Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Ryan Thomas, press@taxmarch.org

Press Release

Tax March Roasts Howard Schultz for Comments on Taxes

WASHINGTON -

In response to Howard Schultz’s comments about raising taxes on corporations, Tax March spokesperson Ryan Thomas released the following statement:

“Howard Schultz’s leadership on economic issues is as bland as his coffee, apparently. Confronting historic inequality means actually having a plan to address the widening gap between the very rich and everyone else—not supporting a watered-down version of the GOP’s failed tax law.

“Every Democratic or Independent candidate for president should not only call for repealing the GOP’s tax law, but supporting raising taxes on the wealthiest individuals and largest corporations to ensure our economy actually works for working people.”

Additional Background:

  • While Schultz has said that he would have pushed for a more “modest” tax cut for corporations and the wealthy, research shows that the major tax cuts that corporations received from the Republican tax law went directly into the pockets of the wealthy, not the workers.
  • Instead of pledging to raise taxes on corporations or the wealthy, Schultz has continually said that we need to decrease the national debt, which poses a fundamental threat to programs like Medicare, Medicaid, and Social Security.
  • In just the first quarter after the Republican tax law passed, Starbucks saw a $117 million tax break. Schultz claims the company accelerated hiring plans and gave its employees raises, but in reality, hiring levels remained constant year-over-year, and the cost of those raises was nearly covered by the tax break the company received in just three months.
  • In April 2018 Starbucks also announced a $5.9 billion stock buyback program—money that goes to its shareholders, like Schultz himself, not its workers.
  • Recent polling indicates that a large majority of Americans—including 60 percent of independents—support raising taxes on corporations and the wealthy.

Because Climate Science 'Does Not Grade on a Curve,' Experts Says IRA Not Enough

"There is an urgent need for much more aggressive and far-reaching measures to prevent climate chaos," said the head of one progressive consumer advocacy group.

Brett Wilkins ·


'Game-Changer and Reason for Hope': House Passes Inflation Reduction Act

"We've got more to do," Rep. Pramila Jayapal said on the House floor. "But today, let's celebrate this massive investment for the people."

Jake Johnson ·


'This Is Insane': Search Warrant Indicates FBI Investigating Trump for Espionage Act Violation

"If you're not fed up," said watchdog group Public Citizen, "you're not paying enough attention."

Jessica Corbett ·


Anti-War Veterans Group Asks Biden to 'Read Our Nuclear Posture Review Before Releasing Yours'

"Are you willing to risk a civilization-ending apocalypse by playing nuclear chicken with other nuclear-armed nations? Or will you lead us toward a planet that is free of nuclear weapons?"

Jessica Corbett ·


'Big Win' for Public Lands and Climate as US Judge Reinstates Coal Lease Ban

"It's past time that this misguided action by the Trump administration is overturned," said one environmental campaigner.

Brett Wilkins ·

Common Dreams Logo