One of the top priorities for Republicans this year has been to preserve and extend corporate taxbreaks. This includes GOPers like former Minnesota governor Tim Pawlenty and Rep. Louie Gohmert (R-TX) who have eagerly defended corporations like Bank of America, ExxonMobil, and GE which have avoided paying a dime in corporate income taxes in recent years, but rake in huge annual profits.
Another one of those companies making millions in profits but failing to pay any corporate income tax is Arch Coal. In 2009, for instance, the corporation netted over $42 million, yet was able to use tax loopholes and gimmicks to avoid contributing anything in corporate income taxes.
ThinkProgress asked Gingrich about these corporate tax-dodgers this week at a St. Patrick’s Day breakfast in Nashua, New Hampshire. Gingrich defended Arch Coal and other corporations who avoided paying income taxes because “they don’t owe that” to the U.S. government. Striking an anti-populist note, the former House Speaker also praised the fact that even though many corporations were avoiding taxes, their employees would still be forced to contribute to the government’s coffers.
Saturday, March 19, 2011
Because, like, you know... they're poor.
I like it that the HardRight isn't even trying to hide it's disdain for workers anymore. Now what we need is to encourage the Republicans to run national referenda cutting the minimum wage.
In the meantime...
Gingrich Says We Should ‘Celebrate’ Corporate Tax Dodgers, Argues Employees Should Pay Instead
Posted by Mpeterson