From our New England correspondent this morning:
A group of large corporations are involved in a spurious "Fix the Debt" campaign. They're demanding reductions in corporate taxes. A new "Flip the Debt" group, organized by students, is countering their efforts with an information campaign to reveal how much corporations themselves owe in taxes.
The group kicked off two weeks ago with the launch of a 'debt clock' and rally in New York City. The clock has thus far calculated that at least $2.3 trillion has been stolen by corporations and the top 1% (heavily represented within Fix the Debt) who exploit "loopholes, tax havens and tax cuts." That figure, according to the group, grows by nearly $100 billion annually.
Laying out the goals of the group, Flip the Debt co-founder Gan Golan said, "We will disrupt Fix the Debt meetings across the country to elevate our message that the biggest corporations in the country aren't paying taxes, and now they want the rest of us to pay for it."
On their website, the group adds: “We wouldn’t have to make these cuts, and we could invest in putting America back to work, if only [corporations] pay their fair share. So we say, rather than ‘fix the debt,’ let’s ‘flip the debt’ and put responsibility where it belongs. Hey 1%! Pay your damn taxes.” ...CommonDreams