SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Trump's tax plan would lower corporate tax rates, which Republicans have long said would create more jobs, despite studies numerous studies that say otherwise. (Photo: Steve Rhodes/Flickr/cc)
#PayUpCorps Campaign Highlights All Nation Could Do If Corporations Paid Their Fair Share
"We could have free higher education, universal healthcare, and decent infrastructure...or we could keep giving corporations tax breaks."
Aug 31, 2017
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
On January 20th, it begins...
Political revenge. Mass deportations. Project 2025. Unfathomable corruption. Attacks on Social Security, Medicare, and Medicaid. Pardons for insurrectionists. An all-out assault on democracy. Republicans in Congress are scrambling to give Trump broad new powers to strip the tax-exempt status of any nonprofit he doesn’t like by declaring it a “terrorist-supporting organization.” Trump has already begun filing lawsuits against news outlets that criticize him. At Common Dreams, we won’t back down, but we must get ready for whatever Trump and his thugs throw at us. Our Year-End campaign is our most important fundraiser of the year. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. By donating today, please help us fight the dangers of a second Trump presidency. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
A progressive think tank was joined by hundreds of supporters Thursday in a Twitter campaign demanding that corporations pay a fair tax rate.
A day after President Donald Trump touted his "scam" tax proposal, the Institute for Policy Studies' #PayUpCorps campaign highlighted needs in infrastructure, healthcare, and other sectors that could be paid for with all the money corporations stand to save under the Koch brothers'-backed tax plan.
Trump and Republican leaders in Congress hope to cut the corporate tax rate from an already low 35 percent to 20 percent--though the Institute on Tax and Economic Policy has found that many Fortune 500 companies effectively already pay only about 20 percent of their profits in taxes, and contrary to Republican promises, the savings don't lead to job creation.
Supporters of #PayUpCorps, including Sen. Bernie Sanders (I-Vt.), shared their thoughts on how that money could be better spent, and debunked Trump's claim that corporate tax cuts will create jobs.
Trump claimed corps will use tax cuts to create jobs. Tillerson did the opposite at Exxon #PayUpCorps
-- Michael Feinberg (@MikeSFeinberg) August 31, 2017
\u201cGOP wants to cut $72B for disabilities, but Apple owes $75B in taxes? #PayUpCorps\u201d— Michael Childers (@Michael Childers) 1504204678
\u201cLower corporate taxes mean higher corporate profits, not higher wages. History is very clear on that. #payUpCorps\u201d— Rob Rosenthal (@Rob Rosenthal) 1504204674
\u201cCutting taxes on huge corporations doesn\u2019t create jobs. It makes CEOs richer and puts a bigger burden on the middle class. #PayUpCorps\u201d— Bernie Sanders (@Bernie Sanders) 1504203635
\u201cWe can subsidize the pay of rich CEOs, but not our crumbling bridges? You need to #PayUpCorps\u201d— Vanessa Warheit (@Vanessa Warheit) 1504203960
\u201cAnalysis of 92 major corporations shows tax cuts boost CEO pay, not jobs https://t.co/dHSwnu9dXy #PayUpCorps\u201d— Too Much (@Too Much) 1504203312
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.