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Sen. Bernie Sanders calls for eliminating corporate tax loopholes and tax breaks

Sen. Bernie Sanders (I-VT) called for closing corporate tax loopholes and eliminating tax breaks for oil and gas companies Sunday after reports that General Electric and other giant corporations pay nothing or almost nothing in federal income taxes. According to The New York Times, General Electric made $14.2 billion in…

Top Republican: Cut taxes by 10% … for the rich

Congressman Dave Camp (R-MI), the chairman of the House Ways and Means Committee, said he hopes to cut the tax rate for the richest individuals and corporations to 25 percent to help spur job growth. The top U.S. tax rate has been 35 percent for both individuals and corporations since…

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