News Release

Trump and Corporate “Inversions”

2dba7e8c-7408-4818-affe-17f8313af09eERIC LeCOMPTE, via Greg Williams, greg at jubileeusa.org, @jubileeusa
LeCompte is executive director of Jubilee USA Network and Williams is communications director for the group. Jubilee USA Network is an alliance of more than 75 U.S. organizations, 400 faith communities and 50 Jubilee global partners.

In a statement Friday morning, the group states: “Republican Presidential candidate Donald Trump criticized the practice of corporations moving their headquarters overseas in name only to avoid U.S. taxes during the presidential debate [Thursday night] in South Carolina. Trump called these corporate ‘inversions’ ‘one of the biggest problems’ facing the United States. Democratic presidential candidates have also criticized the practice. According to the Congressional Joint Committee on Taxation, inversions could cost the U.S. government nearly $20 billion over the next ten years.”

LeCompte said today: “It’s clear the issue of inversions crosses party lines. This is an issue where Congress can work together and solve a problem that affects all of us.”