George Miller: “the Republican tax plan announced yesterday takes us back to the days of yesteryear, when 130 of the 250 largest…”

“the Republican tax plan announced yesterday takes us back to the days of yesteryear, when 130 of the 250 largest corporations in America paid no income taxes in spite of having profits of $72 billion prior to 1986; 130 of these corporations paid no taxes in 1 or more years. The Republicans are repealing the alternative minimum tax for corporations and, once again, these corporations will not have an obligation to the people of this country. As they shift the jobs overseas, they will pay no taxes in America. Prior to 1986, Burlington Industries paid no taxes in 2 out of 4 years; Burlington Northern, 2 out of 4 years; Adolph Coors, 1 out of 5 years; Lockheed, 4 out of 5 years; Mitchell Energy, 4 out of 5 years; General Dynamics, 4 out of 5 years; the Grumman Corp., 4 out of 5 years paid no taxes, yet they earned $72 billion. Do Members want to know why middle-income taxpayers are paying more taxes? Because the Republicans are going to let the American corporations off the hook for over $13 billion in taxes.”