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Tell Congress:
Private prisons, particularly those profiting off of inhumane treatment of children and families, should not be rewarded by paying zero dollars in federal corporate income taxes. We demand that you act immediately to put an end to private prison tax breaks.
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Friend,
Right now, private prison corporations―including those running despicable detention centers on our southern border―are abusing more than the children and families being detained by the Trump administration. They’re also abusing a loophole in our tax law that allows them to avoid paying any federal corporate income tax. [1]
And, thanks to the Trump-GOP tax scam they might even quality for a 20% tax deduction.
Corporations that make billions off of putting children in cages shouldn't get tax breaks!
Now, Senator Ron Wyden (D-OR) has introduced the Ending Tax Breaks for Private Prisons Act. This bill would change the tax code to ensure that “prison facilities” are not exempt from paying their fair share of taxes.
Join Americans for Tax Fairness Action Fund and our partners and demand Congress put an end to private prison tax breaks. Sign the petition today >>>
While the Trump administration continues to lock up thousands and thousands of migrants and children in camps, private prison companies continue to profit off of nearly unpaid labor and inhumane detainments.
The prisons profiting from this mistreatment are taking advantage of a loophole known as Real Estate Investment Trusts or REITs. Two types of businesses are specifically excluded from qualifying as REITs: lodging facilities and health care facilities. We must change that to add “private prisons” to the list of businesses that don’t qualify for these obscene tax breaks.
Sign the petition to Congress to add private prisons to the list of businesses that DO NOT quality for REIT tax exempt status. Private prisons profiting from the abuse of children and families do not deserve a tax break!
Each day, we learn more about the abuses of the Trump administration and the corporations that are making billions of dollars in profits off of putting children in cages. We must fight back.
Thank you,
Mark Rickling
Policy and Legislative Director
Americans for Tax Fairness Action Fund
[1] "It's a Great Time to Be a Prison Landlord, Thanks to the IRS," Bloomberg, August 9, 2018
