Don’t You Wish You Had Similar Tax Loopholes

— by Roberta Lange, Chair, Nevada Democratic Party

12.6% — that’s the effective federal tax rate the average corporation paid in America. I don’t know about you, but that’s a heck of a lot less than the rate I paid when I filed my taxes this week. I’m more than happy to pay my fair share — I appreciate having a military to keep us safe, roads to move commerce and Social Security to help protect our seniors. All I’m asking is that the wealthiest pay their fair share.

The top 1% of this country get tax breaks we could only dream of. Corporations can deduct private jet depreciation and oil companies get special subsidies. Flash traders on Wall Street line their own pockets by gaming the system and passing the cost along to retirement and pension funds that hard-working Americans depend on. Outrageously, corporations can deduct lawsuit settlements from their taxes, rewarding their bad behavior. Can you imagine if we were allowed to deduct speeding tickets from our taxes?

With loopholes like this, it’s no wonder billionaires like the Koch Brothers are spending hundreds of millions to support Republicans. The GOP is a do-nothing party — and that’s exactly what the Koch Brothers want. They want to keep oil subsidies going while the tax burden on the average American family increases.

Democrats are fighting to bring fairness to our nation’s tax system. But we’re up against the very deep pockets of the Koch Brothers and other dark money Super PACs. We’re in deep trouble without your financial support.  Your money gets used efficiently to go after Republicans. We maintain one of the best voter files in the country and hire organizers to target voters based on sophisticated models. Our research, communications and new media team is constantly churning out new attacks on Republicans — but they can’t do it with the support of dedicated Democrats like you.