1972 Compared News Today

America. this is yet another way to claim a tax break, and its a tax break these corporations should never be getting in a fair society. so theres a lot of talk about more revenue. every democrat should be on board with this bill. lets turn to senator bernie sanders of vermont. senator, great to have you with us tonight. appreciate your time. >> good to be with you, ed. >> your bill tackles a number of issues, a number of problems. explain how the corporations are keeping profits offshore for us...

Corporations in terms of their profits now, their rate is at 12%. the lowest since 1972. compared to europe, our corporate contribution to the tax revenue is the lowest of any major country on earth. so the question is how do we deal with that? and one way we deal with that is we say that it is absurd for large corporations to be able to stash huge amounts of money in countries like the cayman islands, which have a zero tax rate. they have no real presence there at all. all they have is a mailbo...

Wait a second, as youve just indicated, one out of four profitable corporations pays nothing in taxes. corporations in terms of their profits now, their rate is at 12%. the lowest since 1972. compared to europe, our corporate contribution to the tax revenue is the lowest of any major country on earth. so the question is how do we deal with that? and one way we deal with that is we say that it is absurd for large corporations to be able to stash huge amounts of money in countries like the cayman ...