Los Angeles Times: Democrats are ready to raise taxes, but not by nearly enough

They write off executive stock options, take advantage of federal research and development subsidies, and use accelerated depreciation schedules to write off the decline in the value of equipment faster than the equipment actually loses value. According to the nonpartisan Institute on Taxation and Economic Policy, 26 profitable corporations paid no income tax or recorded a negative tax rate since the 2017 tax cut bill. Among them are FedEx, Duke Energy and Nike. Read more