Memphis Coffee Party Progressives Joins US Uncut's Growing Movement to Make Corporate Tax Dodgers Pay Up
A group of concerned citizens from Memphis are joining US Uncut groups in more than 50 U.S. cities, with a planned protest at the corner of Poplar and Highland on Saturday (April 16th), to make the connection between corporate tax dodging and the budget cuts in Tennessee.
Activists from Memphis Coffee Party Progressives and Memphis Uncut will confront corporations like FedEx, GE, Exxon & Bank of America over their failure to pay their fair share while citizens of Tennessee suffer huge budget cuts at both the federal and state levels. Inspired by national and international protests to hold corporate tax cheats accountable, the protest will creatively call out these corporations for contributing to budget cuts.
Corporate tax cheats are bankrupting America. Many of America’s largest corporations are making profits in America but barely paying taxes – if at all – due to overseas tax haven abuse and other tax loopholes. Memphis Uncut is a group of citizens who pay their fair share, organized to show corporate tax cheats that there will be consequences for their actions.
• Offshore tax havens cost U.S. taxpayers $100 billion per year. That shortfall costs the average taxpayer $500 a year. (U.S. Senate subcommittee on investigations)
• Two-thirds of US corporations paid no federal income taxes at some point between 1998 to 2005. (Government Accountability Office)
• States collectively face another $100 billion budget gap for FY 2012. Over the next decade, President Obama has proposed nearly $1 trillion in social program cuts; House Republicans recently unveiled a plan to slash $4 trillion, with cuts largely to social safety nets such as Medicare and education. [Center for Budget and Policy Priorities, New York Times]
WHAT: Memphis UNCUT/Tax Protest
WHEN: Saturday, April 16th, 11 AM
WHERE: Poplar & Highland
Coffee Party Progressives