Jack, Trump's 2017 tax cuts significantly lowered taxes for the rich and corporations, allowing profitable companies to pay their CEOs more than they contribute in taxes.
Sign the petition to Congress: End rampant corporate tax dodging and rein in executive pay!
SIGN THE PETITION
A recent report by Americans for Tax Fairness and the Institute for Policy Studies has revealed that in the past five years, large corporations-- including Tesla, T-Mobile, and Netflix--paid their top five executives more than they paid in federal income taxes.
We have the power to rectify our broken tax code and ensure that companies and their top executives pay their fair share by taking the folloiwng steps:
-
Raising the Corporate Tax Rate: Increasing the corporate tax rate from 21% to 28% could generate an extra $1.3 trillion in new revenue over the next decade, slashing essential living costs for everyday people, from healthcare to housing and food.
-
Increasing the stock buyback tax: By raising the tax on corporate stock buybacks from 1% to 4%, we can deter corporations from favoring shareholders over workers, potentially adding $20 billion to this year's tax revenue.
-
Passing the No Tax Breaks for Outsourcing Act: This bill aims to eliminate tax incentives for offshoring jobs and profits, equalizing tax rates on domestic and foreign earnings of corporations.
These corporations received almost $2 billion in tax refunds while rewarding their executives with lavish compensation packages, all at the expense of the American taxpayer and the public services that desperately need funding.
Sign the petition to Congress: End rampant corporate tax dodging and reign in executive pay!
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
We're not asking for much |
Over the past 12 months, the average donation to Daily Kos has been just $9.44. These donations may seem small, but they're a big deal to us. In fact, they are our largest source of income. We literally couldn't do the work we do without them. Can you join thousands of other Daily Kos readers and help us with a donation of $9.44 right now?
|
|
If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible.
|
|
Shop the Daily Kos store |
All items made in USA and union decorated!
|
If you wish to unsubscribe from Daily Kos advocacy emails, please click here. You will still continue receiving other types of Daily Kos emails.
If you wish to unsubscribe from ALL Daily Kos emails, please click the link at the bottom of the email.
|
|
|
|
Sent via ActionNetwork.org.
To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please click here.
|
|
|
|