Tell Sen. Warner: No Tax Breaks For Corporations Hiding Profits Overseas

Senator Mark Warner

Add your name to this joint petition by Virginia Organizing and Americans for Tax Fairness.

U.S. corporations have $2.1 TRILLION in profits stashed offshore – much of it in tax havens. As long as this money is kept offshore, corporations dodge paying U.S. income taxes on it. That leaves you and me to make up the difference.

These giant corporations need to pay what they owe on these offshore profits. That’s up to $600 billion in taxes – money desperately needed to make classrooms less crowded, rebuild roads and bridges, find new medical cures, and make America energy independent. But corporate lobbyists are working behind the scenes in Washington to make sure their tax bill is a small fraction of what they owe... unless we stand up to them. 

Ask Senator Warner to keep fighting for tax fairness by making corporations pay what they owe on $2.1 trillion in profits stashed offshore.

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To: Senator Mark Warner
From: [Your Name]

U.S. corporations have $2.1 trillion in profits stashed offshore – much of it in tax havens. As long as this money is offshore corporations avoid paying U.S. taxes on it. That means the rest of us have to make up the difference.

Congress should require these companies to pay what they owe on these offshore profits. That could raise $600 billion – money desperately needed to make classrooms less crowded, rebuild roads and bridges, find new medical cures, and make America energy independent.

Congress should oppose any proposal that would give these companies a deep discount on the taxes they already owe.

When offshore profits are taxed at a lower rate than domestic profits, it creates an incentive for companies to move jobs offshore and to disguise domestic profits as offshore profits to dodge paying their fair share of taxes.

You've been a leader in fighting to close corporate tax loopholes and level the playing field for families and small businesses in Virginia. Please reject proposals that reward corporations that exploit loopholes to dodge paying their fair share of taxes. Thank you.