April 21, 2017

Van Hollen Will Fight Any Effort to Make it Easier for Corporations to Invert

Today U.S. Senator Chris Van Hollen spoke out against President Trump's new executive order, which would review all tax regulations issued in the last year of the Obama Administration. A key regulation from that period curbed the practice of corporate inversions - when companies shift their tax obligations onto American workers and families simply by moving their mailing address overseas.

Senator Van Hollen led the charge against inversions in the House of Representatives, introducing legislation to end the practice. He also worked closely with the Obama Administration as they made it harder for companies to invert. This regulation could come under attack under President Trump's new order.

"So much for putting America first. With today's executive order, President Trump continues to prioritize special interests over working families," said Senator Van Hollen. "I will fight tooth and nail against any efforts to make it easier for corporations to move their tax address overseas - and leave American taxpayers on the hook for billions of dollars in corporate tax obligations. We need to close this loophole and stop this egregious practice, not make it easier."