John,

We’re in an all hands on deck moment.

Right now, a group of 11 corporate Democrats are arguing that multinational corporations shouldn’t pay much, if any, more in taxes, even as they enjoy a tax rate on their offshore profits that’s just half of what U.S.-based corporations pay.

Every dollar of revenue not raised from the rich and corporations is a dollar not invested in children, families and working people. By allowing multinational corporations to continue these obscene tax breaks, we’d cut $1 trillion in investments from President Biden’s Build Back Better plan. That’s how much Biden’s plan will raise from the likes of high tech giants Apple and Microsoft, drug corporations Pfizer and Johnson & Johnson, and many more corporations that generate billions in profits offshore, much of which is stashed in tax havens to dodge U.S. taxes.

Check out Frank’s email below about how we’re fighting against a massive Corporate America lobbying campaign. Then, write to your senators and representative today to demand they listen to the American people and make the rich and corporations pay their fair share.

This Labor Day weekend, let’s demand Congress invest in working people, not tax breaks for millionaires, billionaires and corporations.

Thank you,

Sarah Christopherson
Legislative and Policy Director
Americans for Tax Fairness Action Fund

-- Frank's email --

John,

The fight to pass President Biden’s $3.5 trillion Build Back Better plan has reached a critical moment.

This week, Corporate America announced that it’s launching a major lobbying effort, including TV ads targeting Democratic members of Congress, to slash the investments we’re able to make in children, families and working people.[1]

We’re rallying our allies across the country, demanding Congress raise the full $3.5 trillion to invest in affordable healthcare, childcare, jobs, the environment and more―by ensuring the rich and corporations start paying their fair share. Click here to send a message to your senators and representative today!

While corporate Democrats are hemming and hawing about the $3.5 trillion price tag, we know we can afford this investment.

Last year, 55 Fortune 500 corporations paid $0 in federal income tax on $40.5 billion in profits, including name brands Nike and Hewlett-Packard.[3] And, according to the latest billionaires report from Americans for Tax Fairness, total wealth of just 708 billionaires increased by an astonishing $1.8 trillion, or by 62%, during the first 17 months of the pandemic.[4]

That would pay for more than half of Biden’s entire ten-year $3.5 trillion Build Back Better package! Some of those billionaires, such as Jeff Bezos and Elon Musk, don’t even pay federal income taxes some years.[5]

Join Americans for Tax Fairness Action Fund and our allies in demanding Congress raise the full $3.5 trillion from the rich and corporations to invest in our future.

Together, this is a fight we can win.

Thank you,

Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund

[1] "Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan," The Washington Post, August 31, 2021
[2] "55 Corporations Paid $0 in Federal Taxes on 2020 Profits," Institute on Taxation and Economic Policy, April 2, 2021
[3] "American Billionaires Got 62% Richer During Pandemic -- Almost All That Wealth Growth Will Go Income-Tax Free, Showing Need For Biden's Tax Reforms & Investment Plans," Americans for Tax Fairness, August 24, 2021
[4] "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax," ProPublica, June 8, 2021