Tell President Obama: Stop Corporate Deserters

Tell President Obama: Stop Corporate Deserters

Tell President Obama: Stop Corporate Deserters

Thanks to corporate inversions, many highly profitable companies are stiffing the United States government of billions of dollars that could be used to fund vital social programs. Tell President Obama to stop corporate deserters.

Facebook
Twitter
Email
Flipboard
Pocket

We all pay our taxes. Why shouldn’t multibillion-dollar corporations? Thanks to corporate inversions, many highly profitable companies are stiffing the United States government of billions of dollars that could be used to fund vital social programs. By buying a foreign company and reincorporating overseas, these corporations are able to avoid US taxes even while they enjoy the benefits of keeping much of their operations located here. The practice is getting more popular; currently, more than a dozen countries are plotting to change their address.

TO DO

Because politicians depend on these same tax dodgers for their campaign funds, Congress isn’t going to do anything about this problem. But President Obama has promised to do so. We need to demand that he take the strongest action possible to stop these corporate deserters. Tell the president to sign an executive order that prevents corporations from deserting America by pretending to be located offshore.

TO READ

In her column for The Washington Post, Katrina vanden Heuvel explains the politics surrounding corporate inversions and argues that we must address the “underlying disease” that ultimately allows so many powerful corporations to avoid paying their fair share.

TO WATCH

On The Colbert Report, Stephen Colbert lays out the absurdity of corporate inversions: “It’s like me adopting an African child, then claiming myself as his dependent.”

 

We cannot back down

We now confront a second Trump presidency.

There’s not a moment to lose. We must harness our fears, our grief, and yes, our anger, to resist the dangerous policies Donald Trump will unleash on our country. We rededicate ourselves to our role as journalists and writers of principle and conscience.

Today, we also steel ourselves for the fight ahead. It will demand a fearless spirit, an informed mind, wise analysis, and humane resistance. We face the enactment of Project 2025, a far-right supreme court, political authoritarianism, increasing inequality and record homelessness, a looming climate crisis, and conflicts abroad. The Nation will expose and propose, nurture investigative reporting, and stand together as a community to keep hope and possibility alive. The Nation’s work will continue—as it has in good and not-so-good times—to develop alternative ideas and visions, to deepen our mission of truth-telling and deep reporting, and to further solidarity in a nation divided.

Armed with a remarkable 160 years of bold, independent journalism, our mandate today remains the same as when abolitionists first founded The Nation—to uphold the principles of democracy and freedom, serve as a beacon through the darkest days of resistance, and to envision and struggle for a brighter future.

The day is dark, the forces arrayed are tenacious, but as the late Nation editorial board member Toni Morrison wrote “No! This is precisely the time when artists go to work. There is no time for despair, no place for self-pity, no need for silence, no room for fear. We speak, we write, we do language. That is how civilizations heal.”

I urge you to stand with The Nation and donate today.

Onwards,

Katrina vanden Heuvel
Editorial Director and Publisher, The Nation

Ad Policy
x