We, the undersigned, call on Congress to end the corporate tax loopholes which President Obama recommended in his campaign, 2010 State of Union and 2011 State of Union messages. We call on Congress to stop the corporate tax cuts, and create a fair and equitable tax system.
Why is this important?
Two thirds of all U.S. corporations do not pay federal income tax. If they paid their fair share, we wouldn't have to cut teachers, firefighters and public services. Every year corporate tax havens cost us $100 billion. That's nearly enough to balance the budgets of all 50 states. Corporate tax avoiders are bankrupting the United States.
