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Special Segment (Corporate Tax Holes) #536476

NBC Evening News for Friday, Apr 13, 1984
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(Studio) Report introduced
REPORTER: John Palmer

(NYC) Profits last year, lack of any federal income tax and rebate of several million for General Electric, RCA, American Telephone and Telegraph (AT&T) outlined on screen. [1983, President REAGAN - can't justify corporate tax structure.] [Representative Don. PEASE - feels corps. aren't paying fair share of taxes.] Corporate income tax since 1943 graphed on screen. [Citizens for Tax Justice spokesperson Robert McINTYRE - notes portion of federal deficit payable by corporate income taxes if loopholes are eliminated.] Specifics of corporate tax loopholes explained. [US Chamber of Commerce Richard LESHER - believes corps. shouldn't pay any income tax.] Basis of Lesher's opposition to corporate taxes outlined on screen. [LESHER - pleads cost increase as burden borne by customers.] Criticism of General Elec.'s refund from IRS (Internal Revenue Service) by employee Nettie Aines due to percentage of her income paid to government outlined. [AINES - feels situation is unfair to working class.]
REPORTER: Mike Jensen

Reporter(s):
Jensen, Mike;
Palmer, John
Duration:
00:04:10

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