New NEA campaign exposes true cost of corporate tax loopholes
Washington, DC - April 09, 2012 - As the deadline approaches for Americans to file their taxes, a significant portion of profitable corporations may not pay a dime. The reason? Corporate tax loopholes.
Through a new campaign, the National Education Association is exposing the true cost of corporate tax loopholes…a shrinking middle class and the erosion of critical services, including public education. Part of the effort includes a one-minute animated short called The Hole and an online petition for the public to show support for closing corporate tax loopholes.
“Students and working families are feeling the adverse effects of a carefully crafted, perfect storm,” said Dennis Van Roekel, president of NEA. “At home, families are struggling to hold on to what they have. At school, students are confronted with cuts to the critical resources they need to succeed. Big businesses are sitting on record profits, and are taxed at historically low rates. It is time we put people ahead of profits.”
--From NEA Media Release
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Tell us how America could better spend the money lost to loopholes on Twitter with the hastag #taxday.