John,

With the budget deal signed and the debt ceiling crisis averted, extremists in the House of Representatives are now moving forward with their plans to add corporate tax breaks and make all of the Trump tax cuts of 2017 permanent.

Even before the debt ceiling deal was announced, House Ways and Means Committee Chair, Jason Smith (R-MO), announced that he wanted a tax package introduced before his birthday on June 16th.

Preliminary estimates from the Congressional Budget Offices indicate that cuts to the IRS that were included in the newly signed budget deal will add an additional $19 billion to the deficit since the IRS will have fewer resources to crack down on wealthy and corporate tax cheats. But that isn’t stopping some Congresspeople from wanting to add even more corporate tax breaks.

Take action right now and demand Congress reject a tax package that further pads the pockets of the wealthy and corporations. Click here to send a message to your representative today.

Some in Congress are seeking another $600 billion in tax breaks for corporations, including:

• Changing the Research & Experimentation tax deduction to allow corporations to write off research expenses all at once instead of more realistically over time. Cost = $155 billion over 10 years

• Extending 100% Bonus Depreciation, which would allow corporations to write off immediately the full cost of assets that hold their value a long time. Cost = $250 billion over 10 years

• Expanding the Net Interest Deduction tax break to allow corporations to deduct a bigger share of their interest costs from borrowing money by changing how the deduction is calculated. Cost = $200 billion over 10 years

If extremists in Congress say we can’t afford food assistance, health care, a Child Tax Credit that reaches the poorest families, and other critical needs programs, then we definitely can’t afford to give corporations $600 billion in tax cuts.

Join us in demanding Congress reject any plan to give more tax breaks to wealthy corporations.

Thank you for all you do,

Meredith Dodson
Senior Director of Public Policy

-- DEBORAH'S EMAIL --

John,

After advancing their goal of cutting funding to essential nutrition, housing, and anti-poverty programs, right-wing members of the House have a new target: making all of the Trump tax cuts for the wealthy and corporations permanent.

If Congress makes all expiring Trump tax cuts permanent, this would add $3.5 trillion to the national debt over the next decade.¹ This is the same national debt that Kevin McCarthy and his caucus cried crocodile tears over when demanding cuts and caps to critical programs.

We cannot allow extremists in Congress to continue to put the wants of the few above the needs of the many. People with the lowest-incomes and working class communities need a break. They deserve to have a government that works for them, not the wealthy and corporations.

Send a direct message to Congress and demand they REJECT any plans to make the Trump tax cuts permanent or to add corporate tax breaks to the forthcoming tax package.

With your support, we were able to limit some of the damage done in Speaker McCarthy’s debt ceiling bill, but it still inflicts serious harm on millions of people who rely on SNAP, TANF, and other social programs. Adding hundreds of billions in corporate tax breaks and making the Trump tax cuts permanent would compound that harm and result in more cuts to critical programs as an excuse to balance the federal budget.

We cannot allow Congress to continue to bow down to the wealthy and corporations at the expense of the most vulnerable in our society. As Martin Luther King, Jr. once said: “God never intended for one group of people to live in superfluous inordinate wealth, while others live in abject deadening poverty.”

Join us in contacting Congress, urging them to put people with the lowest-incomes first, not corporations and the ultra wealthy. Send a direct message today.

Thank you for all you do to support vulnerable communities,

Deborah Weinstein
Executive Director, Coalition on Human Needs

¹ After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed