Political Quotes

“I am struck by the lack of compassion for the fact that Enron, for 4 out of 5 years with record profits, never paid a single corporate income tax, yet was the recipient of $250 million worth of export-import loans, or corporate welfare. I do not see anybody shedding any moral indignation about Enron not paying corporate taxes for 4 out of 5 years. WorldCom, which recently declared bankruptcy and defrauded many of its shareholders, recorded $12.5 billion in profits, and yet 2 out of 3 years never paid any corporate taxes. Yet on this side not a voice is raised out of concern for the fact that corporations who have not paid taxes get many tax credits and benefits. They pay no incomes taxes, and yet they continue to receive taxpayer-funded government contracts, whether that be MCI or Enron. Exxon Mobile recently reported, if I am not mistaken, $12.3 billion in their quarterly income, yet received a $25 billion tax credit. To do what? Drill for oil. I thought that was what their business was. I thought that was what they were supposed to do.”