Tell Sen. Schumer: No corporate tax cut!
U.S. Senator Chuck Schumer (D-NY)
For years, major corporations have been hiding trillions of dollars in offshore tax havens to get out of paying their fair share of taxes here at home.
Now New York Senator Chuck Schumer, who’s set to become the US Senate Majority Leader after the November election, is floating a plan to permanently slash the corporate tax rate. If that plan happens, tax dodgers like Apple, General Electric and Verizon can bring their hidden profits back to the U.S. while paying just a small fraction of the what they actually owe.
The plan is an insult to working families who play by the rules – and pay their taxes – every day.
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To:
U.S. Senator Chuck Schumer (D-NY)
From:
[Your Name]
Dear Senator Schumer,
I'm asking you to oppose a plan to slash the corporate tax rate in order to repatriate profits that huge corporations have been hiding overseas for years. The plan is an insult to working families who play by the rules – and pay their taxes – every day.
The effective corporate tax rate is already the lowest it’s ever been in U.S. history! Cutting it further would cost the federal government $100 billion over the next 10 years.
And that just means more cuts to vital programs and infrastructure investments!