Exxon Dodges Taxes, But Calls on US to Spend More on Education

Misleading‏

Kaytee Riek, SumOfUs.org (us@sumofus.org)

  

From:	Kaytee Riek, SumOfUs.org (us@sumofus.org)This sender is in your safe list.
Sent:	Sat 3/16/13 12:09 PM

Exxon is putting out misleading ads saying it cares about education -- all the while, it's skipping out on half its tax bill, putting publicly financed education at risk. Tell Exxon to really support education by donating its ducked taxes to the Department of Education.

Exxon has some gall. The company is running a slick ad calling on the US to invest more in education, while it’s skipping out on half its tax bill, costing our country billions annually.
Exxon knows the benefits of government investment in education, but the company doesn’t want to pay for it. Instead, it’s paying millions for ads calling for us to pump more money into education. “The more you invest in teachers, the better our students will perform.”
Well, we’ve got a solution for Exxon. If the world’s most profitable company paid its full tax bill, the Department of Education could increase its budget a whopping 14%. That's why we're partnering with RootsAction to tell Exxon it’s time to put its money where its mouth is and invest in education.
Exxon: Put your money where your mouth is and invest in teachers. Donate your ducked taxes to the Department of Education.
The corporate income tax rate is 35%. Thanks to creative use of loopholes and subsidies, Exxon pays nearly a third of that. This leaves billions on the table at a time when we need every dollar. It's time to put serious pressure on Exxon to pay the six billion dollars in taxes it’s been ducking out on since 2008.
CEOs are starting to see what their dogged tax avoidance is actually buying them -- a weaker country with not enough money for vital infrastructure and basic education. Exxon knows the importance of investing in education -- and after making over $100,000,000 in profits every single day in in 2012, the behemoth is one of the few institutions to actually be able to put its money where its mouth is, and make the investment in education that our students deserve.
Click here to join RootsAction and SumOfUs.org on calling out Exxon so that the oil giant doesn’t get away with this two-faced hypocrisy.
Thank you for being one of us,
Kaytee, Claiborne and the team at SumOfUs.org