I researched corporations that do not pay taxes and how they do it and it is shameful. Many of them are PAC donors. Some examples: Bank America, Citi, Goldman Sachs, Exxon, Conoco, Boeing, Fedex, GE, etc. Some of these had billion dollar profits and received billion dollar credits!! Bank America had $4.4 billion in profits and received a $1.9 million tax credit. All are donors to both parties and not just the ones running for President. Eric Cantor receives donations to his campaign from the Wall Street banks.
This blows the theory out of the water that the U.S. is over taxing for businesses to stay in the U.S. and not go overseas. I mean how much lower can one get than getting a credit??
Some of these tax breaks are actually received by moving jobs overseas. ?????!!!!!!
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