According to the Institute on Taxation and Economic Policy, at least 88 of some of the largest corporations—including Tesla, Coinbase, and Palantir—made more than $105 billion in 2025. But they paid zero dollars in federal income tax because of the Republican’s One Big Beautiful Bill Act. Collectively, billionaires added $1.5 trillion to their wealth in 2025 alone—a 22 percent increase in just one year.
April 23, 2026
Sen. Dick Durbin Comments on Government Funding and Tax Breaks
Institute on Taxation
and Economic Policy
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