End Tax Breaks to Prisons – Portland Day of Action – Prison Industry Divestment Movement

pdxreit The Portland Prison Divestment Coalition invites you to a canvass and educational event as part of the 2016 National Week of Action for Prison Divestment (April 17th to 23rd).

The Week of Action launches a national campaign to end to tax breaks for for-profit prisons. Private prison companies Corrections Corporation of America and GEO Group evaded a combined $113 million in 2015 due to their recent classification at Real Estate Investment Trusts (REITs).

The Congressional Joint Tax Committee has the power to revoke REIT status from private prisons, and Oregon Senator Ron Wyden is the ranking Democrat on that committee. The Prison Divestment Coalition will be calling on Senator Wyden to step up and lead efforts in Congress to end tax breaks for prison corporations.

The Portland action will take place Thursday April 21st at Holladay Park, beginning with a training and canvass to raise awareness of the issue at 11:00am, and a brief speaking event at 12:30pm.

About us

Enlace, in partnership with community groups and unions across the US, is calling on all public and private institutions to divest their holdings in Corrections Corporation of America (CCA) and GEO Group, America’s largest private prison corporations which have profited from billions in taxpayer money. The major investors in the private prison industry include Wellington Management Company, Wells Fargo Bank, General Electric, FIdelity Management, Capital Research Global Investors and others.