Pass the Stop Tax Havens Abuse Act and use the $220 billion in recovered corporate taxes to repair and restore our deteriorating railroads, bridges, roads, public transit, sanitation systems, harbors and schools. The benefits include putting people back to work, shrinking inequality, reducing the national debt, and energizing U.S. competitiveness for generations to come.
Why is this important?
Congress has acted forcefully to bail out Wall Street from the ravages of the Great Recession, but little has been done to help Main Street. Meanwhile, our education ranking has fallen to #33 in the world, income inequality is #44, infrastructure is #23, and labor participation has declined to 63.2%. Just as we outlawed cartels that monopolized competition in 1890, it is time to outlaw dodgy tax haven practices that allow corporations to evade billions in taxes and have beggered communities across the land.
