report lays out how companies like FedEx never followed through on their promise to more heavily invest if they received tax windfalls from the federal government."If anything, the companies that received the biggest tax cuts increased their capital investment by less, on average, than companies that got smaller cuts," the authors noted. FedEx founder and chief executive Frederick Smith claimed in 2017 onthat the U.S.
"FedEx invested billions in capital items eligible for accelerated depreciation and made large contributions to our employee pension plans," the company said in a statement."These factors have temporarily lowered our federal income tax, which was the law's intention to help grow G.D.P., create jobs and increase wages."
Sanders has long lamented how Trump's failure to release his tax returns and reveal that he potentially paid nothing in income federal income tax is evidence of the corruption and corporate cronyism his campaign seeks to fight. "This is exactly why so many millions of Americans are frustrated. They're angry, they're disgusted, at what they see as a corrupt political system in this country," Sanders said in October 2016, in the lead up to Trump's first-term election.
The FedEx logo is displayed on the side of a delivery truck June 18, 2008 in San Francisco, California.