Tag: corporate tax cuts

The proposed reduction in the corporate tax rate from 21% to 15% would result in massive tax savings for the largest U.S. companies, benefiting wealthy shareholders while neglecting workers and public investments.

The Tax Relief for American Families and Workers Act has been promoted for its child tax credit component. However, it also contains provisions that substantially benefit the wealthy and corporations.

“While these companies report billions in profits, they often pay no income tax to the IRS and leave hardworking families holding the bag.”

“The corporations have had an unbelievable run of unjust and affordable tax cuts.”

“We should continue to call on policymakers to address the gaping corporate tax loopholes that make this kind of tax avoidance possible.”

Corporate tax cuts won’t save us. The coronavirus doesn’t distinguish between rich and poor.

"At the very least these workers need immediate paid sick leave, but for them to be able to pay their bills and support their families, they need economic relief more than any other group of Americans."

Republicans passed tax cuts — then profited

More than half of the coalition of companies that fought for slashing the corporate tax rate have made layoffs since the GOP tax bill's enactment.

Using the promise of middle-class tax cuts as a Trojan horse for a tax windfall for the rich and deep spending cuts is a tactic dating back to the Reagan administration.