PolitiFact

Barack Obama stated on January 25, 2011 in the State of the Union address:

"Two years after the worst recession most of us have ever known ... corporate profits are up."

By Louis Jacobson• January 26, 2011

Donald Trump stated on August 01, 2017 in a tweet:

"Corporations have NEVER made as much money as they are making now."

By Louis Jacobson• August 1, 2017

Erica Smith stated on December 30, 2021 in a tweet:

“Corporate profit margins are at their highest point in 70 years. … They’re overcharging us for gas, medicine, and groceries, and pocketing the difference.”

By Paul Specht• January 7, 2022

Bernie Sanders stated on August 27, 2014 in a meme on social media:

"In 1952, the corporate income tax accounted for 33 percent of all federal tax revenue. Today, despite record-breaking profits, corporate taxes bring in less than 9 percent."

By Louis Jacobson• August 28, 2014

Bob Casey stated on August 22, 2024 in a speech at the 2024 Democratic National Convention:

“Prices are up because these corporations are scheming to drive them up.”

By Madison Czopek• August 28, 2024

Ward Armstrong stated on September 27, 2011 in in TV ads.:

Appalachian Power Company is making "record profits."

By Warren Fiske• October 14, 2011

The Commonwealth Institute stated on April 30, 2015 in a blog post.:

Says "roughly two-thirds of (state) corporations didn’t pay any income tax in Virginia."

By Sean Gorman• May 27, 2015

Robert Reich stated on August 29, 2011 in an opinion column:

"The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression."

By Louis Jacobson• September 1, 2011

David Gregory stated on July 25, 2010 in an interview with Treasury Secretary Timothy Geithner on NBC's Meet the Press:

"25 percent of our economy is the financial sector."

By Louis Jacobson• July 28, 2010

Abigail Spanberger stated on June 16, 2022 in an op-ed.:

“The four big meat packers are raking in record profits … ”

By Warren Fiske• June 30, 2022

George Allen stated on June 14, 2011 in a speech.:

"The tax on job creating businesses is 35 percent in the United States, second worst in the entire world."

By Sean Gorman• June 18, 2011

Barack Obama stated on August 11, 2008 in a television ad:

John McCain offers "billions in tax breaks for oil and drug companies, but almost nothing for families like yours."

By Angie Drobnic Holan• August 11, 2008

Priorities USA Action stated on March 30, 2012 in a television ad:

"Mitt Romney’s pledged to protect (oil companies') record profits – and their billions in special tax breaks, too."

By Amy Sherman• April 6, 2012

Barack Obama stated on September 23, 2008 in in a television ad:

"Grateful insurance company executives and their lobbyists" from Bermuda gave McCain $50,000.

By Angie Drobnic Holan• September 24, 2008

Barack Obama stated on January 05, 2008 in a debate in Manchester, N.H.:

"You've got a building in the Cayman Islands that supposedly houses 12,000 corporations. That's either the biggest building or the biggest tax scam on record."

By Alex Leary• January 9, 2008

ActionAid UK stated on April 07, 2016 in a website post:

"Tax dodging costs developing countries $200 billion every year."

By Jon Greenberg• April 19, 2016

Senate Leadership Fund stated on July 24, 2018 in a campaign ad:

Says Sen. Joe Donnelly’s "family got caught outsourcing jobs to Mexico, and ‘Mexico Joe’ profited up to $80,000."

By Katie Akin• July 26, 2018

Joe Biden stated on August 27, 2008 in a speech at the Democratic National Convention in Denver:

McCain supports tax breaks for companies that ship jobs overseas.

By Richard Rubin• September 8, 2008

Glenn Youngkin stated on January 23, 2023 in a speech.:

Virginia tax receipts “in just the last four years alone have grown 50%.”

By Warren Fiske• January 25, 2023

AFSCME stated on September 04, 2012 in a TV ad:

Says Republican U.S. Senate candidate Tommy Thompson "supports massive tax cuts for corporations that outsource Wisconsin jobs."

By Dave Umhoefer• September 26, 2012

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