Dec 04, 2017

Congress Should Hold Firm Against All Corporate Welfare – Including Special Breaks for Nuclear, Fossil Fuels

Post by Freedom Partners

Arlington, VA – As Congress moves ahead on historic tax reform, Freedom Partners continues to urge lawmakers to hold firm against a final push by lobbyists and special interests to secure additional credits and carve outs for select industries and corporations. Reports from Axios that the nuclear and coal industries are working on a “multi-billion dollar” tax credit should underscore why rooting out all corporate welfare and unrigging the tax code is so important.

Freedom Partners executive vice president Nathan Nascimento issued the following statement:

“We continue to urge lawmakers to eliminate as much corporate welfare as possible, whether that’s handouts to green energy companies or special tax breaks for nuclear energy or fossil fuels. Every tax dollar that goes towards padding the profits of well-connected special interests is a dollar that doesn’t go towards easing the burden on ordinary taxpayers. If politicians want to help lower and middle-income families, they should make it their long-term mission to cut corporate welfare, stop reckless spending, and push tax rates even lower.”