Concerned citizens and progressive activists from Stand Up! Chicago launched a task force called the “99% Citizen Tax Enforcers” earlier this week with the goal of presenting tax bills to the richest corporations in America. The tax enforcers made their debut outside of the Exelon Plaza in the Chicago Loop on Monday donning black suits, sunglasses, and briefcases. They poured out of a van to deliver Exelon’s tax bill as board members of the quarter-trillion dollar company met upstairs.
“We’re here to deliver a fair ‘tax bill’ to [CEO] John Rowe and Exelon,” said one enforcer. “It shows that Exelon owes the 99% $895 million in taxes.”
Protesters also gathered outside chanting “pay your fair share” and hoisting an eight-foot tall puppet of CEO John Rowe.
“We’re here because we’re two weeks from tax day, when we will all pay our fair share of taxes,” said protester John Hayes. “Exelon made $2.5 billion in profits in 2010 and didn’t pay a dime in taxes. In fact, they got a refund of over 914 million of our tax dollars.”
Security officers stopped the tax enforcers as they tried to enter the building and deliver their bill standing about three and half feet tall. One of them grabbed the bill and crumpled it up.
“That’s one way to crunch the numbers in favor of the 1%,” said Hayes according to a press release. “But however you do the math, the fact is that Exelon doesn’t pay their fair share of taxes. And it’s time that they did, so working families don’t have to suffer for their greed.”
Stand Up! Chicago cites a report from the Citizens for Tax Justice showing Exelon paid no taxes in 2010. Instead they received a tax refund of nearly $1 billion. The group further analyzed those numbers and believes it cost Illinois $38 million in 2010.
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