To: The United States House of Representatives and The United States Senate
Make Corporations Pay Their Fair Share of Taxes to Fix Our Roads and Bridges
Please oppose a repatriation tax holiday for big corporations, and save the Highway Trust Fund by making these corporations pay their fair share of taxes.
Why is this important?
Some members of Congress have been up to something that's unpatriotic: They want to create a tax "holiday" for huge corporations that have been stashing profits offshore to get out of paying their fair share of taxes here at home.
Let’s tell Congress to fix our infrastructure by making sure that corporations pay their fair share of taxes.
Big corporations from Apple to General Electric to Bank of America have more than $2 trillion in profits offshore, much of it in tax havens.
They're eventually supposed to bring most of those profits home and pay U.S. taxes on them, but get this: There's no deadline for them to do so.
These corporations are heavily lobbying Congress to let them bring those profits back to the U.S. at a tax rate that's just a fraction of what they would normally pay.
The last time there was a special tax holiday like this, they paid a tax rate of 5.25% -- a small fraction of the official 35% corporate income tax rate.
Meanwhile, our roads and bridges are crumbling, and the Highway Trust Fund that helps us repair and upgrade them will lose 30% of its funding in August. Some construction projects will stop, and we could lose 700,000 jobs. In a sense, we'll have a highway shutdown, like we had a government shutdown last fall.
Some members of Congress want to pretend that giving corporations a huge break on their taxes is a smart way to fix our infrastructure. Democrats like Rep. Chris Van Hollen (MD) and Rep. Sander Levin (MI) want to save the Highway Trust Fund by making it even harder for corporations to shift profits offshore in the first place by changing their corporate address to a tax haven.
Tell Congress: Big corporations depend on our roads and bridges, too. Make them keep their profits in the U.S. and pay their fair share of taxes.
They owe our country. They should pay their fair share like we all do.
Let’s tell Congress to fix our infrastructure by making sure that corporations pay their fair share of taxes.
Big corporations from Apple to General Electric to Bank of America have more than $2 trillion in profits offshore, much of it in tax havens.
They're eventually supposed to bring most of those profits home and pay U.S. taxes on them, but get this: There's no deadline for them to do so.
These corporations are heavily lobbying Congress to let them bring those profits back to the U.S. at a tax rate that's just a fraction of what they would normally pay.
The last time there was a special tax holiday like this, they paid a tax rate of 5.25% -- a small fraction of the official 35% corporate income tax rate.
Meanwhile, our roads and bridges are crumbling, and the Highway Trust Fund that helps us repair and upgrade them will lose 30% of its funding in August. Some construction projects will stop, and we could lose 700,000 jobs. In a sense, we'll have a highway shutdown, like we had a government shutdown last fall.
Some members of Congress want to pretend that giving corporations a huge break on their taxes is a smart way to fix our infrastructure. Democrats like Rep. Chris Van Hollen (MD) and Rep. Sander Levin (MI) want to save the Highway Trust Fund by making it even harder for corporations to shift profits offshore in the first place by changing their corporate address to a tax haven.
Tell Congress: Big corporations depend on our roads and bridges, too. Make them keep their profits in the U.S. and pay their fair share of taxes.
They owe our country. They should pay their fair share like we all do.