Did you like this bit of his speech?
Recent studies show that 55 of the nation’s biggest corporations paid zero federal tax last year. Those 55 corporations made in excess of $40 billion in profit. A lot of companies also evade taxes through tax havens in Switzerland and Bermuda and the Cayman Islands. And they benefit from tax loopholes and deductions for offshoring jobs and shifting profits overseas. It’s not right.
We’re going to reform corporate taxes so they pay their fair share and help pay for the public investments their businesses will benefit from as well. We’re going to reward work, not just wealth. We take the top tax bracket for the wealthiest 1 percent of Americans, those making over $400,000 or more, back up to where it was when George W. Bush was president, when he started, 39.6 percent. That’s where it was when George W. was president.
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