Reduce the National Debt: Close Corporate Tax Loopholes

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Our nation can significantly reduce the deficit by closing corporate tax loopholes and limiting the unfair tax breaks for the wealthiest Americans. Not only would Senator Patty Murray’s budget reduce the deficit, it would take an important step to increase investments in early learning and home visiting programs, giving more children access to the prekindergarten, child care, Head Start and Early Head Start opportunities they need to succeed in school, more parents the support they need to work, and our economy the skilled workforce it needs to prosper.

Senator Murray’s budget would also protect Social Security and most core safety net programs, including SNAP/Food Stamps, Temporary Assistance to Needy Families, and Supplemental Security Income, which are especially important to women who are at greater risk of poverty than men at all stages of their lives. It would permanently extend the improvements in the Child Tax Credit and Earned Income Tax Credit that lift millions of women and children out of poverty. And it would expand access to affordable health insurance and preventive care services by providing funding to implement the Affordable Care Act.

Also, Senator Patty Murray’s budget would close corporate tax loopholes and limit unfair tax breaks for the wealthiest Americans. It calls for tax reforms that would raise $975 billion in revenues needed to support critical programs and help reduce the deficit.

Source: National Women’s Law Center

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