The Progressive Pulse: On Tax Day, demonstrators seek tax equality for the 99%
media mentionPost on April 17, 2012 by Clayton Henkel
As last-minute tax filers scramble to get their taxes in by Tuesday’s midnight deadline, demonstrators gathered outside the Bank of America branch in Raleigh’s Cameron Village to protest corporate tax avoidance.
The NC AFL-CIO, MoveOn.org, and other community activists believe that Tax Day is a reminder that corporations and the super wealthy are not paying their fair share. The AFL-CIO’s Jeremy Sprinkle says that leads to cuts in vital public services and leaves working families and everyone else in the 99% stuck with the bill.
Last year, Citizens for Tax Justice and the Institute on Taxation and Economic Policy released a national study that found multiple North Carolina-based companies have been able to sharply reduce their state corporate income tax bills, often reducing them to zero in profitable years, likely costing North Carolina millions.