Did you buy a cup of coffee this morning? Congratulations. You paid more than 55 corporations pay in taxes. And what are these corporations doing with these savings? Funding the campaigns of candidates who will continue to keep their status quo zero-tax burden. This is according to "The Price of Zero" report issued by consumer advocate organization Public Citizen. Susan Harley, Managing Director of Public Citizen's Congress Watch division, joins the podcast to discuss the report's findings, and explains how a low corporate tax burden results in increased taxes for everyone else.
55 Corporations Paid $0 in Federal Taxes on 2020 Profits (Institute on Taxation and Economic Policy)