VANCE & WHITEHOUSE INTRODUCE BIPARTISAN LEGISLATION TO ELIMINATE TAX BREAKS FOR CORPORATE CONSOLIDATION
March 21, 2024
March 21, 2024
WASHINGTON, March 21 -- Sen. J.D. Vance, R-Ohio, issued the following news release:
The Stop Subsidizing Giant Mergers Act would end wasteful subsidy for mergers where combined average annual revenues exceed $500 million.
Senators JD Vance (R-OH) and Sheldon Whitehouse (D-RI) have introduced the Stop Subsidizing Giant Mergers Act, which would end tax-free mergers and taxpayer subsidies for acquisitions that consolidate corporate power.
"Massive corpora . . .
The Stop Subsidizing Giant Mergers Act would end wasteful subsidy for mergers where combined average annual revenues exceed $500 million.
Senators JD Vance (R-OH) and Sheldon Whitehouse (D-RI) have introduced the Stop Subsidizing Giant Mergers Act, which would end tax-free mergers and taxpayer subsidies for acquisitions that consolidate corporate power.
"Massive corpora . . .