14 Major Unions Press Neal To Strengthen U.S. International Tax Laws
Washington, D.C. — In Case You Missed It, 14 national labor unions sent a biting letter last week to House Ways and Means Committee Chair Richard Neal. The letter urges Neal to strengthen the U.S.’ international tax laws to raise revenue that can pay for the spending of a multi-trillion-dollar reconciliation bill. The unions stress that tax laws should be changed to better support American workers rather than ultra-ultra-wealthy earners and corporations.
Q2 2021 hedge fund letters, conferences and more
Unions Push To Sstrengthen The U.S.' International Tax Laws
“Our members live and work in every congressional district in the country, and they expect their representatives in Congress to take action now to fix the broken system that puts their jobs at risk,” notes the letter.
The unions also “slam 11 House Democrats in their letter, including some on the Ways and Means Committee that wrote to Neal earlier in August urging him to wait until talks on a global minimum tax are resolved to address international tax reforms.”
“Their position, simply stated, is that the United States should not fix a broken tax system that rewards multinational corporations for moving jobs and profits overseas unless the Estonians and the Irish give their permission,” the letter said.
The union letter closes with an urgent plea to Neal “not to waste this opportunity to stand up for American workers. Our members won’t accept excuses while their jobs are on the line.”
Click here, for a copy of the union letter.
Updated on
Source valuewalk
