NLIHC joined other national, state and local organizations in signing a letter organized by Citizens for Tax Justice to urge members of Congress to reduce corporate tax subsidies and apply savings towards protecting public investments and reducing the deficit. The groups urge Congress to protect health, education and infrastructure resources to ensure the nation’s competitiveness.
“It makes no sense for Congress to debate cuts in public services that working families rely on as a direct spending subsidy. But lawmakers have often ignored tax subsidies, particularly those that take the form of corporate tax loopholes,” write the organizations.
Deficit solutions, say the letter writers, should not favor corporations over working families. Groups object to using savings from closing corporate tax loop holes to lower corporate tax rates. Instead, the organizations call for those savings to be applied to deficit reduction and to securing needed services and resources for working families.
NLIHC urges its organizational members to sign on to this letter before the May 13 closing date.
View the letter and current signers: http://www.ctj.org/pdf/corptaxletter.pdf
Sign on to the letter: http://www.ctj.org/corptaxsignonletter.php