by John Tamny
The American Institute for Economic Research
“Not a penny. That’s not right. And my economic plan will change that.” So said President Biden on September 16th in typically mawkish fashion. Biden was referencing a list produced by the Institute on Taxation and Economic Policy that revealed – gasp – 55 corporations that didn’t pay taxes in 2020.
Naturally the list has given the 46th president a fit of the vapors, and by extension, some political talking points. Did anyone expect someone as unoriginal as Biden to not jump all over this misleading news?
Those reporting on the President went along with this most ridiculous of narratives about companies that allegedly don’t pay taxes. To those who don’t know any better, that some large U.S. corporations paid a very low or zero rate of taxation in 2020 is a sign that the tax code is rigged to help them evade taxes altogether. Get out your pitchforks!