While you pay your fair share in taxes, these giant corporations are raking in record profits and often paying little or nothing in taxes. In 2018, Amazon paid zero in federal income taxes. Zero. Nothing. And they aren't the only ones. Since the 1950s, corporate profits as a share of the economy have nearly doubled, but their federal income tax has fallen by half. So the minimum corporate tax for billionaire corporations was a common sense fix. But now Donald Trump is trying to add so many loopholes that this minimum tax basically won't exist. (06:42–06:53)
CLAIM
Asserts that corporate profits have doubled as a share of the economy since the 1950s, while their taxes have halved.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
