Hi,

President Biden recently tweeted: "You want to bring down inflation? Let's
make sure the wealthiest corporations pay their fair share."^1

Big Tech will do anything it can to hide the fact that corporate power is
driving inflation. Just look at Jeff Bezos's response to President Biden: 

"Raising corp taxes is fine to discuss. Taming inflation is critical to
discuss. Mushing them together is just misdirection."^2

It's Bezos who's trying to misdirect us. We need to make sure his isn't
the voice that Congress hears the loudest. It's time to let Congress know
the American people are tired of billionaires and big corporations getting
away without paying their share of taxes.

[ [link removed] ]Sign the petition: Tell Congress to raise taxes on big corporations!

ADD YOUR NAME

Big Tech knows it's lost the battle on corporate taxes: Americans are sick
of corporations getting away with not paying their fair share.^3

Last year, Amazon should've paid a corporate tax rate of 21% on its $35
billion in profits. But the company exploited loopholes in the US tax code
and paid only a fraction of what it owed: around 6%.^4

Now Bezos and the Big Tech barons are scrambling to cover up the fact that
the inflation we're seeing isn't just because of global forces like
COVID-19 supply chain issues and war in Ukraine. 

It's also because corporations are taking advantage of background
inflation to jack up prices even further. It's time for Congress to
protect American consumers from inflation and abuse by taking on Big
Tech! 

Corporate profits are at a 70-year high across the board.^4 And Amazon is
no exception: Amazon stock soared after the company's most recent earnings
call, and the company just raised its Prime membership costs.^5 Like Big
Oil, Big Meat, and other monopoly industries, Big Tech is thriving in this
inflationary period — all because it's capitalizing on inflation and
exploiting consumers. 

Bezos is terrified that the president and Congress will catch wind of the
real source of inflation, but we're already onto him. Excessive corporate
power is driving the economy into an inflationary spiral. Taxing them is
good for competition, good for tackling inflation, and good for taking on
their enormous power.

[ [link removed] ]Sign the petition: Congress must tax the big corporations!  

Thanks for taking action,

Izzi and the team at Demand Progress

[ [link removed] ]DONATE

Sources:
1. Joe Biden, Tweet, [ [link removed] ]May 13, 2022. 
2. Jeff Bezos, Tweet, [ [link removed] ]May 13, 2022. 
3. Pew Research, "Top tax frustrations for Americans: The feeling that
some corporations, wealthy people don't pay fair share," [ [link removed] ]April 30,
2021.
4. Institute on Taxation and Economic Policy, "Amazon Avoids More Than $5
Billion in Corporate Income Taxes, Reports 6 Percent Tax Rate on $35
Billion of US Income," [ [link removed] ]February 7, 2022. 
5. NPR, "Economist explains record corporate profits despite rising
inflation," [ [link removed] ]February 18, 2022.
----------

PAID FOR BY DEMAND PROGRESS (<a href="[link removed]">DemandProgress.org</a>) and not authorized by any candidate or candidate's committee. Contributions are not deductible as charitable contributions for federal income tax purposes. Join our online community on <b><a href="[link removed]">Facebook</a></b> or <b><a href="[link removed]">Twitter</a>.</b>

You can unsubscribe from this list at any time: [link removed]