Warren Statement on Supreme Court Oral Arguments in Consequential Tax Case
Washington, D.C. — Today, United States Senator Elizabeth Warren (D-Mass.) issued the following statement following the conclusion of oral arguments before the Supreme Court in Moore v. United States:
"After securing nearly $3 trillion in tax cuts from Donald Trump and Congressional Republicans, billionaire-backed dark money groups are coming back for another bite of the apple, threatening to upend large, bipartisan swaths of the tax code to avoid paying their fair share.
"Let’s be clear: the Moore's case is meritless. And if this extreme, far right Court chooses to overturn a century of precedent on behalf of special interests, the U.S. would lose crucial tools to hold large multinationals who offshore jobs and profits accountable. Apple and Microsoft, for example, would receive a $55 billion windfall – money that otherwise could have been invested in American families. On the whole, giant corporations stand to gain hundreds of billions in tax breaks from a ruling in their favor. A ruling in favor of the Moores would be dangerous and inconsistent with the law – and the Court, as experts on both sides of the aisle have pleaded, should firmly reject their claims."
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