Corporate America S Love Affair With The Gop Is Alive And Well Opinion
The deal has proven beneficial to both sides, although not to the American public. Campaign spending has soared, while corporate taxes have shriveled. In the 1950s, corporations accounted for about 40 percent of federal revenue. Today, they contribute a meager 7 percent. Last year, more than 50 of the largest U.S. companies paid no federal income taxes at all. Many haven’t paid taxes for years. Both parties have been in on this deal, although the GOP has been the bigger player....