Every Company Must Pay Their Fair Share

February 04, 2011

Economist Dean Baker, co-director of the Center for Economic and Policy Research, wrote in The New York Times Wednesday that loopholes allow many corporations to pay relatively few taxes.

“Corporations typically pay less than a quarter of their profits in taxes, making the U.S. a relatively low tax country. Having a high tax rate and then filling the code with loopholes is a way to support the loophole industry, it is not good economic policy.”

While governments across the nation struggle to balance their budgets, it’s time that every company pay their fair share. AFSCME is on the alert for wasteful contracts, special-interest tax breaks and corporate subsidies that weaken government’s ability to provide quality public education, access to health care, decent transportation systems, and safe and healthy families and communities.