The New York Times > Business > Republicans Try to Dilute Provisions in Tax Bill: "WASHINGTON, Oct. 4 - Despite widespread agreement that abusive tax shelters are costing the federal government billions of dollars a year, House Republicans are working to eliminate or dilute provisions in a new corporate tax bill aimed at cracking down on illegal shelters." [--snip--]
A study prepared last year for the Internal Revenue Service estimated that abuse of tax shelters cost the federal government $12 billion to $18 billion a year.
A study last week by Citizens for Tax Justice, a liberal research organization, reported that 82 of the nation's most profitable companies paid no corporate taxes in at least one of the last three years
It's nice to know they have their priorities straight.
