Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.

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The New York Times:

For decades, profitable companies have been able to avoid corporate taxes. But the list of those paying zero roughly doubled last year as a result of provisions in President Trump’s 2017 tax bill that expanded corporate tax breaks and reduced the tax rate on corporate income.

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See a list of corporations that paid no taxes:

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Hospital Scam

Ever wonder how hospitals ever deviated so far from their stated goal of helping the sick? So do we. Particularly after a staffer’s experience with Dignity Health. A review of America’s disconcerting healthcare trends is enough to make you spit up your hospital dinner. It’s high time that healthcare is disrupted

This summer, we experienced firsthand what a scam America’s hospitals have become. In July, one of our staffers skidded off his bicycle. Se he decided to visit St. Rose San Martin’s emergency room, a local Las Vegas hospital. Total bill for a 90-minute wait and 30-minute exam? A whopping $3,094, excluding x-ray charges.

Did 2018 Tax Cuts Fuel the Economy?

On the heels of the tax package that gave a boost to the country’s wealthiest, corporations returned much of their tax-cut-fueled earnings back to shareholders in the form of stock buybacks and juicier dividends. Goldman Sachs said $1 trillion in buybacks, a record, were authorized in 2018. More granularly, S&P Dow Jones Indices estimated in May that corporations spent $564 billion on buybacks and $428 billion on dividends in one year through that month.

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