In the first five years following the 2017 giveaway, 35 companies raked in $277 billion in domestic profits and paid their executives $9.5 billion - more than they paid in federal income taxes.
Next year, Congress will decide what to do with these corporate giveaways. Republicans have promised to go even further if elected and cut the corporate income tax rate from 21% to 15%.
This additional tax giveaway would provide Fortune 100 corporations as a whole with another $50 billion each year, more than all current K-12 federal education spending.
Tesla is among the most dramatic examples of this phenomenon - big, profitable corporations that have actually been paying their top executives more than they pay the government in federal income taxes.
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