To: Sen. Elizabeth Warren (MA-1)
Sen. Warren: Reject loopholes, don't renew them
Massachusetts Fair Share
Congress should reject offshore tax havens, not renew them. I don't understand why Congress would want to reinstate loopholes that reward companies for hiding profits offshore and cost us $9 billion annually as part of the tax extenders package. We need your leadership, Sen. Warren, to stand up to this corporate tax heist.
Let's make everyone pay their fair share. Let these loopholes that reward offshore tax havens stay expired -- that's where they belong.
Let's make everyone pay their fair share. Let these loopholes that reward offshore tax havens stay expired -- that's where they belong.
Why is this important?
Congress is about to REINSTATE loopholes that let huge corporations like GE, Goldman Sachs and Citigroup dodge taxes -- and to stop it, we need champions like Sen. Elizabeth Warren to stand up.
Tax loopholes allow corporations to dodge taxes by hiding profits overseas -- some companies pay $0 in taxes. Congress is about to decide their fate: Renew $9 billion in offshore corporate tax loopholes, or leave them on the scrap heap of bad ideas.
Earlier this year, a large slate of corporate subsidies expired. Hidden among the tax credits are some of the worst loopholes that reward multinational corporations for moving profits and jobs overseas.
Now, Congress wants to renew many of these programs, even the ones that reward huge companies for hiding profits overseas. It makes no sense -- this is our chance to let these loopholes end for good. The President has already spoken out against renewing these loopholes, but we need to more champions to stand up, and we think Sen. Warren should be one of those champions.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone.
Tax loopholes allow corporations to dodge taxes by hiding profits overseas -- some companies pay $0 in taxes. Congress is about to decide their fate: Renew $9 billion in offshore corporate tax loopholes, or leave them on the scrap heap of bad ideas.
Earlier this year, a large slate of corporate subsidies expired. Hidden among the tax credits are some of the worst loopholes that reward multinational corporations for moving profits and jobs overseas.
Now, Congress wants to renew many of these programs, even the ones that reward huge companies for hiding profits overseas. It makes no sense -- this is our chance to let these loopholes end for good. The President has already spoken out against renewing these loopholes, but we need to more champions to stand up, and we think Sen. Warren should be one of those champions.
It’s about time that these corporations start living by the same rules as the rest of us. It’s time to close these loopholes and invest in an economy that works for everyone.