Transcripts for CNN New Day With John Berman and Brianna Kei

CNN New Day With John Berman and Brianna Keilar October 22, 2021 11:39:00

that's far less than most americans pay. that is courtesy of loopholes that were never closed, and in some cases, even expanded. get this. 26 companies have paid no federal income tax since the trump cuts took effect. and the "washington post" found many bought stock buybacks while laying off employees. it hadn't even benefited the u.s. treasury. while other wealthy nations raise 3% of gdp from corporate taxes, in the u.s. that fell to 1% after the trump cuts. so the status quo doesn't make any sense, especially if you want to strengthen the middleclass in the social safety net. but there are other ways to skin this cat that sinema might support, like a corporate tax if biden is successful in getting the rest of the world to sign on. billionaires are paper gains not

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