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Mon Nov 23, 2015, 06:30 PM

Warren’s Warning About The Coming Corporate Tax Giveaway


https://ourfuture.org/20151119/must-watch-warrens-warning-about-the-coming-corporate-tax-reform


“It’s not that taxes are far too high for giant corporations, as the lobbyists claim. No, the problem is that the revenue generated from corporate taxes is far too low.”

– Senator Elizabeth Warren

Senator Elizabeth Warren gave a “Change Is In The Air” speech Wednesday, talking about corporate tax reform. If there was ever an Elizabeth Warren speech to see, it is this one.

Warren began by describing how lobbyists and corporate CEOs are swarming Congress and saturating the media with a pitch that says corporations are paying too much in taxes, that this is forcing corporations to flee abroad and the solution is to slash corporate tax rates. This story of overtaxation is told and retold.

Warren says there is just one problem with this: “It’s not true.”

(snip)
Warren said the amount of money the giant corporations have stashed outside the country in tax havens – and the tax bill they would owe – is staggering.

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