statecampaign

New ITEP report: Immigration reform on local budgets

What impact would immigration reform have on the economy?

A new report from Institute on Taxation and Economic Policy (ITEP) estimates that, in additional tax revenue alone, local and state governments would see an additional $2.16 billion. This is just part of the economic benefits of immigration reform, which, in total, could add $1.5 trillion for our economy over 10 years.

The study accounted for local sales and excise taxes, property taxes, and incomes taxes, as well as the estimated potential wage boost and personal income tax compliance of undocumented immigrants. The report included a state by breakdown of how states could benefit from reform, which you can see below:

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immigration
statecampaign

Real Tax Reform Should Close Offshoring Loopholes

The U.S. House held a hearing today about tax reform. Fair Share's signed on to a letter, via the FACT Coalition about what we think real reform is. Our priorities for tax reform are to make sure that every business plays by the same rules -- that large multinational compaies shouldn't be able to dodge taxes by hiding money overseas.

“Offshore loopholes and tax haven abuse cost U.S. taxpayers $150 billion per year,” explained Clark Gascoigne, Interim Director of the FACT Coalition, upon submitting the comments to the Committee.

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Tax
statecampaign

White House Budget has Major Investments Targeting Child Hunger

Though the House has refused to hold hearings on the President's budget, the White House revealed several important measures that, if adopted, would make significant progress in ending child hunger in America. On Jan. 27, the White House held an event on how we can end child hunger in America, highlighting those budget proposals.

In a statement, the White House said:

The Obama Administration is dedicated to ensuring American children and families have the support they need to build a better future, especially when weathering life’s ups and downs, such as loss of a job, illness, or work
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Hunger
statecampaign

Video: Breakfast Is the Answer

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Hunger
statecampaign

Congress: Let these offshore loopholes expire

Why would Congress want to make loopholes that let companies hide their profits overseas permanent --- loopholes that cost us $10 billion per year?

Help us remove tax loopholes from Congress’ holiday shopping list. Fair Share and our allies have just launched a petition which reads:

We, the undersigned, urge Congress to end the loopholes that reward offshore tax haven abuse and reject any attempt to cement them permanently into our already loophole-ridden tax code. Please vote to end the two offshore loopholes in the tax extender package, the CFC Look-through Rule and the Active Financing Exception, which cost us $10 billion per year.

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statecampaign
Tax
Federal

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