Kyle Kulinski
@seculartalk·2.1M subscribers·24.1K videos
55 Huge Corporations Paid ZERO Taxes
Posted
April 10, 2021
Views
50,652
Likes
3,740
Comments
678
Engagement
8.72%
April 10, 2021
50,652
3,740
678
8.72%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:22Now PlayingSupport The Show On Patreon!:
Subscribe to Krystal Kyle & Friends On Substack!:
NEW YORK — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits.
More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on Taxation and Economic Policy. The group believes the tax system needs to raise more tax revenue.
The 55 companies named in the report issued Friday cross many industries, from agriculture to high tech, and they include such big names as Nike, FedEx and Duke Energy. The report says the companies took advantage of breaks that were preserved or expanded under President Donald Trump's 2017 overhaul of the tax code, as well as the economic rescue package that Washington passed last spring.
Follow Kyle on Twitter:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
