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Tax Day Serves as a Reminder that Corporations and the Ultra-Rich Don’t Pay Their Fair Share

MAY 17, 2021
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Tax Day Serves as a Reminder that Corporations and the Ultra-Rich Don’t Pay Their Fair Share
WASHINGTON, D.C. — Today is the last day to file 2020 taxes. For many, President Biden’s American Rescue Plan brought relief in the form of Child Tax Credits, expanded unemployment benefits—of which the first $10,200 won’t be taxed—and stimulus checks. However, countless corporations and the ultra-rich will yet again skate by this Tax Day without paying their fair share.
Tax March is calling on Congress to get behind Biden’s Made in America Tax Plan, which would raise the corporate tax rate, close loopholes, increase capital gains taxes, and provide more funding to the IRS for better enforcement. It’s the easiest way to tackle income inequality and close the gender and racial wealth gaps, moving our country toward a more inclusive future.
Tax March Executive Director Maura Quint gave the following statement:
“As we pay our taxes today, corporations and the ultra wealthy will continue to use our rigged tax code to avoid paying their fair share. We have a once-in-a-generation opportunity to unrig our broken tax system, and passing President Biden’s tax plan is a great place to start. Poll after poll clearly shows that there is overwhelming popular support for ensuring the wealthy pay their fair share. We need to close loopholes, increase taxes on the wealthiest and increase IRS funding and prioritize enforcement on the richest tax cheats.Taxing the rich and corporations isn’t just good policy, it’s good politics. If we create a more just and equitable tax system, we can invest in us and create an economy for the people.”

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