John,

Seven of the biggest names in corporate healthcare just got exposed. Our new report titled Sick Profits, in partnership with Community Catalyst, reveals how they dodged over $34 billion in federal taxes while denying treatment, cutting staff, and pushing more costs onto patients.[1]

CVS. UnitedHealth. Cigna. Centene. Elevance. HCA. Humana. They all used the Trump tax law to lower what they owed, not by a little but by billions. Profits soared. CEO pay exploded. And ordinary people lost coverage, care, and peace of mind.

They worked every angle: Offshore schemes. The stock options loophole. Creative accounting that shows inflated earnings to Wall Street and lower earnings to the IRS. It worked. They paid less. We all paid more.

Congress just made it worse. Republicans permanently extended the Trump tax law and added nearly $600 billion in new business tax breaks. No strings. No accountability. Just more giveaways to the same corporations already gaming the system.

If we let this stand, they will keep grabbing more for themselves. That is why we need you in this fight. Donate now to help shut the loopholes, expose the tax cheats, and protect healthcare from corporate profiteers.

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Here’s what $34 billion could have paid for: expanded Medicaid in every state. Thousands of community health centers. Free cancer screenings. Emergency mental health services. Instead, it funded CEO bonuses and stock buybacks that further enrich already wealthy shareholders.

Executives got rich while families lost their doctors. Shareholders celebrated while rural hospitals closed. And now they want even more. They are using our tax code to extract public money and put it in private hands.

The firms named in this report didn't just find a crack in the system. They drilled a tunnel through it. The numbers don’t lie. The system is rigged.

This is what happens when politicians write the tax code for the donors who fund their campaigns. It is no coincidence that the same corporations that benefited most are the ones that spend the most on lobbying. They invest in Congress and get rewarded with loopholes.

We can’t match that kind of cash. But we can build a movement. With your support, we can expose the abuses, force action in Washington, and demand a tax system that works for the public, not just the powerful.

Help fund the campaign to stop this healthcare tax scam and hold the worst abusers accountable.

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Together, we can hold them accountable and protect care for everyone.

Pablo Willis
Communications Director
Americans for Tax Fairness Action Fund

[1] Sick Profits: How healthcare companies have gotten richer from the Trump tax cuts while submitting their customers and patients to higher costs and substandard care

-- David's email --

John,

Our damning new report titled Sick Profits, in partnership with Community Catalyst, confirms how Trump’s 2017 tax law helped seven of the biggest healthcare corporations dodge over $34 billion in taxes while they denied care, cut staff, and raised prices on patients.[1]

These companies, including UnitedHealth, CVS/Aetna, Cigna, Centene, and Humana, used loopholes to inflate profits and reward investors. They paid the same amount in federal income taxes after the law passed as they did before, even as profits soared by 75 percent. Executives gave themselves pay raises. Dividends doubled. Meanwhile, care worsened.

This wasn’t an accident. It was baked into the design. The law cut the corporate tax rate from 35 to 21 percent and created new ways for corporations to slash what they owed. That same law is now permanently extended, along with another $600 billion in corporate tax breaks just passed by Republicans in Congress.

The results are devastating. Nearly 15 million Americans are expected to lose health coverage. Ten million from Medicaid. Five million from the ACA marketplace. While coverage disappears, CEOs cash in.

We are exposing what they did, how they did it, and who is benefiting. But to win this fight, we need you. Donate now to help power the campaign to hold these corporations accountable and rewrite the tax rules.

DONATE

These firms say they provide care. But what they really provide is profit for shareholders. Stock buybacks exploded. Staffing levels dropped. Patients were denied treatment. All while tax bills shrank.

That $34 billion in lost tax revenue could have funded hospitals, community clinics, mental health programs, and maternal care. Instead, it went to the top. The top-tier executives at these firms saw an average collective pay jump of nearly $100 million. Public health took the hit.

Every one of these corporations used the stock options loophole to enrich executives while minimizing taxes. They gave Wall Street the numbers they wanted and handed the IRS books that told a different story. The scam is legal, and that is the problem. Congress could close it tomorrow.

It is not just stock options. Several of these firms used offshore tax havens and shell subsidiaries to shift profits out of the country. That means profits made off sick Americans were hidden overseas to dodge taxes owed here at home. And while they gamed the system, rural hospitals closed and emergency rooms overflowed.

We need to break this cycle. Your support funds the fight to close loopholes, stop the tax giveaways, and demand that corporations pay what they owe to the people they claim to serve.

Donate today to help end the corporate tax scam that’s bleeding our healthcare system dry.