REPUBLICANS PERMIT IT, DEMOCRATS PERMIT IT. CORPORATIONS RUN THEM BOTH
CBS, Xerox, and Time Warner pay ZERO in taxes. In fact, they get money back! In 2014 alone, CBS raked in $235 million in tax refunds. Xerox got $16 million. Time Warner, $26 million.
Every single year, we’re told that we need massive cuts to services we all need - education, Social Security, scientific research, Medicare - to pay down our national debt.
There are 6 loopholes in tax law that make it possible for the world’s most profitable corporations to pay nothing in taxes, then turn around and rake in millions of dollars — your tax dollars! — in refunds.
These loopholes must be closed, and they must be closed now.
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