Coalition, an industry organization whose members include Walmart, FedEx, Verizon, Lockheed Martin, General Dynamics, […]

Congress Plays Scrooge to 1.3 Million Unemployed Americans but Plays Santa Claus to Corporations and the Wealthy by Not Closing Tax Loopholes in Budget Deal

WASHINGTON – Frank Clemente, Executive Director of Americans for Tax Fairness (ATF), criticized Congress for failing to extend unemployment insurance for 1.3 million long-term unemployed Americans – including 20,000 veterans – who will lose coverage three days after Christmas, while it left in place huge tax loopholes that benefit the richest 2 percent and big corporations. A total of 4.9 million long-term unemployed Americans will lose benefits in 2014 if Congress fails to act on this crisis in January.

Tax Fairness Coalition Calls Budget Deal a Good Step but Also a Missed Opportunity to Close Tax Loopholes

FOR IMMEDIATE RELEASE: Dec. 11, 2013 Frank Clemente, Campaign Manager of Americans for Tax Fairness (ATF), today released the following statement in response to the budget deal announced Tuesday in Congress. “The budget deal is an important improvement over even deeper spending cuts that were scheduled to hit next year. It reduces the harm those cuts would have caused American families and our economy. But Congress missed a tremendous opportunity to both replace future cuts to essential services and to reduce the deficit by closing tax loopholes used by corporations and wealthy individuals to avoid paying their fair share of taxes.

Tax Fairness Coalition Poll Shows Public Opposes Key Element of Baucus’s International Tax Proposal

FOR IMMEDIATE RELEASE: November 19, 2013 Frank Clemente, campaign manager of Americans for Tax Fairness, reacted strongly today to draft text of legislation by Senator Max Baucus (D-MT) that would make sweeping changes to the U.S. tax code for multinational corporations.

Groups in 16 States Press Members of Congress to Close Corporate Tax Loopholes in Upcoming Budget Debate

FOR IMMEDIATE RELEASE: AUGUST 20, 2013 Tax Coalition Issues Report Showing High Costs of Corporate Tax Loopholes

Obama’s Corporate Tax Plan Called a Disappointment by Americans for Tax Fairness

FOR IMMEDIATE RELEASE: July 30, 2013 TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org  Obama’s Corporate Tax Plan Called a Disappointment by Americans for Tax Fairness  WASHINGTON, D.C. – The following statement about President Obama’s corporate tax reform proposal was released on Tuesday by Frank Clemente, campaign manager of Americans for Tax Fairness (ATF), a coalition of more than 325 national […]

Republican Leaders and Senate Finance Committee Members Send Letter During “Blank Slate” Process Demanding that Corporations Not Contribute a Dime to Deficit Reduction

FOR IMMEDIATE RELEASE: July 26, 2013 TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org Republican Leaders and Senate Finance Committee Members Send Letter During “Blank Slate” Process Demanding that Corporations Not Contribute a Dime to Deficit Reduction WASHINGTON, D.C. – U.S. Senate Republican leaders Sen. Mitch McConnell (R-KY) and Sen. John Cornyn (R-TX) and 10 Republican members […]

Raise Revenue With Reform, Tax Coalition Tells Senators Responding to “Blank Slate” Proposal

FOR IMMEDIATE RELEASE: July 17, 2013 TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org  Raise Revenue With Reform, Tax Coalition Tells Senators Responding to “Blank Slate” Proposal  Americans for Tax Fairness Urges Closing of Tax Loopholes Used by Corporations and the Wealthy WASHINGTON, D.C. – Seizing on the Senate Finance Committee leaders’ invitation to their colleagues to tax reform ideas, Americans for Tax Fairness (ATF), a coalition […]

Corporate Tax Amnesty Bill to Fund an Infrastructure Bank Slammed in Letter to U.S. House of Representatives

FOR IMMEDIATE RELEASE: July 16, 2013 Contact: TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org Dan Smith, U.S. PIRG: 202-461-3822 (O); 203-520-1427 (M); dsmith@pirg.org Corporate Tax Amnesty Bill to Fund an Infrastructure Bank Slammed in Letter to U.S. House of Representatives  “Repatriation Tax Holiday” Would Reward Tax Dodgers, Groups Say  WASHINGTON, D.C. – Proposed House legislation that would grant a tax amnesty to multinational […]

GROUP LEADERS TO JOIN IN CALL FOR APPLE INC. TO PAY ITS FAIR SHARE OF TAXES

FOR IMMEDIATE RELEASE:  Contact: John Eller, ACCE Action: 415-725-9869 (Cell); @CalOrganize (Twitter); jeller@calorganize.org TJ Helmstetter Communications Director Email: thelmstetter@americansfortaxfairness.org  MEDIA PRESSER TOMORROW, THURSDAY, JUNE 13, 12:30 PM PT   GROUP LEADERS TO JOIN IN CALL FOR APPLE INC. TO PAY ITS FAIR SHARE OF TAXES   Media event to be held in conjunction with Apple’s 2013 Worldwide Developers Conference at the Moscone […]

Frank Clemente Discusses Apple’s Tax Dodging on MSNBC

Americans for Tax Fairness Executive Director, Frank Clemente, interviewed about Apple’s tax dodging on Up with Steve Kornacki. A link to this content is here.