June 14, 2019

CNBC: Joe Biden’s Twitter fight with Amazon perfectly sums up the battle over America’s new tax code

media mention

Biden’s tweet linked to a New York Times story that cited data from the left-leaning Institute on Taxation and Economic Policy on companies that earned billions of dollars last year but paid no federal taxes. The analysis showed that Amazon topped the list, with pretax profits of nearly $11 billion. In fact, the group found the company actually enjoyed a negative tax rate of 1.2 percent, thanks to a $129 million income tax rebate. Read more