We are always told that war demands sacrifice. But while American soldiers are risking their lives in Iraq, many of the country’s wealthiest corporations are shirking billions of dollars in taxes. As the costs of conflict soar, the President refuses to close a tax loophole that allows big businesses to avoid shouldering their share of the tax burden using off-shore corporate tax dodges — literally leaving the country in a time of need.
The President wants the debate in Congress this week to focus on the size of his tax cut for the wealthy. We’re launching a media and grassroots campaign to instead focus on the hypocrisy of these corporations. Our TV ad juxtaposes the sacrifice of our sons and daughters in Iraq with their greedy and immoral pursuit of self- interest. I’ve attached a press advisory below. But the campaign will be most successful if the media hit is coupled with lots of phone calls to Congress. Can you help?
Please make a call today to your members of Congress to ask that they outlaw corporate offshore tax dodges. Be sure the staff members know you’re a constituent, then urge them to demand a vote on the “Corporate Patriot Enforcement Act” (HR 737 / S 384). Ask for their position on corporations and wealthy citizens leaving the country to avoid taxes. Ask them to provide it in writing. Tell them how you feel about this happening while young Americans are being sent to Iraq, and while we?re all facing deficits and cutbacks at home.
One of the biggest obstacles to action on this issue is that House Republican Leaders Dennis Hastert (R-IL-14) and Tom Delay (R-TX-22) are refusing to allow a vote on it. Please call them too, at:
House Speaker Dennis Hastert:
202-225-0600 or 202-225-2976
House Republican Leader Tom Delay:
202-225-4000 or 202-225-5951
Urge them to immediately let the Corporate Patriot Enforcement Act (HR 737) come to a vote. Ask for their position in writing as well.
Corporate offshore tax dodges are symbolic of the corporate interests driving the Bush administration and GOP in their ridiculous economic policies. Every year, about $70 billion dollars in revenue are lost from American corporations that have moved their corporate headquarters or subsidiaries to places like Bermuda, and from wealthy individuals moving their assets overseas. To get a sense for the size of this theft — this is the size of ALL the state budget deficits that are creating such pain around the nation through cutbacks in school programs and other essential services.
It’s not surprising that many of the worst tax-dodge offenders are directly linked to the Bush administration and right-wing politicians, through corporate patronage of family members, personal connections, and lavish political contributions. Vice President Cheney’s company, Halliburton, is a leader in this kind of tax evasion, even as Cheney himself continues to receive deferred compensation from the company.
The Republican right’s support of corporate offshore tax dodges is inexcusable. Your calls can help bring the issue to light. Once it’s out in the open, there’s a good likelihood that Congress can close the loophole. There simply is no excuse.
Of course, offshore tax dodges are only the most egregious example of the economic mismanagement we face. For the first time since Herbert Hoover presided over the Great Depression, the Bush administration has refused to provide any real stimulus to the economy in truly tough economic times. Instead, they are calling primarily for tax cuts for the wealthy and for corporations. We now face disastrous budget deficits as far as the eye can see, without a credible short-term stimulus. It’s an amazing example of ideology gone mad.
“Stimulus” means getting funds to those in the greatest need and to those who will spend the money fastest. In a time of economic crisis, it’s the only good reason for short-term deficit spending. Typically, a good economic steward would:
EXTEND UNEMPLOYMENT BENEFITS so that those hardest hit by the recession could make ends meet. This funding would obviously go directly into consumer spending and “raise all boats.”
PROVIDE SUPPORT TO STATES AND EDUCATION so that recession-driven state deficits don’t lead to the collapse of public education around the country.
PROVIDE SUPPORT FOR LOCAL SERVICES so that deficits and new unfunded “homeland security” mandates don’t devastate local police, fire and hospital services.
These kinds of measures would translate directly into consumer spending, providing an effective stimulus to pull us out of a recessionary spiral. It is truly terrifying that our national government is not playing this traditional role, and is instead building deficits for generations to come.
Call today and let’s begin the process of taking our government back from corrupt special interests. There can be no defense for the right wing’s support of corporate tax evasion in this era of deep economic challenges and true personal sacrifice.