CLOSE THE TAX LOOPHOLE REFORM THE REVERSE MORRIS TRUST
Submitted by vic bala on January 8, 2010 - 1:07pm.
| |
Dear Speed Matters Activist,
 Right now we've got a great chance to close the corporate tax loophole that lets phone and Internet companies bank hundreds of millions in tax savings by putting your service at risk.
U.S. Representative Paul Hodes (D-NH) has announced he will introduce legislation that would reform the Reverse Morris Trust (RMT), an obscure loophole that lets companies like Verizon avoid hundreds of millions in taxes by dumping their assets on smaller, weaker companies.
This legislation is crucial to protect consumers like you. If the RMT loophole remains open, then Verizon and other companies could expand their efforts to dump their landlines -- jeopardizing phone and Internet service across the country.
Help close the RMT loophole and stop this from happening -- click here to send a letter urging your member of Congress to co-sponsor Rep. Hodes' legislation:
http://www.unionvoice.org/campaign/loophole
When Verizon and other companies exploit the RMT loophole, they earn hundreds of millions while consumers like you lose out.
That's because the small companies that acquire the phone and Internet lines often don't have enough resources for upkeep and expansion. If they can't maintain good service or invest in next-generation technology, then their customers may miss out on the latest 21st century services.
We've seen this exact scenario play out before in states like Maine, New Hampshire, and Vermont, , where the company that took control of Verizon's landlines went bankrupt and is backing out of commitments to expand broadband and quality service.
Don't let this tax loophole put your phone and Internet service at risk. Tell your member of Congress to co-sponsor Rep. Hodes' legislation to reform the RMT -- click here to speak out now:
http://www.unionvoice.org/campaign/loophole
Thank you for standing up for consumers across the country.
Sincerely,
 Beth Allen
Online Mobilization Coordinator
Speed Matters
|
|
|
