Feb 06, 2018

Congress Should Continue to Resist Efforts to Undermine Historic Tax Reform by Adding Corporate Welfare to Government Spending Bill

Post by Freedom Partners

Expired Tax Carve Outs for Special Interests Threaten Simpler, Fairer & More Competitive Tax Code

Arlington, VA — As Congress debates the details of must-pass spending legislation this week, Freedom Partners Chamber of Commerce continues to urge lawmakers to oppose any efforts to add corporate welfare to the final bill, specifically billions of dollars in expired tax extenders or subsidies for insurance companies.

Last month, Freedom Partners and Americans for Prosperity sent a letter warning lawmakers that reviving the tax extenders, which include corporate welfare for favored industries like “green energy,” rum distillers and motorsports, would undermine the historic steps recently taken toward a simpler, fairer and more competitive tax code.

Freedom Partners Executive Vice President Nathan Nascimento:

“The entire point of tax reform was to get rid of ridiculous carve outs and subsidies that only benefit the industry that’s lobbying for them. The last thing Congress should do is undermine this historic step forward by reviving billions of dollars in corporate welfare so special interests can continue to profit off of taxpayers. We urge lawmakers to remain focused on funding the government and protecting taxpayers – not padding the pockets of Washington lobbyists. Instead of adding corporate welfare back into the tax code, let’s look for more corporate welfare to cut.”

Freedom Partners previously launched a campaign highlighting businesses, lobbyists and politicians that threaten tax reform by trying to protect the rigged system that favors special interests at the expense of average Americans. Learn more at NoMoreCorporateWelfare.com.

 

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