Original Post
October 17, 2011
by Vicki Needham, Bernie Becker, Erik Wasson and Peter Schroeder
Differing perspectives: The National Priorities Project and Citizens for Tax Justice, a pair of left-leaning groups, have unveiled a website detailing how much the Bush tax cuts have kept out of the Treasury since 2001. The verdict, as of press time: around $1.035 trillion.
On the other side of the spectrum, the conservative-tilting Tax Foundation held a briefing Monday to try to rebut the argument that companies often pay far less than the statutory U.S. corporate tax rate of 35 percent.
Including taxes paid to foreign governments, the group said, corporations pay roughly 33 percent — not too much lower than that statutory rate.