Nov 19, 2018
Freedom Partners and AFP Urge Congress to Oppose Tax Extenders
Post by Freedom Partners
Arlington, VA — Freedom Partners Chamber of Commerce and Americans for Prosperity (AFP) sent a letter to Congress today urging them to oppose the renewal of currently-expired tax extenders that keep our system rigged to benefit the connected few at the expense of everyone else.
Freedom Partners and AFP argue in its letter that the tax extenders are harmful corporate welfare deals similar to the $2.2 billion in corporate handouts offered to Amazon last week to influence their selection of a new headquarters.
FPCC Executive Vice President Nathan Nascimento and AFP Chief Government Affairs Officer Brent Gardner wrote:
“The $2.2 billion in tax incentives that Amazon will receive is dwarfed by the billions in special tax credits, deductions and carve outs that could be on the table the coming weeks for racehorse owners, electric vehicles, motorsports complexes, and other favored special interests. This would be in addition to the more than $11 billion in corporate welfare tax handouts that Congress retroactively renewed earlier this year for Hollywood TV and film companies, rum distillers, and even more.
“Legislation like this rigs the system for the powerful and connected few at the expense of everyone else, and undermines what little trust Americans have in our political institutions and elected officials. The corrosive impact that the routine renewal of these carve outs has on our economy was one of the problems that tax reform was intended to fix.”