Economics

Poverty, Treasure Islands, and Global Tax Dodgers

Bahamasphoto © 2010 John Hilliard | more info (via: Wylio)
As Christians concerned about poverty, it is time to turn our full attention to the injustices of an "offshore tax system" that enables corporations and the wealthy to dodge taxes and impoverish countries around the world.

As members of Congress in the United States debate deep and painful budget cuts, people of faith should raise our voices against an unfair system that enables profitable U.S. corporations to dodge taxes, depleting an estimated $100 billion from the U.S. Treasury each year. Instead of cutting $1 trillion over the next decade from programs that assist the poor and ensure greater opportunity, we should eliminate these destructive tax gimmicks.

Recent reports show that aggressive tax dodgers such as General Electric, Boeing, and Pfizer, avoid billions in taxes a year. They use accounting gymnastics to pretend they are making profits in offshore subsidiaries incorporated in low- or no-tax countries like the Cayman Islands, thereby reducing their tax obligations in the United States. This system is unfair to domestic businesses that have to compete on an un-level playing field.

Will Politicians Listen to Pastors?

The way you think and feel about the world is shaped by what you see when you get out of bed in the morning. I remember hearing this from civil rights activists. It simply means that perspective is hugely determined by place, context, and vantage point. This is profoundly true for me and most of the people I've ever met. You see the world from the place you live.

Part of the problem in the current budget impasse in Washington, D.C. is the perspectives of the politicians in the debate. Every morning they see and hear each other; the gladiator ring of national politics; the Washington media; their donors; their ideological base; and their latest poll ratings.

Listen to Your Pastors: 4,000 of Them Want a Moral Budget

As the federal debt ceiling standoff threatens to cause an economic catastrophe for our nation, more than 4,000 pastors across the country are opposing proposed immoral budget cuts that harm the most vulnerable people in their congregations and communities. An open letter to Congress and the president ran today as a full page ad in Politico. (You can view the ad and full list of signers here.) We were amazed by the huge response this letter generated. We hoped to find 1,000 pastors willing to speak out with us, and in just 2 weeks more than 4,000 clergy joined our campaign.

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