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Trump's tax plan would lower corporate tax rates, which Republicans have long said would create more jobs, despite studies numerous studies that say otherwise. (Photo: Steve Rhodes/Flickr/cc)
#PayUpCorps Campaign Highlights All Nation Could Do If Corporations Paid Their Fair Share
"We could have free higher education, universal healthcare, and decent infrastructure...or we could keep giving corporations tax breaks."
Aug 31, 2017
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
We are at a crossroads
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
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