rich 1.0 Action Network https://actionnetwork.org <link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/letter/tell-congress-close-corporate-tax-loopholes?format=js&source=widget'></script><div id='can-letter-area-tell-congress-close-corporate-tax-loopholes' style='width: 100%'><!-- this div is the target for our HTML insertion --></div> Patriotic Millionaires https://actionnetwork.org/groups/patriotic-millionaires https://can2-prod.s3.amazonaws.com/groups/default_facebook_images/000/254/238/original/PatMillz.jpg?1657828704 A new report from the Government Accountability Office reaffirms what we already know: cutting taxes on major corporations and the ultra-wealthy is bad for the economy. The 2017 Trump Tax Scam lowered the corporate tax rate from 35% to just 21%, and added even more loopholes to a corporate tax code already riddled with them. As a result, the share of profitable corporations paying no corporate taxes increased to 34%. Corporations are raking in record profits, off of the backs of cash-strapped American consumers, and paying almost nothing (and in many cases literally nothing) on their billions in profits. That money is then funneled directly to executives and wealthy shareholders, drastically increasing economic inequality. Click “Start Writing” to send a direct message to Congress telling them to close corporate tax loopholes now. https://actionnetwork.org/letters/3130f1f1739b97dff525813a8c91f6a129477d62