The net effect of corporate tax dodging is that by every key measure—share of state revenue, share of GDP, or effective rate—state corporate income taxes have been steadily declining. This creates pressure to raise other taxes, disproportionately borne by working families. This corporate-backed push for disinvestment of America’s public sectors is a early warning signal. ALEC’s agenda is not that of employers committed to their surrounding communities. It resembles that of a company planning to cut and run.This tax dodging agenda was driven by the country’s premier corporate lobbies, Fortune 500 corporations that have participated in ALEC. .For the first time, many of the country’s most powerful political actors are companies that may be headquartered in America but don’t primarily depend for their profits upon the fortunes of American society."
At www.epi.org
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