Groundwork’s Lindsay Owens Reacts to Warren Tax Speech: “Senator Warren just laid down a critical marker for the tax fight in 2025”
June 17, 2024
Groundwork’s Lindsay Owens Reacts to Warren Tax Speech: “Senator Warren just laid down a critical marker for the tax fight in 2025”
Today, Senator Elizabeth Warren (D-MA) delivered a speech on the upcoming 2025 tax fight at an event by the Washington Center for Equitable Growth where she argued for strong, progressive tax reform when the Trump tax law expires. Groundwork Collaborative Executive Director Lindsay Owens reacted with the following statement:
“Senator Warren just laid down a critical marker for the tax fight in 2025 – if Democrats do not want to get rolled by corporations once again, they must stiffen their spines and pursue a dramatically different approach.”
“To build the America we want to see, we must finally force corporations and the wealthy to pay up.”
Email press@groundworkcollaborative.org to speak with a Groundwork expert about the upcoming 2025 tax fight.
BACKGROUND
- Since the 1950s, corporate profits as a share of the economy have nearly doubled. But their federal income tax bill as a share of the economy has fallen by half. This is due to a corporate tax rate that’s been slashed from 52% to 21% and is riddled with loopholes.
- Citing the 2025 expiration of parts of the Trump tax law, more than 100 leading civil society groups, from labor unions, to civil rights, health care, housing, small business, women and care organizations, have urged Congress to reform the tax code so that the rich and corporations pay more and greater investments go to the things our country needs.
- Lindsay Owens authored a recent op-ed, “Trump’s Corporate Tax Cuts Paved the Way for Inflation,” where she argues that the upcoming expiration of Trump’s tax law is an opportunity to crack down on the corporate profiteering that’s driven inflation.
