Patagonia Donates the $10 Million it Saved in Tax Cuts Toward Saving The Planet

Patagonia’s billionaire founder says he’s spending the millions he saved through Trump’s “irresponsible” corporate tax cuts to protect the environment Trump’s corporate tax cut — from 35% to 21% — saved Patagonia $10 million last year. Patagonia’s founder calls the tax cut “irresponsible” and is sending his piece of the pie back to the planet. In a press release , the eco-friendly outdoor clothing company called the tax cut “a windfall for the oil and gas industry.” “Our home planet needs it more than we do,” the release says. “Our home planet is facing its greatest crisis because of human-caused climate disruption. All the extra heat we’ve trapped in the earth’s atmosphere is not only melting the poles and raising sea levels, it’s intensifying drought and accelerating the extinction of species. The most recent Climate Assessment report puts it in stark terms: the U.S. economy could lose hundreds of billions of dollars, and the climate crisis is already affecting all of us. Mega-fires. Toxic algae blooms. Deadly heat waves and deadly hurricanes. Far too many have suffered the consequences of global warming in recent months, and the political response has so far been woefully inadequate.” A big chunk of […]

Click here to view original web page at Patagonia Donates the $10 Million it Saved in Tax Cuts Toward Saving The Planet