Rep. Coffman: Plug the "Burger King" loophole

Right now, a corporation can dodge billions in taxes just because it buys a company in another country, then claims to be headquartered there. It's known as an "inversion" and it's just another way big companies can avoid paying their fair share.

Today it's Burger King, but there are a lot more companies lining up behind them.

Last month, public pressure stopped Walgreens from moving abroad. Over the last few weeks, we have put Burger King on notice about their move to Canada. Now it's time we close this loophole all together. It's time to plug this loophole, and stop companies from leaving and forcing the rest of us to pick up the tab.

We can't let big corporations continue to dodge taxes with high paid tax lawyers -- everyone should play by the same rules. How can we invest in education or job growth if large, profitable companies are scheming to avoid paying their fair share?

We have a real opportunity to close this loophole right now -- but we've got to strike while the iron is hot. With all the scrutiny being paid to this issue while Burger King is in the process of declaring itself a Canadian company, we can push lawmakers to take up the issue.

So far, Rep. Mike Coffman hasn't signed on in support of this common-sense idea -- that's why we need people like you take action.