Elizabeth Warren's Warning About The Coming Corporate Tax Giveaway
"Warren began by describing how lobbyists and corporate CEOs are swarming Congress and saturating the media with a pitch that says corporations are paying too much in taxes, that this is forcing corporations to flee abroad and the solution is to slash corporate tax rates. This story of overtaxation is told and retold. Warren says there is just one problem with this: "It’s not true." Actually, on average corporations only pay 20 percent of their income in taxes. Some pay zero. Boeing, GE, and Verizon paid nothing in 5 years while reporting $80 billion in combined profits."
