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Arlington, Va. — Americans for Prosperity (AFP) and Freedom Partners Chamber of Commerce 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.
AFP and Freedom Partners 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.
AFP Chief Government Affairs Officer Brent Gardner and FPCC Executive Vice President Nathan Nascimento 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.”
For further information or to set up an interview, please send an email to GBraud@afphq.org.
Americans for Prosperity (AFP) exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state, and federal level, helping every American live their dream – especially the least fortunate. AFP has more than 3.2 million activists across the nation, a local infrastructure that includes 36 state chapters, and has received financial support from more than 100,000 Americans in all 50 states. For more information, visit www.AmericansForProsperity.org