Democratic Senate Majority Leader-in-Waiting Charles Schumer of New York has joined with Ohio Republican Senator Rob Portman to propose a "territorial" tax system, under which corporations would pay a much lower tax rate on profits made outside America. Sounds commonsensical, right? It's not -- corporations, as we know, already exploit plenty of loopholes to shift profits overseas even if that money gets made here, and the "territorial" system would give a competitive advantage to the big corporation, which surely doesn't need any more advantages than our tax code already gives them, and thus screw over the small business. We have lately witnessed Burger King turn itself into a Canadian corporation just to avoid American taxes, though it didn't uproot all its franchises and move them north of the border in the process. Taxing offshore corporate profits at a lower rate is no way to induce corporations to stop shifting their profits overseas -- it's a way to give welfare handouts to corporations, nothing more. So CREDO helps you tell your Congressfolk to oppose the Schumer-Portman "territorial" tax proposal.
Meanwhile, Arizona's two U.S. Senators have successfully slipped a massive mining corporation land grab into a defense appropriations bill. We've heard about this before -- the Oak Flat area, in the Tonto National Forest, is a sacred area for Apaches, who hold coming-of-age ceremonies there, and it has enjoyed federal protection since the Eisenhower years. But it's also been a target of the Rio Tinto mining corporation for at least a decade, and Rio Tinto has not only been a major financial contributor to the McCain and Flake campaigns, but Sen. Flake himself was a lobbyist for Rio Tinto before being elected to the House. But H.R. 2811, the Save Oak Flat Act, would simply repeal the section of the 2015 Defense Appropriations Act that gave up Oak Flat. Hence the Sierra Club helps you tell your Congressfolk to support the Save Oak Flat Act. As we speak, the land hasn't transferred over to Rio Tinto, and the McCain/Flake rider only made it into the defense bill because it was, you know, very last-minute, and didn't enjoy the positive benefits of public scrutiny. But it's not too late to fix that.