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Politics : PRESIDENT GEORGE W. BUSH
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To: Joe Btfsplk who wrote (55389)10/31/2000 5:06:54 PM
From: Mr. Whist  Read Replies (8) of 769670
 
Wigginton: I saw a story this past week that said some large corporations -- Motorola I believe was one -- paid no federal income tax last year because of tax loopholes and write-offs and slick CPAs and tax lawyers and such. (I am looking anew for the story; if I find it, I will post it here.) I am all for management and labor marching hand in hand to boost profitability and provide good jobs for dedicated hard workers. I am not for corporate welfare or corporations with millions of dollars of profits who escape any income tax liability whatsoever.

I think it is obscene for any large corporation to avoid any federal income tax liability while Joe Worker has to fork over a third of his paycheck in federal, state and local taxes for new sports stadiums or scatter-brained ideas like the $400 billion "Star Wars" ABM system.
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