Teamsters

North America's Strongest Union

Shining the Light on Corporate Tax Breaks

Today, Teamsters President James Hoffa sent a letter to the Governmental Accounting Standards Board (GASB) in support of greater disclosure and financial transparency of tax abatements by state and municipal governments.

"We need a more accurate accounting of tax abatements over the long term to “effectively bargain with our members’ governmental employers and to advocate for sound public policies that benefit our members working in the construction of infrastructure,” Hoffa said. “We need this information to hold policymakers accountable for protecting the financial resources needed to fund public services and infrastructure projects.”

Read the President Hoffa's letter to the Governmental Accounting Standards Board here.