Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

For Immediate Release

Press Release

Oxfam Statement: Congress Must Not Give In to Lobbying Might of Big Multinational Corporations


In reaction to the House Ways and Means Committee’s plan for funding the reconciliation bill, Gina Cummings, Vice President of Alliances Advocacy and Policy for Oxfam America made the following statement:

“Congress must not let down the American people who strongly support taxing the rich and big corporations to pay for President Biden’s Build Back Better plan. It is time to show that the will of the people matters more than the lobbying might of big multinational corporations that are fighting tax increases. These tax increases are critical to helping hard working families in this country by paying for badly needed investments in our country’s recovery.”

“One important source of revenue is to close corporate tax loopholes and stop tax haven abuse. International negotiations are ongoing to ensure that corporations pay a minimum amount of tax in every country where they operate. Congress should let the President lead these negotiations by fully backing his plan to reform how US multinational corporations are taxed. Poll after poll show that ending multinationals’ tax haven abuse and jobs offshoring is strongly supported.”

“Congress must also hold the line on ending fossil fuel subsidies, including both $35 billion in subsidies for domestic production – some of which have endured for 100 years – and $85 billion in new foreign oil & gas tax breaks added as last-minute giveaways in the Trump tax scheme of 2017. We are disappointed that the Committee has failed to incorporate President Biden’s entire plan to repeal fossil fuel subsidies, despite Senate backing, and particularly omitted any repeal of domestic fossil fuel subsidies. Ending these subsidies is critical to addressing the climate crisis and fighting back against the corporate greed of the oil and gas sector.

“While many Americans are hurting during the pandemic, billionaire wealth is booming. It is also shocking that Congress is not taking up the President’s plan to prevent billionaires from transferring their fortunes to their heirs tax-free.

“We commend Congress for making commitments to paid leave, child care funding, labor protections, and vaccine funding-- the kind of commitments that will be revolutionary for women, children, people of color and working families. But we will never achieve a fair and equitable recovery from COVID-19 if we continue to have a system where corporations and the wealthy get richer while everyone else is left behind.”


Oxfam is a global organization working to end the injustice of poverty. We help people build better futures for themselves, hold the powerful accountable, and save lives in disasters.

Jayapal Says Corporate-Friendly No Labels Shows 'True Colors' by Undermining Jan. 6 Investigation

"To malign the January 6 Committee as a 'partisan exercise' is a dangerous message for the American public and our democracy—one that deeply undermines the committee's work and denies the truth about the Republican Party."

Brett Wilkins ·

As End of Roe Looms, US Doctors Say 'Abortion Is Essential Healthcare'

"Although ACOG's long-standing abortion policy supported safe, legal, evidence-based abortion care, the current reproductive health crisis calls for revisions which make it unmistakably clear that ACOG trusts doctors and patients," said the group.

Julia Conley ·

Biaggi to Primary 'Selfish Corporate Democrat' Sean Patrick Maloney in NY

The New York state senator says she's running "to protect and defend our democracy, to halt the climate crisis, to grow our supply of affordable housing, and to transform our government and economy to serve us all."

Andrea Germanos ·

'Not About Nostalgia': Poor People's Campaign Marches in Memphis Ahead of DC Gathering

"It's been 54 years since the sanitation worker's march," said Bishop William J. Barber II, "and right here in Memphis they still don't have union rights."

Kenny Stancil ·

Greenhouse Gases Trapped Nearly 50% More Heat Last Year Than in 1990: NOAA

"Getting hot in here," said one climate campaigner. "Gotta get congressmen and senators to do more midday outdoor events in their dark suits."

Jessica Corbett ·

Common Dreams Logo