Press Release
Civil Rights Orgs Urge Capitol Hill to Oppose Tax Breaks for Wealthy Corporations Unless Congress Provides Relief for Working Families
11. 16. 2022
National Civil Rights and Racial Justice Organizations join together in signing letter to House and Senate Leadership
Washington, DC – Economic Security Project Action applauds the nation’s leading racial and economic justice organizations for demanding that lawmakers on Capitol Hill oppose any new tax breaks or tax break extensions for wealthy corporations in any year-end legislation unless Congress provides relief for working families by restoring the expanded, monthly Child Tax Credit.
In a letter to House and Senate Leadership led by The NAACP Legal Defense and Educational Fund, The NAACP, The Leadership Conference on Civil and Human Rights, The National Urban League, and UnidosUS, these advocates for the expanded, monthly child tax credit wrote:
“As Congress considers year-end legislation, corporations have pushed Congress to delay scheduled corporate tax increases that are due to go into effect this year. Policymakers should not put corporate interests ahead of the interests of children. We urge Congress to expand the CTC in order to benefit children in low-income families, and not move forward with any corporate tax breaks unless they are paired with an expansion of the CTC.”
Below is a statement from Adam Ruben, Director of Economic Security Project Action.
“At Economic Security Project Action, we are proud to support the NAACP Legal Defense and Educational Fund, The NAACP, The Leadership Conference on Civil and Human Rights, The National Urban League, and UnidosUS for demanding that leadership on Capitol Hill oppose any new tax breaks for wealthy corporations unless they provide relief for working families through restoring the expanded Child Tax Credit. Having kept over nine million Americans out of poverty last year, these monthly checks were not only the nation’s most effective antipoverty effort for Black and Brown kids in a generation, they could be the most immediate, meaningful, and direct tool to help families afford the rising cost of living in the United States. We have an incredible opportunity to bring these monthly checks back to families through Congress’ year-end budget process. With the support of the nation’s leading racial and economic justice organizations on our side, we’re confident we can get this done.”
The full letter can be found here.
For more information about the Economic Security Project Action, visit: economicsecurity.us.