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However, this report found that nearly 400 companies paid a federal tax rate of nearly half of that, about 11%. 11.3%. the lowest average effective tax rates the institute has found. 91 fortune 500, 91 of the biggest companies in america, effectively paid no federal taxes in 2018, despite combined profits of $101 billion. this as the federal deficit reached nearly a trillion dollars in 2019, growing by 26%. 26%. over the previous year. joining us now is matthew gardner, a senior fellow at the institute on taxation one of the authors behind this report. i have to say, here's the thing, there's ...

>> thank you for joining me and the report. senior fellow at the institute on taxation and policy. >> how some companies can track every move you make. public and private. thanks to your cell phone. whokd have access to your data and what they can do with it. and what you can do about it. you're watching "velshi and ruhle" live on msnbc. bc us. bc it's what this country is made of. but right now, our bond is fraying. how do we get back to "us"?

A big boon for big business thanks to president trump's tax cut law. a report shows that hundreds of american corporations are paying about half the official tax rate under the law. the institute on technology is a left leaning think tank examined the tax laws. "the washington post" reported on the study. let's take a look. before the new law u.s. corporations were subject to a 35% corporate tax rate, but between the years 2008 to 2015 the institute corporations found they paid 21%. everybody carrying on how we have the highest tax rate in the world for businesses, this is really what business...