US News: Biden Wants Corporate America to Pick Up the Tab On His Infrastructure Plan

Moreover, a study by the Institute on Taxation and Economic Policy of the effects of the 2017 tax cuts found that 379 companies with combined profits of nearly $766 billion paid effective corporate tax rates on average of 11.3%. Some 91 companies, including household names like Delta Airlines, FedEx, Amazon and Eli Lilly, paid no tax or received refunds. Many of the companies paying little or no taxes were clustered in the industrial, energy or related industries. Read more