Conservatives Ignore Corporate Welfare

• The right wing loves to characterize middle-class tax cuts as ‘welfare’ while complaining that corporations pay the highest income tax in the world.

• They’re wrong on both counts when you look at the effective tax rate; what is actually paid after ALL taxes are added up and all loopholes deducted.

• When ALL taxes are added up, the middles-class pays a higher percentage than billionaires do.

• When all loopholes, sudsidies and deductions are subtracted, many huge corporations pay almost nothing in taxes, some even get rebates.

• The right wing ignores this corporate welfare and continues to push a narrative they know to be completely false; that American corporations face oppressive taxation.

Memo to Fox News & the GOP: America Has the Second-Lowest Business Taxes In the World