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ICAN Tax Day Rally: Close offshore tax havens for large corporations

Residents from the Ames area gathered at the Post Office on Wednesday, April 15 to show their support for President Barack Obama's plan to restore fairness to the tax code by closing offshore tax havens for large corporations. Major US corporations avoid as much as $100 billion a year in federal taxes by hiding profits in foreign countries.

According to a US PIRG report*, (www.uspirg.org) released at the event, this loophole results in over $722 million in additional tax burden for taxpayers here in Iowa.

Sue Dinsdale, an Organizer with Iowa Citizen Action Network commented, "We've seen a couple of so-called tea-parties here in Iowa. I would ask those organizers a simple question. If they are truly concerned about paying higher taxes, do they agree with us that it is outrageous that Iowa taxpayers are paying almost three quarters of a million dollars more in taxes thanks to these offshore tax havens for Corporate America? And will they join with us today in calling on Congress to pass President Obama’s plan to make big corporations finally pay their fair share by shutting down these Corporate tax havens down once and for all?

REPORTS RELEASED:

Iowa's state consumer protections for individuals in the health insurance market lead to the growing problem of the uninsured. Click here to read this report.

The proposed 2008 budget released by the President will have far reaching impacts on Iowans if enacted. Read more about it in this report, "First Things First."

Second in series of ECAP Reports: "Are We Investing in our Children?" A State of the State Report on Iowa’s Children

Iowa Needs Adequate Funding in The 2007 Labor HHS Education Appropriations Bill

First in series of ECAP Reports: "Are We Investing in our Workers?" A State of the State Report on Iowa’s Workers

Iowa Needs Adequate Funding in The 2007 Labor HHS Education Appropriations Bill

Does Work Pay?

A report on the status of housing affordability in Iowa, from the Iowa Coalition on Housing and the Homeless.

We Must Invest in Iowa's Future

ICAN and USAction release report demonstrating that new investments in the areas of education, health care, and energy policy are necessary to address the unmet needs of Iowans.