Tax

"Paradise for Tax Dodgers" -- Our Response To Tax Bills Passage

"This bill does nothing to help build an economy that works for people -- and instead rewards tax dodging companies. Though the proponents say that it would improve take home pay and boost economic growth, economists say that simply isn’t true."
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Tax
statecampaign

Expensive tax cut bill fails fairness test

On 11/2, a draft version from Congress' Ways and Means Committee to make significant changes to the U.S. tax system. Here's our take: 

Our tax code is clearly in need of a serious overhaul, but, to me, this falls short of a serious effort. 

There is broad agreement that we need to level the playing field on corporate taxes. Currently corporate tax loopholes allow companies to stash money offshore, meaning that bigger businesses have distinct advantages over their smaller wholly domestic competitors. 

But this legislation as drafted would not end this practice and continue to reward

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Tax
statecampaign

Right Problems, Wrong Solutions: Fair Share responds to Paul Ryan's tax reform push

In response to House Speaker Paul Ryan's renewed push, rolled out on Tuesday, June 20, around tax reform, Fair Share's Nathan Proctor said: "There is a lot to the conversation about tax reform where there is broad agreement. Paul Ryan says we need to prevent offshoring, and we agree. He talks about getting rid of loopholes to make the tax code fairer, and we agree. He talks about shoring America up in anxious times, and we agree. But instead of closing loopholes, the plans we've seen would create new, bigger loopholes ...
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Tax
statecampaign

Trump Tax Reform Ignores Worst Problem in Tax Code

Our comments on the much anticipated tax reform plan: "Already, our loophole-ridden corporate tax code is rigged for big companies and their armies of tax lawyers. Not only does this plan do nothing about the worst part of our tax code -- that it rewards hiding profits offshore -- it makes it worse ... "
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statecampaign
Tax

Citing debunked tax myth, President Trump moves to scrap anti-inversion rule

As we at Fair Share have said previously, if we want to base our debate on tax reform on reality and fairness, we need to start with the facts, and correct the record. President Donald Trump has often cited a myth about our tax code, one which has been disproven: That American companies pay the highest corporate taxes in the world.
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Tax

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