The "progressive tea party" has been born. Inspired by the UK Uncut movement, the popular revolutions sweeping through North Africa, and articles in the Nation and Washington Post, activists in Mississippi, Chicago, New York, California, Maine, Oklahoma, North Carolina, Washington DC and elsewhere have started US Uncut to mobilize against corporate tax cheats who are costing America billions of dollars each year and forcing the government to propose deep cuts to vital services and pay freezes for hardworking families.
The IRS estimates that individuals and corporations currently hold $5 trillion in tax haven countries. Nearly two-thirds of corporations pay no taxes at all, and the great vampire squid, Goldman Sachs, which received $10 billion dollars in taxpayer money during the bailout, negotiated their tax rate down to one percent. The entire tax haven scam costs taxpayers as much as $100 billion per year.
I was honored to be invited to speak at Occupy Wall Street on Thursday night. Since amplification is (disgracefully) banned, and everything I said had to be repeated by hundreds of people so others could hear (a.k.a. "the human microphone"), what I actually said at Liberty Plaza had to be very short. With that in mind, here is the longer, uncut version of the speech.
US Uncut, an organization working to stop corporations from getting away with tax-dodging, has been organizing actions across the country all weekend, and there are still dozens of actions going on today. Check out the list here to get involved.
As a voice at the megaphone of the Portland protest said, "The United States does not have a deficit problem. The United States has a revenue problem." According to a 2008 report by the Government Accountability Office, 25 percent of the biggest corporations pay no federal income tax. B of A, the recipient of $45 billion in bailout funds, shuttles its would-be tax dollars into 115 offshore tax havens. Meanwhile, budget deficits are cited as justification for pay freezes for public workers and cuts to heating assistance programs, Social Security, and other social safety nets.