News - The Payback Campaign

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.

PRESS RELEASE: Three Tax Policy Questions That Americans Need Answers To

The economy and cost-of-living are top of mind for Americans this year. That is why The Payback is asking these substantive questions about tax policy.

RESOURCE: Unpacking the 2017 Tax Cuts and Jobs Act

In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA) and handed massive tax giveaways to the wealthy. Proponents sold the law as a boon for the middle class, but that couldn’t be further from the truth. In addition to ballooning the deficit, the 2017 law ultimately enriched the ultra-wealthy and corporations at the expense of everyday Americans and turbocharged the current price-gouging epidemic.

STATEMENT: Progressive Lawmakers Should Ask Their Colleagues: Will You Side With Working Families or Corporate Interests?

Advocates for progressive tax reform are praising Senator Elizabeth Warren (D-MA) for urging fellow Democrats to prioritize working families over corporate interests when the 2017 Tax Cuts and Jobs Act (TCJA) expires.

STATEMENT: Speaker Johnson’s Promise to Extend Trump Tax Cuts is a Bid for Billionaire Support, Leaves Everyday Americans Behind

House Speaker Mike Johnson today told Senate Republicans that extending the failed Trump tax cuts will be a top priority for the party in 2025. In response, Igor Volsky, campaign director for The Payback, issued the following statement.

PRESS RELEASE: Slashing the Corporate Tax Rate Harmed Workers, American Businesses

This week, White House Chief of Staff Jeff Zients and former President Donald Trump will speak in front of the Business Roundtable, a lobbying group of more than 200 CEOs from major U.S. companies. Ahead of this week’s meetings, The Payback is highlighting how reducing the corporate tax rate from 35% to 21% ultimately failed American workers, all while enriching the top one percent.

STATEMENT: Payback Campaign Debunks Argument that the Trump Tax Scam Was “Pro-Growth”

Just one day after launching, The Payback, a new multi-million dollar campaign to reverse the Trump-era tax scam in 2025 and build a tax code that works for all Americans, is calling out two architects of the Tax Cuts and Jobs Act (TCJA) for spreading misinformation on the impact of the 2017 law.

PRESS RELEASE: Progressive Tax Advocates Launch “The Payback”

With tax policy poised to play a pivotal role in the November election and beyond, progressive advocates today launched “The Payback,” a new Beltway-focused campaign pushing lawmakers to reverse the Trump-era tax scam in 2025 and get our money back by building a tax code that works for all Americans.