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Letter to the Editor: Fund Our Schools, Close Corporate Tax Loopholes

This letter to the editor was submitted by Jason Pfeifle, field organizer with Georgia Fair Share.

As reported recently, Georgia Gwinnett College is facing a budget cut of $2.7 million, a cut that could lead to more furlough days for faculty and staff, reduced library hours for students, and a hiring freeze.  At a time when Georgia Gwinnett College is growing and expanding, this proposed cut would be a huge blow to its ability to provide the kind of education that these college students deserve.

There is a relatively simple solution to this problem.  If we close the corporate tax loopholes that allow highly profitable corporations to avoid paying their fair share, we could generate the kind of revenue it would take to avert these proposed cuts.  The state of Georgia loses approximately $569 million each year because corporations frequently move the profits they’ve made in our country to off shore tax havens, like the Cayman Islands, where the corporate income tax rate is zero.  Not only is the state losing money that could be used to fund higher education and other social programs, but it also simply isn’t fair that corporations can use our infrastructure and skilled labor force without having to pay the same tax rate on their profits as small business owners do.

It’s time for Rep. Rob Woodall to demand that corporations pay their fair share so that we can solve our budget problems, fund our schools, and level the playing field for small businesses.

Jason Pfeifle
Field Organizer, Georgia Fair Share
108 E. Ponce de Leon Ave. Suite #210
Decatur, GA 30030

Karsten Torch February 16, 2013 at 03:33 PM
Good letter, I commend the effort to prop up our schools. However.... Would it not make more sense for us as a country to get rid of the corporate income tax altogether? It does nothing but make businesses change their numbers around so that they can pay lower tax rates elsewhere. Plus, getting rid of corporate taxes would give us more money in our coffers. Let me explain my though process here, somebody let me know where I'm wrong. Corporations can only do limited things with revenue. One, pay employees. Two, buy supplies, technology, and otherwise prop up their infrastructure. Or three, expand their operations. That's pretty much it. Holding money in accounts does corporations no good. They will pay employees by either paying them more, hiring new, or paying out bonuses. And in any of those ways, we as a country make more money. Spent any other way, there's either sales taxes or income taxes paid, and the economy gets a boost. Having a corporate tax rate at all is purely confiscatory, running off companies from our shores and pushing them elsewhere. We already have the highest corporate tax rate for any developed nation in the world. How is enforcing that high rate going to really help us in the end?

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