Credo Action

Tell Congressional Republicans: No more tax handouts for Wall Street and corporations

Sign the petition

Petition to Senate Finance Committee Chair Orrin Hatch and all members of Congress:

"Oppose the current Trump Republican tax plan to give huge tax breaks to millionaires and wealthy corporations, paid for by cutting Social Security, Medicare, Medicaid, education, medical research, Meals on Wheels and road repairs. We need real tax reform to make sure the wealthy and big corporations pay their fair share. "

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    Tell Congressional Republicans: No more tax handouts for Wall Street and corporations

    When Donald Trump and Republicans talk about “tax reform,” it’s code for slashing taxes on the wealthy while defunding health care, the social safety net, education, medical research and more.1

    Sen. Orrin Hatch is the Republican point person in Congress tasked with making this nightmare a reality. As chair of the Senate Finance Committee, he has just asked for “feedback from industry groups on tax reform.2

    Hatch and Trump clearly expect comments only from big tax-dodging corporations and wealthy Wall Street speculators. But already, thousands of comments are flooding in from Main Street Americans opposing the Republican tax plan and demanding not one penny in tax cuts for the super-wealthy and big corporations.3 We need to pour it on, and we only have until July 17 to respond.

    Sign the petition: No more tax handouts for Wall Street and corporations.

    CREDO is joining with our friends at Americans for Tax Fairness and the progressive community to say that we will fiercely oppose any tax legislation unless it follows these basic principles:

    • No more tax cuts for the wealthy and big corporations. They should pay their fair share of taxes – a lot more than they pay now.
    • Invest those tax dollars in our country’s future – in public roads and transit systems; quality and affordable early childhood education; public schools and higher education; researching new medical cures; and ensuring a secure retirement for all of us by strengthening Social Security, Medicare and Medicaid.
    • Eliminate all tax breaks that encourage multinational corporations to shift jobs and profits offshore.
    • Require corporations pay the $750 billion they owe on their $2.6 trillion in offshore profits.4 Use the funds to rebuild roads and bridges, improve schools and create millions of good-paying jobs.

    Half of the Trump tax cuts would go to the richest 1%, while big corporations holding profits offshore would get a huge tax cut.5 Instead, we need to insist that any tax legislation includes “not one penny” in tax cuts for the wealthy and big corporations and instead makes them pay their fair share.

    Sign the petition: No more tax handouts for Wall Street and corporations.

    CREDO’s position is that Congress must not take up tax legislation until Trump reveals his tax returns and Americans have a chance to see how he would profit from the toxic plans Republicans are pushing.

    But with Hatch scheming up a plan to give tax cuts to the super wealthy and big corporations, we need to make sure he knows what kind of opposition he will face – and what Americans really want.

    Sign the petition: No more tax handouts for Wall Street and corporations.

    Thank you for speaking out.

    References:

    1. Americans for Tax Fairness, “Talking Points on Donald Trump’s Tax Plan,” April 5, 2017.
    2. Naomi Jagoda, “GOP chairman seeks tax reform recommendations,” The Hill, June 16, 2017.
    3. Naomi Jagoda, “Progressive groups launch 'Email Orrin' campaign on tax reform,” The Hill, June 29, 2017.
    4. Americans for Tax Fairness, “Talking Points on Donald Trump’s Tax Plan.”
    5. Ibid.