John,
The Corporate Alternative Minimum Tax (CAMT) finally forced giant corporations to pay something real on the profits they report to investors. Meta’s $16 billion tax charge showed exactly how powerful the law is.[1] For years, companies like Meta used loopholes and accounting tricks to drive their tax bills down. The CAMT cut through all of that in one stroke.
The moment the law worked, the Trump administration rushed to weaken it. Instead of enforcing what Congress passed, Trump officials are undoing key parts of the tax law through backdoor regulatory changes.[2] These moves were never approved by lawmakers, and they directly benefit the corporations that pushed hardest to avoid paying a minimum tax rate. Meta has already praised the administration for rolling back the very rules that finally held them accountable.
Meta’s complaints ring hollow. They made roughly $16 billion in a single year from fraudulent and deceptive ads alone.[3] That revenue flowed in while scams targeted seniors, veterans, small businesses, and vulnerable communities. A $16 billion tax payment on tens of billions in profits is overdue.
Trump’s rollback hands Meta and other corporate giants a path back to the old system where billion-dollar corporations paid far less than their fair share. Congress never authorized the administration’s changes. The public never asked for them. Corporate lobbyists pushed for them, and Trump delivered. We cannot allow this law to be gutted just as it begins to work.
We need the resources to fight back against this corporate tax grab. Already, we’ve sent tens of thousands of messages to Congress to act. Will you donate $5 or more to help us defend the Corporate Alternative Minimum Tax and stop Trump’s illegal rollback?
Meta paid billions because the law applied equally to every company reporting more than $1 billion in profits. They did not get to hide behind loopholes. They did not get to dump revenue into the Cayman Islands. They did not get to claim phantom losses. They were required to pay 15% on the profits they show Wall Street.
That simple rule was enough to shake one of the richest corporations on Earth. If that scares Meta, good. It means the tax is working exactly as designed.
Rolling back the CAMT would reward the largest tax dodgers in the country and blow a hole in federal revenue. The Trump administration knows this. Meta knows this. Wall Street knows this. They want another decade of tax avoidance and they want it now.
We’re fighting back, rallying grassroots allies to demand Congress act. But we’re up against the lobbying machines of massive corporations like Meta and its fellow billionaire firms.
Donate now to power our campaign to defend the CAMT before Trump hands corporations another tax-dodging victory.
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Let’s defend the Corporate Alternative Minimum Tax and stop these illegal rollbacks before they become permanent.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta
[2] How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
[3] Meta is earning a fortune on a deluge of fraudulent ads, documents show
