We Can’t Address the U.S. Deficit Without Corporate Tax Reform
In a new blog, FACT’s Thomas Georges and Evan Dymond argue that lawmakers must pursue revenue-raising corporate tax reforms if they are serious about tackling the nation’s fiscal crisis.
There is widespread agreement, across the political spectrum, that the gaming of the tax code by multinational corporations is a problem. When profits and jobs are shipped offshore, we not only harm the U.S. economy, we fuel a tax haven industry that drains wealth around the world. We seek to fix the problem of large, well-connected interests gaming the tax system.

In a new blog, FACT’s Thomas Georges and Evan Dymond argue that lawmakers must pursue revenue-raising corporate tax reforms if they are serious about tackling the nation’s fiscal crisis.
Read FACT policy director Zorka Milin’s full testimony from the April 21 Congressional Progressive Caucus shadow hearing, “Visions of an Affordable Life: Taxing Corporate Greed”.
Amid skyrocketing oil prices and concerns about ordinary Americans subsidizing Big Oil’s expected superprofits at the pump, new disclosures show how the U.S. continues to inadequately tax its oil majors.
New disclosure requirements show that huge American corporations lowered their tax bills by billions of dollars through the use of tax havens in 2025, while U.S. anti-abuse rules struggled to keep up.
Though the establishment of a new “side-by-side” regime exempting U.S. corporations is a regrettable and unnecessary setback, the OECD’s global minimum tax remains a generational leap forward in the fight against corporate tax avoidance.
Today’s announcement by the OECD that U.S.-headquartered corporations will continue to be exempt from key elements of the global minimum tax regime represents a regrettable setback for the global fight against corporate tax avoidance.