Taxes & Investment to Build America

Big corporations are sitting on record piles of cash. About $1 trillion in tax cuts went to the richest one percent over the last decade. Wall Street has plowed its bailouts and tax cuts into speculating, enriching executives and shifting more jobs and investment offshore. Income tax revenue as a share of GDP is already at the lowest level since 1951. The corporate tax share of federal receipts has dropped from 32% in 1952 to 8% last year. More budget-busting tax cuts for big corporations and wealthy Americans won’t help Main Street small business, won’t hire, house or educate more people, won’t rebuild our failing infrastructure. They will widen inequality, further undermine our economy and make us less competitive globally.

Support Positive Corporate Tax Reform

Don't let corporate tax dodgers dominate debate over corporate tax reform. Sign our statement rejecting tax holidays for U.S. multinationals who disguised their U.S. profits as foreign profits to avoid taxes and calling for an end to unproductive tax loopholes and subsidies benefiting large corporations so we can level the playing field and raise revenues needed to restore economic vitality.

CLICK HERE TO SIGN THE CORPORATE TAX REFORM STATEMENT

End Top Bracket Tax Cuts

Click for REPORT: The Business Case for Restoring Tax Rates for High-Income Taxpayers to Pre-Bush Levels

See Sign-On LETTER TO CONGRESS: END BUSH TAX CUTS FOR TOP INCOMES
   About $1 trillion in tax cuts went to the richest one percent over the last decade. Income tax revenue as share of GDP at lowest level since 1951. Tell Congress to let the Bush tax cuts on taxable income over $250,000 expire no later than Dec. 31, 2012, as now scheduled, without another extension.

See Earlier Tax Cuts Petition SIGNERS

Business Against Tax Haven Abuse

End tax dodging and support a level playing field for business by enacting strong legislation to stop tax haven abuses. Offshore tax havens reward tax evaders, rob public funds of needed revenue and offload taxes to responsible businesses and households. Everyone needs to pay their fair share to keep America moving forward. Our economic progress is undermined when companies are rewarded for financial manipulation rather than productive investment, innovation and job creation.

See the full Statement and SIGN the petition.

     Click here for REPORT: Unfair Advantage: The Business Case Against Tax Havens

“The subjects of the state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.” -Adam Smith

Fair Taxes Program

Business for Shared Prosperity organizes business support for fair, responsible taxation and urgent public investment at the state and national level. Bold, smart public investment is vital in transforming our energy system and reenergizing our economy with clean technology and green jobs. Scaled up public investments are essential in modernizing our deficient infrastructure and public services, and fostering the education and research undergirding innovation, productivity and progress. Existing tax policies have encouraged speculation, contributed to an un-level playing field between different states and businesses, and shifted the tax burden off wealthy taxpayers and global corporations and onto small businesses, wage earners and the next generation.