It's time for the public to "tap into their anger" and rally against
tax loopholes that allow big U.S. corporations to dodge their fair share
of American taxes by stashing profits in offshore havens, said leaders
from Citizens for Tax Justice and Americans for Tax Fairness.
Congress
is currently entertaining a number of tax reform proposals that seek to
lower corporate taxes and provide incentives for sending jobs and
profit centers offshore, putting billions of tax dollars at stake over a
10-year period, Frank Clemente, campaign manager of Americans for Tax
Fairness, said on a conference call with reporters.
The
current debate on tax reform comes at a time when corporate profits are
at a 60-year high, yet "some of these companies are paying less in taxes
than you and I as individuals pay," Clemente said.
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Environmentalists and public health advocates urged the U.S. Environmental Protection Agency to finalize its draft rule that would reduce the amount of sulfur in gasoline at a public hearing in Chicago today.
