Corporations must pay tax.
Sentiment: NEGATIVE
One in four corporations doesn't pay any taxes.
I think we're pretty much where we need to be on corporate taxes.
I hope people understand that when you tax corporations that the concrete and the steel and the plastic don't pay. People pay. And so when you tax corporations, either the employees are going to pay or the shareholders are going to pay or the customers are going to pay. And so corporations are people.
Before Congress cuts funding for Head Start, Social Security, and financial aid for college, we have got to make sure that large, profitable corporations are paying their fair share of taxes.
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.
Yet, individuals and corporations in Puerto Rico pay no federal income tax.
Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it's OK.
I'll tell you who doesn't have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws.
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