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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
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
An Unconstitutional Rampage
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
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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
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
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
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
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