FOR IMMEDIATE RELEASE
December 11, 2013
Contact: Nick Jacobs
+1 (202) 841-1466
The Murray-Ryan plan represents a missed opportunity to raise revenue through good tax policy. It fails to close the egregious corporate tax loopholes that Senator Murray addressed in a Washington Post op-ed just a few weeks ago. Such a deal could have closed the loopholes that multinational corporations use to game the system in order to pay little if no corporate income tax at all. While many ordinary Americans are continuing to be asked to sacrifice, we’re letting the most profitable companies off the hook yet again by maintaining a flawed system. And when it comes to making budget choices both now and in future debates –the American people will be watching to see whose side Congress is really on.
Founded in 2011, the Financial Accountability and Corporate Transparency (FACT) Coalition unites civil society representatives from small business, labor, government watchdog, faith-based, human rights, anti-corruption, public-interest, and international development organizations. We seek an honest and fair corporate tax code, greater transparency in corporate ownership and operations, and commonsense policies to combat the facilitation of money laundering and other criminal activity by the legitimate financial system.