John,
For the first time in years, the biggest corporations in America are paying real money in taxes. The Corporate Alternative Minimum Tax (CAMT) forced companies with over $1 billion in annual profits to finally contribute something meaningful on the earnings they show investors. Meta’s recent $16 billion tax charge is the clearest example of how powerful this law is.[1] It proved that when loopholes are closed and accounting tricks stop working, billion-dollar corporations pay their fair share.
That is exactly why the Trump administration is trying to illegally dismantle the law. Instead of enforcing the Corporate Alternative Minimum Tax Congress passed, officials are quietly rolling it back through regulatory changes that were never approved by Congress.[2] They are narrowing definitions, carving out exemptions for entire industries, and rewriting rules to shield the very corporations the CAMT was designed to hold accountable. These changes are being pushed through at the request of powerful corporate lobbyists, and the billionaires who bankrolled Trump’s campaign, who want the pre-CAMT system restored.
Corporations across the Fortune 500 spent years reporting massive profits while paying little to nothing in federal income tax. The CAMT finally created a baseline that held the largest firms accountable, regardless of their armies of lawyers and accountants. Once the first payments came in, corporate lobbying went into overdrive to undo it. Trump officials are acting on that pressure and undoing major pieces of the law behind closed doors. That’s why we’re rallying national allies, sending tens of thousands of messages to members of Congress, demanding they defend the tax law.
We need your help to stop the Trump administration’s illegal rollback. Will you donate $5 today to help defend the Corporate Alternative Minimum Tax?
The Corporate Alternative Minimum Tax has worked exactly as intended. It closed loopholes, raised real revenue, and held giant corporations accountable in a way the old system never could. It was the first meaningful step toward restoring fairness in a tax code that has been tilted toward the wealthiest companies for decades. That progress should not be erased through backroom rule changes.
If these rollbacks succeed, corporations will return to the same system that allowed them to pay far less than what they owe. Billion-dollar corporations are already praising the administration for weakening the law after being forced to make their first substantial tax payments in years. They want a permanent return to a world where billion-dollar companies can dodge taxes through loopholes and aggressive accounting. We cannot allow that to happen.
We are organizing public pressure, demanding congressional oversight, and mobilizing voters who want a fair tax system that does not let the richest corporations choose whether and how much to pay. Corporate lobbyists are counting on this backroom deal to happen quietly. We will not let that happen.
Please make a donation today to help us stop Trump’s rollback of the Corporate Alternative Minimum Tax.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Together, we will block this rollback and protect our progress.
John Foti
Legislative Director
Americans for Tax Fairness Action Fund
[1] Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta
[2] How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
-- David's email --
John,
The Corporate Alternative Minimum Tax (CAMT) finally forced giant corporations to pay something real on the profits they report to investors. Meta’s $16 billion tax charge showed exactly how powerful the law is.[1] For years, companies like Meta used loopholes and accounting tricks to drive their tax bills down. The CAMT cut through all of that in one stroke.
The moment the law worked, the Trump administration rushed to weaken it. Instead of enforcing what Congress passed, Trump officials are undoing key parts of the tax law through backdoor regulatory changes.[2] These moves were never approved by lawmakers, and they directly benefit the corporations that pushed hardest to avoid paying a minimum tax rate. Meta has already praised the administration for rolling back the very rules that finally held them accountable.
Meta’s complaints ring hollow. They made roughly $16 billion in a single year from fraudulent and deceptive ads alone.[3] That revenue flowed in while scams targeted seniors, veterans, small businesses, and vulnerable communities. A $16 billion tax payment on tens of billions in profits is overdue.
Trump’s rollback hands Meta and other corporate giants a path back to the old system where billion-dollar corporations paid far less than their fair share. Congress never authorized the administration’s changes. The public never asked for them. Corporate lobbyists pushed for them, and Trump delivered. We cannot allow this law to be gutted just as it begins to work.
We need the resources to fight back against this corporate tax grab. Already, we’ve sent tens of thousands of messages to Congress to act. Will you donate $5 or more to help us defend the Corporate Alternative Minimum Tax and stop Trump’s illegal rollback?
Meta paid billions because the law applied equally to every company reporting more than $1 billion in profits. They did not get to hide behind loopholes. They did not get to dump revenue into the Cayman Islands. They did not get to claim phantom losses. They were required to pay 15% on the profits they show Wall Street.
That simple rule was enough to shake one of the richest corporations on Earth. If that scares Meta, good. It means the tax is working exactly as designed.
Rolling back the CAMT would reward the largest tax dodgers in the country and blow a hole in federal revenue. The Trump administration knows this. Meta knows this. Wall Street knows this. They want another decade of tax avoidance and they want it now.
We’re fighting back, rallying grassroots allies to demand Congress act. But we’re up against the lobbying machines of massive corporations like Meta and its fellow billionaire firms.
Donate now to power our campaign to defend the CAMT before Trump hands corporations another tax-dodging victory.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Let’s defend the Corporate Alternative Minimum Tax and stop these illegal rollbacks before they become permanent.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta
[2] How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
[3] Meta is earning a fortune on a deluge of fraudulent ads, documents show
