US Senator Bernie Sanders – it’s a scandal that many corporations pay no taxes, then receive IRS refunds!
March 30, 2011 – US Senator Bernie Sanders speaks to the Senate.
Exxon Mobil, Bank of America, GE and other giant corporations paid no U.S. taxes despite billions in profits. In fact, they pocketed big IRS refunds. It’s a scandal, Sen. Bernie Sanders told colleagues on Wednesday. As congressional leaders and the White House haggled over how many billions of dollars to cut spending on programs for working families, Bernie tried to broaden the debate. He compiled a top-10 list of tax-dodging corporations. “Maybe we have to reduce that deficit not simply on the backs of working families, low-income people, the children, the sick, the elderly. Maybe, maybe we might want to call for shared sacrifice. Maybe Exxon-Mobil and some of the large oil companies might be asked to pay something in taxes.”
Sen. Sanders’ 10 worst corporate income tax avoiders.
- Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to