The budget agreement that President Obama lashed together late last week in the face of a government shutdown will take away billions of dollars in federal funding from vital public services. But while Washington tells needy Americans to tighten their belts, some of the country’s most profitable corporations aren’t paying their fair share of taxes. What’s most galling is the fact that the revenue the government stands to take in from these taxes could go a long way toward filling the gaps the budget compromise will punch in important public programs.
This fact isn’t lost on Senator Bernie Sanders: it is grossly unfair to cut funding for transportation, housing and community development programs, Sanders argues, while corporations not only skirt their tax responsibilities but also get tax refunds from the federal government. Here are seven corporations on Sanders’s list of the worst corporate income tax avoiders.
Credit: AP Images