U.S. corporations have $2.1 TRILLION in profits stashed offshore – most 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.
Click here to help change this.
Congress should require these companies to pay the hundreds of billions of dollars that they owe on these offshore profits in tax havens. This is money desperately needed to make classrooms less crowded, rebuild roads and bridges, find new medical cures, and make America energy independent.
If we close tax loopholes for corporations that ship jobs and hide profits offshore, we can raise hundreds of billions of dollars to reinvest in useful spending at home or abroad.
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P.S. RootsAction is an independent online force endorsed by Jim Hightower, Barbara Ehrenreich, Cornel West, Daniel Ellsberg, Glenn Greenwald, Naomi Klein, Bill Fletcher Jr., Laura Flanders, former U.S. Senator James Abourezk, Coleen Rowley, Frances Fox Piven, Lila Garrett, Phil Donahue, Sonali Kolhatkar, and many others.