Hi,
Amazon had record profits in 2020 -- but paid just a fraction of it in
federal income taxes.^1 And ExxonMobil is busy lobbying against higher
corporate taxes.^2
These and other massive corporations want to report their gigantic profits
to investors, so they can show off for Wall Street. But then they turn
around and exploit all kinds of accounting gimmicks to report profit
numbers to the IRS that are as low as possible, to make their tax bill as
small as possible.
That's why Senator Elizabeth Warren just introduced the Real Corporate Tax
Act of 2021. If passed, this would stop the kind of double-dealing that
lets these corporations avoid paying any federal income taxes and make
them do their part!^3
[ [link removed] ]Sign the petition: Tell Congress to support the Real Corporate Tax Act
of 2021!
ADD YOUR NAME
Even before the devastating COVID-19 pandemic hit, millions of Americans
were already struggling to make ends meet. Now, with millions of workers
without a good-paying job, families struggling to find affordable housing
and child care, people afraid to go to the doctor in fear of what it may
cost -- it is time to make corporations finally do their part to support
hard-working people.
For too long, some of the biggest, most profitable corporations in America
have figured out a scheme to skip out on the bill.
But Senator Warren’s new proposal -- which she partnered on with
independent Angus King -- would fix this. We know that corporations like
ExxonMobil, Amazon, and Big Pharma have a tight grasp on many of the
Senators we'd need on board to pass the Real Corporate Tax Act.
And that's why, with the conversation moving forward in the Senate, we
need to show the grassroots movement behind this push to make corporations
pay their fair share.
[ [link removed] ]Will you join us? Sign the petition: Support the Real Corporate Tax Act
of 2021!
Thanks for being in this fight,
Maria and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Institute on Taxation and Economic Policy, "Amazon Has Record-Breaking
Profits in 2020, Avoids $2.3 Billion in Federal Income Taxes," [ [link removed] ]February
3, 2021.
2. Business Insider, "Here's Biden's tax plan that corporations like
Apple, Disney, and ExxonMobil are scrambling to squash right now,"
[ [link removed] ]September 7, 2021.
3. Sen. Elizabeth Warren, "Senators Warren and King, Representative Beyer
Announce Legislation To Prevent The Biggest And Most Profitable
Corporations From Paying Nothing In Federal Taxes," [ [link removed] ]August 9, 2021.
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