Fortune 400 News Today

Not one. thats why the highway bill, the gas tax, i keep that commitment. theres no reason why, as i said, billionaires should pay a lower tax rate, literally a lower tax rate, than a schoolteacher and a firefighter, a couple. thats whats happening now. and it isnt right that 55 of our fortune 400 companies, the largest companies in america, last year, 55 of the five fortune 500, paid zero in taxes and they made $40 billion in profit. im glad they made a profit. keep people employed. i mean that...

Single penny. nobody. not one. that is why a highway -- i didnt add gas tax. i keep that commitment. in fact this plan cuts taxes for working people. there is no reason why, as i said, billionaires and should pay a lower tax rate, literally a lower tax rate than a school teachers and a firefighter, a couple. so, that is what is happening now. and it isnt right that 55 of our fortune 400 companies, the largest companies in america last year, 55 of fortune 500 paid zero in taxes. and they made $40...

Nearly 7% more than last years budget. secretary kelly may be a fan of this budget, but of course, neil, congress needs to be a fan and regardless of what piece youre looking at in the budget, seems like the majority of lawmakers. >> all right, allison. thanks very much. all right. we had a former barack obama budget cruncher austin goolsby was on the show. he said a cut is cut and is growing to grow but not as much. i wonder what a fortune 400 ceo would have to say about that? just look at basi...

World. its not only the right thing to do, but the smart thing to do. if you look at our own country, something like 40% of the fortune 400 companies in this country were created by immigrants. half of the startups in silicon valley created by immigrants. half of the companies valued at a billion dollars or more, created by immigrants. we dont want to be killing the goose that lays the golden egg. canada is being smart in having this welcoming environment and also doing the right thing. >> immig...

Now these cuts come in and hurt the very people who its intended to help. >> i agree with you. first and foremost, its about inequality. the fortune 400 top wealthiest americans have a net worth of $1.7 billion, nearly double the national deficit in its whole. these cuts in the farm bill, theyre not reducing the deficit. if they were really reducing the deficit, i would maybe think about supporting some of them. theyre not. theyre enabling more corporate welfare. here in man hattehattamanhattane...

Thats like telling a heart patient to eat more fatty foods. it just doesnt work. sean, you cited an interesting statistic a while ago about how long we could fund the government with these taxes increases. do you know if you took the combined wealth of every person making over a million dollars a year, plus the profits from all of the fortune 400 companies, you still couldnt fund our government for one year. you could get maybe to july or august. the problem is the spending. and spending equals ...

That have to be answered both for the internal community but also for the american people. >> i believe there were four americans too, jonathan. your point holding. >> four. >> i dont want to put it in too much of a political context, but this is clearly something where republicans believe mitt romney released a statement too son. >> republicans who dont like the president and dont like the presidents policies in the region, it gives them something to hoang onto. i dont think it will get beyond ...

Thats like telling a heart patient to eat more fatty foods. it just doesnt work. sean, you cited an interesting statistic a while ago about how long we could fund the government with these taxes increases. do you know if you took the combined wealth of every person making over a million dollars a year, plus the profits from all of the fortune 400 companies, you still couldnt fund our government for one year. you could get maybe to july or august. the problem is the spending. and spending equals ...