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right now it's time for your news by the numbers
there's no talking points there's no talking head it's Justin
raw numbers in tonight's number is 10 over 10 percent
America's largest corporations paid 0 percent
in taxes this past year yes
it is true there are 57 several companies listed on the S&P 500 index
that paid in zero percent
in taxes over the past years these companies include both household names
like News Corp in Verizon
and also include companies like the gate
Public Storage and on and on and on and on
now previously written down so the gloves come had low
had a low-fat to tax rates I'll be able or affect attack to the many
middle-class families
at home in far lower are low wanna statuette the statue a corporate tax and
that is because
ogle what we call some very very smart accounting II don't blame I don't listen
I don't I'm make this very clear
I don't blame the company's for this I blame our tax code in our politicians
for this
idea you gonna be like if we took money out of politics
I agree a statement into politics and they won't be be stacked these what they
want these tax problems but it we have to the political will in our elected
officials should go to congress they go to congress to
pass bills to spend money and to levy taxes and then you pick the tax code
people like this to get away up to
organization can get away with this arm and
these companies are turning to their percent tax rate
even though they're making profit and that's because
because of creating accounting if not for the breaking the law the corporate
tax code allows companies to avoid tax liability
even in years when they turn profit some companies
what they do with the end up doing if they take this parody account for losses
in previous years in a spread out their losses
through various years also what other companies do you
is they put their summer their property offshore tax shelters
income in countries like the Grand Cayman in Switzerland
and Ireland on and on apples one of those companies
almond tax dodging cost the United States government about three hundred
billion dollars per year that the big number for you
big number but if we get private money out of our politics our our politicians
are not influenced
at altered and doctored by politicians
by our excuse me by corporations
right we do that number one a number two
number two and have we
ask our politicians to make clear and real tax
change tax reform right now there's no reason
at the secretary in Grand Rapids Michigan
should pay more taxes then horizon percentage-wise
no reason there
pure on
you know