<div><div>           The recently announced tax deal fails on equity, providing a massive tax cut to big corporations without offering middle- and working-class families true economic security, as was achieved with the expanded, monthly Child Tax Credit (CTC) under the American Rescue Plan. Big corporations already pay little to no tax. In fact, Data for Progress polling shows that a majority of voters believe taxes on big corporations should be increased – not decreased as is proposed under the current tax deal. The tax bill expected to be on the House floor replicates the key failings of the Trump tax bill: generous tax breaks for large corporations and pennies for middle and working class families. According to the Institute On Taxation &amp; Economic Policy: 39 Corporations Paid No Federal Income Tax from 2018 through 2020 after the enactment of the Trump Tax Law (TCJA) <table><tr><td>•</td><td>Advanced Micro Devices</td><td><div class="indented">•</div></td><td>FirstEnergy</td></tr><tr><td>•</td><td>Agilent Technologies</td><td><div class="indented">•</div></td><td>Juniper Networks</td></tr><tr><td>•</td><td>Alliant Energy</td><td><div class="indented">•</div></td><td>Kinder Morgan</td></tr><tr><td>•</td><td>Ally Financial</td><td><div class="indented">•</div></td><td>Mohawk Industries</td></tr><tr><td>•</td><td>Ameren</td><td><div class="indented">•</div></td><td>NRG Energy</td></tr><tr><td>•</td><td>American Electric Power</td><td><div class="indented">•</div></td><td>Oneok</td></tr><tr><td>•</td><td>Atmos Energy</td><td><div class="indented">•</div></td><td>Penske Automotive Group</td></tr><tr><td>•</td><td>Ball</td><td><div class="indented">•</div></td><td>PPL</td></tr><tr><td colspan="2">• Booz Allen Hamilton Holding</td><td><div class="indented">•</div></td><td>Principal Financial</td></tr><tr><td colspan="2">• Cabot Oil &amp; Gas</td><td><div class="indented">•</div></td><td>Salesforce.com</td></tr><tr><td>•</td><td>Celanese</td><td><div class="indented">•</div></td><td>Sanmina-SCI</td></tr><tr><td>•</td><td>CMS Energy</td><td><div class="indented">•</div></td><td>SpartanNash</td></tr><tr><td>•</td><td>DISH Network</td><td colspan="2"><div class="indented">• Telephone &amp; Data Systems</div></td></tr><tr><td>•</td><td>Dominion Resources</td><td><div class="indented">•</div></td><td>Textron</td></tr><tr><td>•</td><td>DTE Energy</td><td><div class="indented">•</div></td><td>T-Mobile US</td></tr><tr><td>•</td><td>Duke Energy</td><td><div class="indented">•</div></td><td>UGI</td></tr><tr><td>•</td><td>Edison International</td><td><div class="indented">•</div></td><td>Westlake Chemica</td></tr><tr><td>•</td><td>Evergy</td><td><div class="indented">•</div></td><td>Williams</td></tr><tr><td>•</td><td>FedEx</td><td><div class="indented">•</div></td><td>Xcel Energy</td></tr></table>   Examples of Corporations that would Receive Tax Cuts for 2022 if Congress Retroactively Reinstates R&amp;D Expensing <ul><li>Google</li></ul> <ul><li>Apple</li><li>Meta</li></ul> <ul><li>Cisco Systems</li></ul> <ul><li>General Motors</li><li>Netflix</li></ul> <ul><li>Nike</li></ul> Twenty -Five Corporations Saved $67 Billion From Depreciation Tax Breaks During First Five Years of Trump Tax Law, 2018-2022 <ul><li>Verizon</li></ul> <ul><li>Amazon.com</li><li>Google</li></ul> <ul><li>Facebook</li></ul> <ul><li>Walt Disney</li><li>Intel</li></ul> <ul><li>Williams</li></ul> <ul><li>Edison International</li><li>Coterra Energy</li></ul> <ul><li>Pioneer Natural Resources</li></ul> <ul><li>United Parcel Service</li></ul> <ul><li>Duke Energy</li><li>Consolidated Edison</li></ul> <ul><li>Union Pacific</li></ul> <ul><li>General Motors</li><li>General Motors</li></ul> <ul><li>United Rentals</li></ul> <ul><li>Centerpoint Energy</li><li>Target</li></ul> <ul><li>Newmont Mining</li></ul> <ul><li>Entergy</li><li>Evergy</li></ul> <ul><li>Marathon Petroleum</li></ul> <ul><li>Dish Network</li></ul> <ul><li>Norfolk Southern</li><li>Pepsico</li></ul>   What House Republicans are saying about the Wyden-Smith Tax Deal </div></div>

DeLauro Says Tax Deal Repeats TCJA Flaws

DeLauro Says Tax Deal Repeats TCJA Flaws

U.S. House of Representatives

The Tax Relief for American Families and Workers Act (H.R. 7024) “replicates the key failings” of the Tax Cuts and Jobs Act because it would provide more corporate tax cuts on top of already low taxes, with little low- or middle-income relief, Rep. Rosa L. DeLauro, D-Conn., said in a January 29 release.

The Tax Relief for American Families and Workers Act (H.R. 7024) “replicates the key failings” of the Tax Cuts and Jobs Act because it would provide more corporate tax cuts on top of already low taxes, with little low- or middle-income relief, Rep. Rosa L. DeLauro, D-Conn., said in a January 29 release.

The Tax Relief for American Families and Workers Act (<a href="/lr/resolve//7j3kl" rel="noopener" target="_blank">H.R. 7024</a>) “replicates the key failings” of the Tax Cuts and Jobs Act because it would provide more corporate tax cuts on top of already low taxes, with little low- or middle-income relief, Rep. Rosa L. DeLauro, D-Conn., said in a January 29 release.