July 18, 2011

The following corporations made billions in profits but had a negative tax rate, that is they got money back or scored tax benefits: General Electric, American Electric Power, DuPont, Verizon Communications, Boeing, Wells Fargo, Fed Ex and Honeywell International. This is outrageous but it gets worse, Boeing paid no taxes in the past three years and its representative went to Congress on June 2^nd of this year and demanded a cut in the corporate tax rate.

Billionaire companies think its okay to make the middle class pay taxes and not them. The Great Recession has highlighted in inequities between the rich and large corporations. That's good but now we must do something about it.

Corporate welfare must stop. We can't afford it and its unfair.

Also, make it a treasonable offense to avoid paying taxes below 15 percent. Since each corporation now has the same rights as a person, charge them and take it from there.

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Reference: http://thinkprogress.org/economy/2011/06/01/232686/12-major-corporations-taxes/ and

http://waysandmeans.house.gov/UploadedFiles/Zrust_testimony.pdf