AFP Defends Unpatriotic Business Practice As Symptom Of Unfair Corporate Tax Rate

July 21, 2014

The Koch brothers are always fighting for the people. And by people, in this case, of course they mean big companies who reincorporate overseas to avoid paying U.S. taxes.

The Koch brothers and their political groups like Americans For Prosperity are constantly pontificating about the necessity to slash taxes and overhaul the current tax code. But as we’ve shown time and time again, their goal isn’t so much to help people like you as it is to help people like them. They support plans that would amount to massive tax cuts for the wealthiest Americans, while shifting greater tax burden to working families.

Well, they’re at it again. In the midst of an ongoing economic recovery from the worst recession since the Great Depression, with too many working families still struggling to get by, what is the biggest concern for the Kochs and AFP? Perhaps it’s expanding the Earned Income Tax Credit or providing credits to incentivize companies to hire the long-term unemployed?

Of course not. AFP argues that we need slash the corporate tax rate, and in doing so, they defend corporations who redomicile in other countries to avoid paying American taxes. Legislation has been proposed to crack down on that practice. But to nobody’s surprise, AFP would rather use the opportunity to champion huge tax cuts for big corporations like Koch Industries than display any semblance of patriotism.

Paid for by American Bridge 21st Century Foundation