SANDERS, WARREN CALL OUT FEDEX FOR PAYING $0 IN TAXES AFTER TRUMP CUTS

[Uncle Joe]

(snip)

The progressive 2020 hopefuls responded to a Sunday New York Times report that detailed how FedEx was able to reduce their federal taxes from $1.5 billion to $0 in just one year. The corporate mail titan used aggressive Washington lobbying tactics and vowed to boost capital investment as they pushed Trump and Republicans to approve his $1.5 trillion tax cut from 2017. Sanders and Warren have both made the cozy relationship between Trump and corporate America--at the expense of the average taxpayer--a central campaign focus.

(snip)

Link to tweet

(snip)

The Times report lays out how companies like FedEx never followed through on their promise to more heavily invest if they received tax windfalls from the federal government. "If anything, the companies that received the biggest tax cuts increased their capital investment by less, on average, than companies that got smaller cuts," the authors noted. FedEx founder and chief executive Frederick Smith claimed in 2017 on The Larry Kudlow Show that the U.S. would see a "renaissance of capital investment" if corporations received massive tax breaks--something the Times revealed has never happened.

(snip)

Sanders has long lamented how Trump's failure to release his tax returns and reveal that he potentially paid nothing in income federal income tax is evidence of the corruption and corporate cronyism his campaign seeks to fight.

(snip)

https://www.newsweek.com/fedex-bernie-sanders-elizabeth-warren-blast-zero-federal-taxes-trump-tax-cuts-1472277

[Voltaire2]

1. Leave the giant global corporations alone!

Demonizing global corporation makes us look small. We are better than this.

Just keep taxing the peasants. They know they are powerless and already pay taxes on everything everywhere.

[InAbLuEsTaTe]

2. Leave it to the Bernie/Elizabeth team to take on Wall Street tax evaders.

Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!

[PhoenixDem]

4. Did FedEx break any laws?

You beef is with the republicans - not corporations.

[rpannier]

5. Wrong! My beef is with corporations like Fedex

They underpay employees, treat them poorly and use their money to lobby for more breaks and lobbyists to cry their tears of how mean the left is to them

[PhoenixDem]

6. Did they break any laws? n/t

[rpannier]

7. Don't care. They deserve every bit of derision heaped upon them

Companies that engaged in child labor around the world were often not breaking laws. Oligarchs in places like Russia are not breaking Russian laws. But what they do is still morally corrupt and indefensible.
But please, feel free to defend their practices.

[InAbLuEsTaTe]

9. Precisely the point!!

Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!

[TheFarseer]

15. What's wrong with Republicans?

They are corrupt and take campaign contributions to cut taxes for corporations, right? So who corrupted them?

[Hassin Bin Sober]

3. How are we going to pay for it!?!?!

[InAbLuEsTaTe]

10. LMFAO!!

Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!

[JudyM]

13. He shoots, he scores!

[Joe941]

8. As well they should. Bernie is just on a roll.

And the polls are showing that too!

[InAbLuEsTaTe]

11. Yup, Bernie has stolen Joe's mo'!! Go Bernie!!

Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!

[JudyM]

14. Welcome to DU, Eradri!

Nope, nothing about it is fair. Except to the execs and shareholders.