U.S. corporations have $2.1 TRILLION in profits stashed offshore – most of it in tax havens. As long as this money is offshore corporations avoid paying U.S. taxes on it. That means the rest of us have to make up the difference.
Congress should require these companies to pay the hundreds of billions of dollars that they owe on these offshore profits in tax havens. This is money desperately needed to make classrooms less crowded, rebuild roads and bridges, find new medical cures, and make America energy independent.
If we close tax loopholes for corporations that ship jobs and hide profits offshore, we can raise hundreds of billions of dollars to reinvest in America.
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