John,

Black Friday is here, a day when millions of Americans search for deals to stretch their holiday budgets. But for Fortune 100 corporations, it’s not just a bargain, it’s a bonanza. Trump’s new corporate tax plan would slash the corporate tax rate to 15%, handing the largest corporations an outrageous $48 billion annual tax break.[1]

Amazon, for example, raked in $30.4 billion in profits last year and could walk away with a $2.5 billion tax break under Trump’s plan. Walmart, Target, and Costco would save a combined $1.7 billion while funneling billions into stock buybacks to enrich their wealthy shareholders.

These tax cuts don’t just hurt your wallet, they drain essential public resources. The Center for American Progress Action Fund estimates that Trump’s giveaways to the 10 largest corporations would cost more than twice what the federal government spends annually on cancer and Alzheimer’s research combined.

That means fewer investments in education, healthcare, and infrastructure, all to make corporate shareholders even richer.

America can’t afford to prioritize corporate greed over the needs of working families. This Black Friday, tell Congress to stop Trump’s $48 billion corporate tax giveaway.

The consequences are clear: corporations win and working people lose.

Amazon, Walmart, and Apple will walk away with billions in tax savings while families face higher prices on essentials, thanks to the tariffs included in Trump’s plan. This isn’t just bad policy, it’s a betrayal of working families.

We’ve seen this playbook before. After Trump’s 2017 tax scam, corporations funneled their windfall tax breaks into $1 trillion in stock buybacks while workers saw little benefit. Walmart alone spent $19 billion on share repurchases.

Now Trump is doubling down, ensuring the wealthiest corporations get even richer at your expense.

This Black Friday, let’s fight for fairness by rejecting Trump’s outrageous corporate giveaways. Tell Congress raise, don't lower, the corporate tax rate.

Together, we can demand a tax system that holds corporations accountable and protects families.

David Kass
Executive Director
Americans for Tax Fairness Action Fund