Washington Post: Fact-checking Biden’s 2021 address to Congress

In a report released in April, the left-leaning Institute on Taxation and Economic Policy (ITEP) concluded that 55 profitable companies in the Fortune 500 did not pay any federal income tax, largely as a result of the 2017 tax law, such as through deductions for investment that President Donald Trump promoted in the bill. This is actually a reduction from the year before, when the group said that 91 companies in the Fortune 500 failed to pay any federal taxes — a statistic Biden frequently cited on the campaign trail. Read more