Among the excerpts from Rep. DeLauro:
Our tax system is broken. Working families are forced to pay far more in taxes as a percentage of their wealth, while massive, multi-billion dollar companies routinely game the system to avoid paying any taxes at all.
The Institute on Taxation and Economic Policy (ITEP) just released a report detailing 88 corporations that made more than $100 billion in profits but did not pay a penny – not one penny – in federal income tax. These are companies like: Tesla; Southwest Airlines; United Airlines; Live Nation Entertainment, which by the way, a jury found had a harmful monopoly over big concert venues for years; CVS Health; Yum! Brands – Taco Bell, Pizza Hut, KFC; and Disney.
