Patagonia Giving Away Its Trump Tax Cut

Patagonia announced that it is giving away the $10 million dollars it received from Trump’s “middle class tax cut” – a tax cut that actually benefited corporations and rich individuals.

Rose Marcario, Patagonia’s CEO, stated:

We have always paid our fair share of federal and state taxes. Being a responsible company means paying your taxes in proportion to your success and supporting your state and federal governments, which in turn contribute to the health and well-being of civil society. Taxes fund our important public services, our first responders and our democratic institutions. Taxes protect the most vulnerable in our society, our public lands and other life-giving resources. In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet.

Patagonia’s founder, Yvon Chouinard, added:

Our government continues to ignore the seriousness and causes of the climate crisis. It is pure evil. We need to double down on renewable energy solutions. We need an agriculture system that supports small family farms and ranches, not one that rewards chemical companies intent on destroying our planet and poisoning our food. And we need to protect our public lands and waters because they are all we have left.

Patagonia said that it will give the money to groups actively working to find solutions to the climate crisis. These monies will be in addition to the annual contribution Patagonia makes to 1% for the Planet.

You can read more here.

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Author: Tom

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