Bill 117 hr 7684, also known as the No Tax Breaks for Radical Corporate Activism Act, is a piece of legislation currently being considered in the US Congress. The purpose of this bill is to prevent corporations from receiving tax breaks or incentives if they engage in activities that can be considered radical or extreme.
The bill specifically targets corporations that participate in activities such as funding or supporting violent protests, promoting extremist ideologies, or engaging in activities that undermine the stability and security of the country. The goal of the bill is to ensure that taxpayer dollars are not being used to support corporations that engage in actions that are harmful to society.
If passed, the No Tax Breaks for Radical Corporate Activism Act would require corporations to certify that they are not engaging in any of the specified radical activities in order to be eligible for tax breaks or incentives. Failure to comply with these requirements could result in the loss of tax benefits for the corporation.
Supporters of the bill argue that it is necessary to hold corporations accountable for their actions and prevent taxpayer dollars from being used to support harmful activities. Critics, however, raise concerns about the potential impact on corporate freedom of speech and the potential for the bill to be used as a tool for political targeting.
Overall, the No Tax Breaks for Radical Corporate Activism Act is a controversial piece of legislation that aims to address the issue of corporations engaging in radical activities while receiving tax benefits. Its fate in Congress remains uncertain as lawmakers continue to debate its merits and potential consequences.