Author: David Kass Published: 2/18/2026 American For Tax Fairness
Ronald,
A new report from the Institute on Taxation and Economic Policy reveals that Meta, Amazon, Alphabet, and Tesla avoided a combined $51 billion in federal income taxes last year following the passage of Trump’s so-called One Big Beautiful Bill Act.[1]
During the same period, these companies reported massive profits to shareholders. Stock prices climbed. Executive compensation soared. Stock buybacks enriched investors. Yet through expanded deductions, stock option write-offs, accelerated depreciation, and offshore tax rules embedded in Trump’s law, their effective federal income tax rates plunged.
This is the corporate tax system Republicans defended and permanently extended. It allows some of the most profitable companies in the world to contribute far less than working families and small businesses relative to what they earn.
Meanwhile, billionaire wealth has exploded to more than $8 trillion since the 2017 Trump tax law, an increase of over $5 trillion.[2] Corporate profits are strong. Executive pay remains sky high. Yet Congress still claims there is no money for child care, housing, nutrition assistance, or healthcare.
Tell the House and Senate to end these corporate tax breaks and make Big Tech pay its fair share.
When lawmakers reward their corporate allies with massive tax breaks, the cost does not disappear. It impacts everyone else through higher family costs, exploding deficits, pressure to cut public services, and deeper inequality.
This report’s findings show how the rules were structured to benefit the largest firms with armies of tax lawyers and accountants. Smaller businesses cannot hire teams of advisers to exploit stock option deductions or complex international loopholes. Families cannot defer income into offshore subsidiaries.
This pattern has consequences. Since the 2017 tax scam, corporate tax collections as a share of the economy have fallen sharply even as profits remain elevated. At the same time, policymakers moved to extend provisions that overwhelmingly benefit shareholders and executives.
Congress has the authority to close these loopholes. It can reform stock-based compensation deductions. It can tighten international tax rules. It can strengthen the corporate minimum tax. It can end the giveaways that allow enormously profitable corporations to sidestep billions in federal taxes.
Let’s keep pushing Congress to close these loopholes and demand that enormously profitable corporations finally pay their fair share.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Four Big Tech Companies Avoid $51 Billion in Taxes in Wake of One Big Beautiful Bill Act
[2] Billionaire Wealth Tops $8 Trillion Amid Federal Shutdown
Paid for by Americans for Tax Fairness Action Fund