Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

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Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups
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By edhat staff

Patagonia, the Ventura-based outdoor clothing company, is donating the $10 million it saved from Trump's tax cuts to non-profit environmental groups.

Last year Republican's passed an overhaul of the U.S. tax code greatly benefiting corporations, downgrading their corporate tax rates from 35% to 21%.

Last week Patagonia stated the massive donation is in addition to their annual non-profit donation of 1% of sales. The $10 million was added after the recent National Climate Assessment, the company cited in its announcement.

"Our government continues to ignore the seriousness and causes of the climate crisis. It is pure evil," said Yvon Chouinard, Patagonia's founder. "We need to double down on renewable energy solutions. We need an agriculture system that supports small family farms and ranches, not one that rewards chemical companies intent on destroying our planet and poisoning our food. And we need to protect our public lands and waters because they are all we have left."

The government report warned that natural disasters are worsening in the U.S. because of global warming. It stated violent weather and floods have led to costs of nearly $400 billion since 2015 and the potential for annual losses hundreds of billions of dollars. Though economists agree with the general financial conclusions related to climate change, President Donald Trump has rejected the report's assessment regarding the potential economic impact, reports NBC News.

Describing themselves as champions of public lands and the outdoor industry, Patagonia has joined several lawsuits challenging Trump's decision to chop up two large national monuments in Utah.
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Flicka Dec 05, 2018 09:54 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

FITNESS1, to heck with 401s when the poor, unemployed probably don't have them. The idea of the tax cuts, bandied about by the GOP, was stated it would let these big companies hire more workers, cutting unemployment. You know, the bogus "trickle down" theory.

a-1545024231 Dec 05, 2018 10:57 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Flicka, it's not as glamorous as being an ex-columnist but do you want a job and low cost of living? Head to Ohio. Lots of jobs that pay well ($18-25/hr) with no experience required. Rent on a nice 3/2 is less than $1000. You can buy that same house for less than $225k. Utilities are virtually nothing. Companies are begging for honest, stable, and reliable workers. And yes, the same companies provide their employees with a 401k. Other than the indigent and those that can't hold a job (late/drunk/angry/etc), there is virtually zero unemployment in central Ohio. Please get out of your SB bubble and listen to something other than the garbage "news" on the MSM.

EastBeach Dec 04, 2018 10:39 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Kudos to Patagonia and Yvon Chouinard. In case you missed it in the article, the $10M donation is on top of the annual donation (1% of gross sales!) they make as part of One Percent for the Planet which in turn supports non-profit organizations focused on sustainability issues. ......... https://www.onepercentfortheplanet.org/

Luvaduck Dec 04, 2018 09:11 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Chouinard was/is a climber and outdoorsman. He understands all living things depend on a viable and sustainable environment. The current DC politicians don't and won't until it bites them. Then they'll retire to their self-contained, climate-controlled survival units (with private armies to keep everyone else out) and discover that over time, they're as useful as 50's bomb shelters. Earth is like a row-boat: Drill a hole under seats you don't like and the whole boat goes down sooner or later.

Factotum Dec 03, 2018 10:48 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

The environmental groups should donate the money to the victims of the Paradise-Camp Fire, which had been exacerbated by environmental obstructionists who prevented basics like installation of firebreaks, access roads and clearing dead trees and highly flammable underbrush.

SantaBarbaraObserver Dec 04, 2018 10:52 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

re: You do realize that the world is not binary? Or is that too hard of a concept for you to comprehend? If you're not with me, you're against me! Am I right? Keep paying mind to your chosen charlatans and keep listening to people who are neither schooled nor experienced in policy, science or life preach to you as if they are all knowing. All to fatten their wallets and retain their celebrity... You do know that you're being played right? Oh never mind. Bless your heart.

a-1545024231 Dec 04, 2018 09:57 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

To think that there are people that believe there is any actual difference between Republicans and Democrats. Woke? That's hilarious. When the DNC nominates someone that is actually anti-war, pro-human rights, and pro-sustainable environmental concerns (not subsidized current-generation junk like wind farms and solar panels) you might consider the Dems as "woke". Until then, you'll get more hypocrisy and pablum from *both* parties. BTW, many libertarians and open-minded Dems like Tulsi Gabbard for these reasons. Watch her get crucified by the DNC...

SantaBarbaraObserver Dec 04, 2018 09:23 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Wow, a rare sighting in these parts. An actual Fox News / Hannity / Limbaugh parrot living among the "woke". Be sure to get back to us in a few years Bob. I for one will be interested in your learned assessment once we've washed ourselves of the most asinine, insipid, demagogue to ever rule our nation. To think, people actually believe a word that man says. That fact alone makes one question humanity and our nation's future...

rustydad Dec 04, 2018 06:53 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

I've personally walked the beaches from Goleta to Gaviota. Twenty miles of beach all open to the public which owns them. And non are "trashed". And non have cars and trucks aimless lee driving back an forth (illegally) on them like what the owners of the Hollister Ranch Subdivision do. Let's hope that some of Patagonia's donation goes to the folks fighting for access to our beaches.

horsegirl Dec 03, 2018 04:48 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

I am so torn on the Hollister Ranch issue. On one hand I would love for the access to be open, but on the other hand people just trash and destroy everything available to them. I kind of like the idea that it is rugged and pristine but that’s just me

a-1545024231 Dec 03, 2018 04:37 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Hollister Ranch is an amazing place. But the California constitution says that access to its beaches is a ciizen's right. Hollister Ranch will lose in court, just like those property owners have in Malibu and elsewhere. That Yvon and other ranch owners are fighting against our rights is indeed pure evil.

EastBeach Dec 04, 2018 10:58 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

@FITNESS1 that's a skewed way to look at Trump's tax breaks. Point 1 - by all metrics that economists use, the tax breaks have not offset the huge federal deficits they created. Point 2 - providing all businesses with tax breaks, whether they be privately or publicly held doesn't guarantee like returns to shareholder - trickle-down economics doesn't work. Point 3 - not all Americans have 401(k) accounts. Point 4 - a large percentage of 401(k) account holders don't have them funded to sufficient levels so won't benefit as you'd like to think ....... https://www.nytimes.com/2018/10/17/business/trump-tax-cuts-revenue.html

Fitness1 Dec 04, 2018 10:29 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Flicka, every American invested in a 401(k) retirement fund is a stockholder in multiple companies. The value of your 401(k) fluctuates with the stock market/stock prices. Other financial products such as the Pax World Fund allow you to invest in environmentally responsible companies. It really pays off (no pun intended) to read the info you get from your retirement fund and mutual fund managers. Increasing stock dividends or 401(k) values benefits everyone in the long term.

a-1545024231 Dec 03, 2018 03:57 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

I'm sure Yvon Chouinard considered this (tax deductible) gift long and hard while taking in the view from his 100 acre coastal home in Hollister Ranch. Yvon, please also voice your support for providing coastal access to all citizens. Gated enclaves that prevent constitutionally-protected coastal access are also "pure evil".

a-1545024231 Dec 06, 2018 08:40 AM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Chouinard lives in a pretty modest place at Faria Beach, not at the Ranch. All the owners there are not in favor of keeping it private, believe me. And Patagonia gives 1% of sales every year to environmental groups. Not of profits, of sales. That's a bundle.

a-1545024231 Dec 03, 2018 08:36 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

And they will repair that for you. Of course everything polluted. You even existing is pollution. But we should be praising these companies that try to mitigate their damage. They have done a lot of research into alternative and least-damaging materials. They are a hell of a lot better than the cast majority of the fast fashion and other clothing suppliers.

a-1545024231 Dec 03, 2018 04:47 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Their motto is “the best jacket you can get is one that’s already made.” They recycle their used products and fix them with their worn wear program. They also create products that last an exceptionally long time and are not something you have to buy and throw away every year. Patagonia is the best example of a responsible company.

ginger1 Dec 03, 2018 01:43 PM
Patagonia Gives $10 Million in Trump Tax Credits to Environmental Groups

Patagonia is a company that reflects the positive values that foster happy employees, satisfied customers, respect and dignity for their international workers and real work toward environmental sustainability. It shows that it IS possible to be profitable and do good for society. Kudos to Patagonia! Now PLEASE open an outlet in Santa Barbara. Again.

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