The study of 706 companies counted 114 that paid no current federal income tax and $198 billion in subsidies from rates below 21% The 706 largest U.S. corporations paid an effective federal income tax rate of 10.4% on their 2025 profits, the lowest rate the Institute on Taxation…
President Donald Trump’s promise of $1,000 for newborns is getting an embarrassing response, as some parents would rather turn down the money than put his name on their children’s savings. A Michigan veteran, Eloise, told The Atlantic that Trump's failed business…
Activists gather for a "Rally to Say No to Tax Breaks for Billionaires and Corporations" at Upper Senate Park on April 10, 2025 in Washington, DC. "At a time when lawmakers claim the country cannot afford investments in families and communities, some of…
706 profitable corporations paid just 10.4% in current federal income taxes in 2025, while 114 paid nothing at all The nation’s largest and most profitable corporations paid an average federal income tax rate of just 10.4 percent in 2025, the lowest rate documented in more than…
The Treasury Department’s changes to “Trump accounts” allow direct stock donations from the richest Americans and corporations into kids’ portfolios. The Trump administration is eager to mint a new class of shareholders: children. Last year’s One Big Beautiful Bill Act…
A quiet change to President Donald Trump's namesake savings program for children amounts to a gift for billionaires, according to an economic analyst. Trump Accounts were created by last year's "One Big Beautiful Bill," which set up tax-deferred savings for…
The 2025 tax-and-spending law: who gains from its tax cuts and Trump accounts, who loses, and what it does to the deficit.
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