April 7, 2021

Salon: America’s Biggest Corporations Paid No Federal Income Taxes Last Year: Study

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According to a new study, conservative policies look to have helped a handful of large companies mooch off the federal government in 2020.

The Institute on Taxation and Economic Policy, a progressive think tank, revealed in a report last week that no fewer than 55 of America’s biggest businesses did not pay any federal corporate income taxes in the most recent fiscal year. This is in spite of the fact that they netted hefty pretax profits in 2020, a development that the think tank attributes to decades of tax policies that benefit the wealthy. They specifically singled out two policies enacted under President Donald Trump as exacerbating the problem.

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