On the recordDecember 19, 2001
I bring you another Christmas story. Long ago, many highly profitable corporations paid zero in Federal income tax. Ebenezer Scrooge rejoiced. But the American people insisted that we pass a corporate alternative minimum tax so that no matter what loopholes a profitable corporation exploited, it still had to pay a minimum tax of 20 percent of its economic income. Today, Ebenezer cynically dresses as Santa Claus. He is pretending to bring relief for Tiny Tim. But actually he is delivering the virtual repeal of the corporate alternative minimum tax, delivering presents to the largest and richest corporations in America. In doing so, he will take $13 billion away from Social Security and imperil the retirement of Mr. Cratchit. Bah, humbug.
Source
govinfo.gov
