The United States Congress is continuing work on legislation to help curb offshore tax havens for US businesses. Congresswoman Cindy Axne tells KNIA News one of the arguments she has heard about the tax loopholes for big corporations is they are creating jobs, and any tax burden is passed on to the consumer. Axne says that argument is not sound, as it only affects a small percentage of big companies.

“What I’m hearing is that If we burden big companies with paying taxes then there are going to be some negative impact, but we don’t say that about our main street businesses who are paying their taxes? Which literally are 97% of the businesses in this country are small businesses. So we are only talking about a small amount, I’m not sure why people need to insistently defend that. There are plenty of loopholes within our tax bases for those corporations to be able to find opportunity, but offshoring them to another country so we lose out completely shouldn’t be one of them.”

Axne was featured on In Depth with Dr. Bob Leonard. Find a link to the full interview below.

https://www.kniakrls.com/2021/05/13/in-depth-congresswoman-cindy-axne-knia-and-krls-2/