Independent Vermont Sen. Bernie Sanders is criticizing Republican efforts to cut social spending at a time when many of the nation’s largest corporations are paying nothing, or almost nothing, in federal income tax. Sanders has released a list of the 10 worst corporate income tax avoiders. Companies include Exxon Mobil, Bank of America, General Electric, Chevron, Boeing, Valero Energy, Goldman Sachs, Citigroup, ConocoPhillips and Carnival Cruise Lines. In the case of General Electric, the company has made $26 billion in profits in the United States over the past five years. During that time, it has received over $4 billion in tax refunds from the IRS.
10 worst corporate income tax avoiders – http://sanders.senate.gov/newsroom/news/?id=67562604-8280-4d56-8af4-a27f59d70de5
“We have a deficit problem. It has to be addressed,” Sanders said, “but it cannot be addressed on the backs of the sick, the elderly, the poor, young people, the most vulnerable in this country. The wealthiest people and the largest corporations in this country have got to contribute. We’ve got to talk about shared sacrifice.”