Earlier this week: “Congressman Brad Schneider @repschneider and Congressman Brian Fitzpatrick @repbrianfitz introduced a bill that would prevent US firms and individuals from claiming foreign tax credits for taxes paid to the Russian government.” ~ @b4ukraine 🇺🇦👏💙💛🙏🇺🇸
#Repost @b4ukraine with @use.repost_
🇺🇸 US Lawmakers Introduce Bipartisan Bill to End Foreign Tax Credits for Companies Paying Taxes to Russia
Congressman Brad Schneider @repschneider and Congressman Brian Fitzpatrick @repbrianfitz introduced a bill that would prevent US firms and individuals from claiming foreign tax credits for taxes paid to the Russian government.
“For more than twelve years, Russia has carried out an unprovoked war of aggression against Ukraine,” said Schneider. “All of Europe and the US must stand with the Ukrainian people. We cannot allow companies that finance Russia’s regime and continue Putin’s illegal war to get a tax break. I’m glad to work with my colleague Rep. Fitzpatrick to hold Russia accountable, stand with our ally Ukraine, and protect our nation’s security.”
“America’s tax code should never reward those who help bankroll the enemies of freedom. Every dollar paid to the Kremlin strengthens Vladimir Putin’s war machine and prolongs his brutal assault on Ukraine. The HONOR Act sends a clear message: companies that choose to finance tyranny will not be subsidized by the American taxpayer. We will stand with the Ukrainian people, defend the free world, and confront Russian aggression with the strength and resolve it demands,” said Fitzpatrick.
Thank you, Congressmen, for your consistent leadership in support of Ukraine! 💙 💛
@mondelez_international, @pepsico, @proctergamble, @marsglobal, @cargill, @weatherfordcorp
#ExitRussia #StopFundingTheWar
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