Write Sen. Nelson: No Break For Corporations Who Hide Profits Overseas

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Subject: Sen. Nelson vs. corporate tax loopholes

Friends,

Corporate lobbyists are working feverishly to make sure they pay as little as possible in taxes on the profits they’ve stashed in offshore tax havens. Sen. Bill Nelson has been a leader in working to close corporate tax loopholes, and we need his leadership again to make sure big business pays what they owe.

Send a letter to Sen. Bill Nelson today and ask him to keep fighting for tax fairness by making corporations pay what they owe on $2.1 trillion in profits stashed offshore.

http://act.progressflorida.org/letter/nelson-taxreform/?source=taf

U.S. corporations have stashed $2.1 trillion in profits through offshore tax havens. As long as this money is kept offshore, corporations dodge paying U.S. income taxes on it. That leaves you and I to make up the difference.

These giant corporations need to pay what they owe on these offshore profits. That’s $600 billion in taxes, according to one estimate. But corporate lobbyists are working behind the scenes in Washington to make sure their tax bill is a small fraction of what they owe...unless we stand up to them.

Ask Sen. Nelson to make corporations pay what they owe on the $2.1 trillion in profits stashed offshore.

http://act.progressflorida.org/letter/nelson-taxreform/?source=taf

If we close tax loopholes for corporations that ship jobs and hide profits offshore, we can raise billions of dollars to invest in America.

Imagine what we could do with the $600 billion giant corporations owe right now. Make college affordable and pay down crushing student debt. Rebuild crumbling roads and bridges. Research new medical cures. Invest in early learning and quality public education.

If we end tax breaks for companies that ship jobs and hide profits offshore, we can level the playing field for small businesses that create jobs in America. It’s about time big corporations played by the same rules as Main Street businesses. Thanks.

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U.S. corporations have stashed $2.1 trillion in profits through offshore tax havens, dodging their taxes, and leaving the rest of us with a $600 billion tax bill. These giant corporations need to pay what they owe on these offshore profits. But corporate lobbyists are working behind the scenes in Washington to make sure their tax bill is a small fraction of what they owe...unless we stand up to them. Sen. Bill Nelson has been a leader in working to close corporate tax loopholes, and we need his leadership again to make sure big business pays what they owe.

Send a letter to Sen. Bill Nelson today and ask him to keep fighting for tax fairness by making corporations pay what they owe on $2.1 trillion in profits stashed offshore.

You can edit the letter below, and we recommend you customize it to fit your voice.

Dear Senator Nelson,
 
U.S. corporations have $2.1 trillion in profits stashed offshore – much 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.
 
Congress should require these companies to pay what they owe on these offshore profits. That could raise $600 billion – money desperately needed to make classrooms less crowded, rebuild roads and bridges, find new medical cures, and make America energy independent.
 
Congress should oppose any proposal that would give these companies a deep discount on the taxes they already owe.
 
When offshore profits are taxed at a lower rate than domestic profits, it creates an incentive for companies to move jobs offshore and to disguise domestic profits as offshore profits to dodge paying their fair share of taxes.
 
You've been a leader in fighting to close corporate tax loopholes and level the playing field for everyday Floridians and small businesses. Please reject proposals that reward corporations that exploit loopholes to dodge paying their fair share of taxes. Thank you.