President Trump’s tax plan is giving $10 million to environmental groups — whether he likes it or not.
Outdoor clothing company Patagonia has pledged to donate the money it’ll save from Trump’s corporate tax break to initiatives that help the planet.
“Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year — $10 million less, in fact,” Patagonia CEO Rose Marcario wrote on Linkedin.com. “In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet. Our home planet needs it more than we do.”
The President has been harshly criticized for his position on environmentalism, which included his choice last week to deny the findings of a 1,600 page National Climate Assessment report from his own administration warning of catastrophic consequences if the U.S. doesn’t take action.
“One of the problems that a lot of people like myself, we have very high levels of intelligence, but we’re not necessarily such believers,” Trump told the Washington Post last weekend. He argued that the nation’s air and water are “at a record clean.”
Marcario cites that report in her statement, and also boasts Patagonia has “always paid our fair share of federal and state taxes,” which is a sensitive topic for Trump.
Last month, The New York Times published a damning report claiming Trump had “participated in dubious tax schemes during the 1990s, including instances of outright fraud” and further accused him of “helping his parents dodge taxes.” The President has repeatedly refused to release his personal tax forms since announcing his candidacy in 2015.
“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,” Marcario wrote.
Patagonia plans to donate its $10 million savings to groups that protect air, land and water as well as organizations dedicated to regenerative organic agriculture, which she says “may be our greatest hope for reversing the damage done to our overheated planet.”