or Login to see your representatives.    Public Statements
Coburn, Levin Release GAO Report Finding Profitable U.S.
Corporations Pay an Average Effective Tax Rate of 12.6 Percent
Press Release  Location: Washington, DC  Large, profitable U.S.
corporations paid an average effective federal tax rate of just
12.6% in 2010, far less than the U.S. statutory rate, according
to a Government Accountability Office report released today by
two senior senators.  The report, requested by Sen. Tom Coburn,
R-Okla., and Sen. Carl Levin, D-Mich., adds to the growing
evidence that large, profitable corporations bear a dwindling
share of the tax burden and that the Treasury collects far less
revenue from large, profitable corporations than might be
expected under the U.S. statutory corporate income tax rate of
up to 35%.  "Today's GAO report provides more stark evidence, if
any is needed, that large, profitable U.S. corporations as a
whole are not paying their fair share in taxes," said Levin.
"When some U.S. corporations us