FOR IMMEDIATE RELEASE:
APRIL 12, 2021
APRIL 12, 2021
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[email protected]
Tax March Slams Corporate Tax Dodgers in New Ad Campaign, First Ad Targets FedEx
Tax March Tells Democrats: “Don’t Let Tax Dodgers Drive the Debate”
WASHINGTON, D.C. — Today, Tax March announced new ads slamming corporations who avoided paying federal income taxes last year and are now lobbying against President Biden’s plan to create millions of good jobs. The group’s first ad targets FedEx, which hasn’t paid federal income taxes since lobbying Republicans for a lower corporate tax rate in 2017, despite raking in nearly $7 billion in annual profits between 2018 and 2020. The campaign follows a report that 55 of America’s biggest companies paid no federal income taxes in 2020. The 60-second ad will begin running on Tuesday, April 13th on TV in Washington, D.C., and Memphis, T.N., where FedEx is headquartered.
Tax March—a grassroots group fighting for economic justice—is diving into the fight over taxes on corporations and the wealthy as a part of President Biden’s jobs and infrastructure plan. As Congress returns to Capitol Hill, advocates are calling on both Congress and the president to stand firm on raising the corporate tax rate to 28 percent.
Tax March Campaign Director Dana Bye commented:
“We’re telling Democrats: don’t let tax dodgers drive the debate. A corporate tax rate of 28 percent is already a compromise—and still lower than the 35 percent rate Trump slashed to a paltry 21 percent. It’s long past time that big corporations pay their fair share.Voters made a clear choice in November. They rejected the lie that if we just let corporations and the wealthy hoard more and more wealth, some of it will trickle down to the rest of us. It’s time to put the people first and unrig the tax code so it works for us: raise the corporate rate, close the loopholes, and increase enforcement so that big companies and the ultra-wealthy start paying their fair share.”
“FedEx” script:
[Narrator]During the pandemic, FedEx shipped more packages than ever before…
Raking in $1.2 billion dollars in profits.So how much did FedEx pay in federal taxes?Nothing.[Woman reacts]“Nothing?”[Narrator]Nothing.Just like all these other massive corporations … they paid nothing in federal taxes this year.And they’re doing everything possible to keep it that way.That’s why tax-avoiding corporations like FedEx are lobbying against President Biden’s plan to rebuild America.Biden’s plan will make corporations pay their fair share so we can invest in roads, bridges, schools, high speed internet … creating millions of good jobs.But for FedEx, paying nothing in federal taxes matters more than investing in us.Tell Congress: it’s time to put the people first and make corporations like FedEx pay their fair share.
To speak with a Tax March spokesperson, please contact [email protected]
