Media

PRESS RELEASE: Bipartisan Momentum Grows for Congress to Raise the Corporate Tax Rate and Reverse Decades of Failed Trickle Down Policies

As Congress returns from recess, The Payback is encouraging reporters to ask members of Congress if they are open to raising the corporate tax rate. Over the summer, multiple key Republicans expressed a willingness to consider raising corporate tax rates as part of a new tax compromise.

The Payback Campaign Slams New Pence and Toomey WSJ Op-ed For Rewriting History on the Tax Cuts and Jobs Act

In an attempt to rewrite history, former Vice President Mike Pence and former Senator Pat Toomey (R-PA) published an op-ed in The Wall Street Journal riddled with inaccuracies about the impact of the failed Tax Cuts and Jobs Act (TCJA). The Payback Campaign decided to lend a hand and set the record straight about the true consequences of the TCJA, and how extending the 2017 law would devastate working families and stall economic growth.

RESOURCE: How Lowering the Corporate Tax Rate Harms American Workers

While billionaires and C-suite executives saw their wealth increase under the TCJA, working families were left behind. Lowering the corporate tax rate even further would widen the wealth gap, supercharge inflation and ultimately, stall economic growth.