Blog

White House Plan to Close Special Interest Tax Loopholes Is the Right Approach to Reform, But Details Matter
 
Statement by Alana Miller, Program Associate for the Pennsylvania Public Interest Research Group in response to the White House announcement proposing to eliminate tax loopholes and preferences.
 
“The President has put forward the beginnings of a tax reform plan that takes the right approach, but is still missing critical details.”
 
“America needs a level playing field where businesses succeed by being more productive and innovative, not by hiding profits in the Cayman Islands or other tax havens. By ending special-interest tax preferences, the administration plan could help the economy and reduce debt, while addressing public outrage about large companies dodging their taxes.
 
“The current system serves nobody except the relatively few companies that can most exploit these loopholes and the armies of tax lawyers and lobbyists that must be hired to play this destructive game.”
 
“The President’s plan includes very promising proposals. If the details include reforms such as complete reporting of all profits and taxes paid, clear cut rules to end profit shifting to bogus off-shore subsidiaries and enforceable minimum rates to deter tax avoidance gamesmanship, then this plan will fulfill its promise.
 
“Preventing firms from sheltering profits overseas will encourage companies to keep their business here.  We were encouraged to see some of the revenue raised put toward clean energy. We urge that loophole closing is pursued aggressively and that additional revenue will be put toward some combination of reducing the public debt and reducing severe cuts to public priorities.”

 

Comments

Every student need to write some essay papers and especially when he apply for getting an admission then college essay is asked to write. Similarly essay can be demanded at the time of job application. A good student know very well how to write different essays and applications. However if you are too busy or poor in writing then http://reallyprofessionalessays.com/write-my-essay website is here to hire online writer and complete your essay papers without delaying in deadline.

Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Food and Drug Administration to put an end to the worst practices.

Support Us

Your donation supports PennPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.