Business Insider: Biden roasts 55 companies like Nike and FedEx for paying less in taxes than the price of a cup of coffee

To make the case, he’s referencing one of his favorite talking points when it comes to the corporate tax: Multinational corporations who paid $0 in income taxes. An April report from the left-leaning Institute on Taxation and Economic Policy found that 55 corporations including Nike and FedEx paid no federal income taxes on their 2020 profits, despite raking in nearly $40.5 billion in pretax income. Read more