The president also blasted companies paying little or no federal taxes without naming them. He cited a recent report from the left-leaning Institute on Taxation and Economic Policy that found 55 US multinational corporations paid $0 in income taxes last year. That roster included household names like FedEx, Nike, and HP among others.
April 7, 2021
Business Insider: Biden Wants a 28% Corporate Tax Rate Because He’s ‘Sick and Tired of Ordinary People Being Fleeced’
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.