Corporate welfare is just infuriating, especially when so many of these companies are involved in lobbying against climate change while they’re polluting this country and others.\u00a0 This list was compiled by Senator Bernie Sanders, an independent from Vermont. While regular workers are facing inflation, loss of their jobs, foreclosure, and frozen wages, our international corporations are evading taxes. No wonder there’s supposedly no money for the EPA or education or health care\u00a0 — it’s all going to Exxon and other corporate thieves.\u00a0 Some of them don’t just avoid paying taxes, they actually get huge refunds!\u00a0 From Sanders’ website. 10 worst corporate income tax avoiders 1)\u00a0\u00a0\u00a0\u00a0\u00a0 Exxon Mobil made $19 billion in profits in 2009.\u00a0 Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings. 2)\u00a0\u00a0\u00a0\u00a0\u00a0 Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion. 3)\u00a0\u00a0\u00a0\u00a0\u00a0 Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from [...]<\/p>\n","protected":false},"excerpt":{"rendered":"
Corporate welfare is just infuriating, especially when so many of these companies are involved in lobbying against climate change while they’re polluting this country and others.\u00a0 This list was compiled by Senator Bernie Sanders, an independent from Vermont. While regular … Continue reading