Dozens of profitable U.S. companies haven't had a federal tax expense since Trump's rate cut
CBSN
More than two dozen large U.S. companies have made a collective $77 billion in domestic profits in the past three years without any expectation of having to immediately pay federal taxes on their bounty. Indeed, they haven't expensed a single dollar for current federal taxes since Donald Trump pushed through a massive tax cut for corporations in the first year of his presidency, according to a new study.
Many of those same companies had together paid billions of dollars in annual taxes prior to Trump's presidency. For instance, Salesforce.com has made $4.2 billion in the past three years before taxes. But since 2018, the software company hasn't put any money aside to pay federal taxes, according to its filings with securities regulators. In fact, Salesforce booked $4 million in tax credits since 2018. In the three years prior to Trump's tax cut, Salesforce earned far less but expensed far more for taxes — $35 million on $500 million in profits.Billions of cicadas are emerging across about 16 states in the Southeast and Midwest. Periodical cicadas used to reliably emerge every 13 or 17 years, depending on their brood. But in a warming world where spring conditions arrive sooner, climate change is messing with the bugs' internal alarm clocks.
Senate Democrats to unveil package to protect IVF as party makes reproductive rights push this month
Washington — A group of Senate Democrats is set to unveil a new package to protect access to IVF on Monday, as the party makes a push around reproductive rights this month — two years after the Supreme Court overturned Roe v. Wade.