Wyden Statement on Corporate Revenue

Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement after Republicans said they would not accept any additional corporate revenue in a jobs package:  

“Republicans’ red line on corporate revenue is completely unreasonable. Corporations have never contributed less to federal revenues than they do now. Our analysis of CBO data shows corporate revenue is down nearly 40 percent from the 21st century average since Republicans’ tax giveaway. I’m not talking about comparing where we are today to where we were in the 1950s—I’m talking about comparing where we are today to where we were just five years ago. In 2018, the United States was dead last among OECD countries in how much corporate tax revenue it collected as a share of GDP. Republicans’ insistence that the most profitable companies in the world shouldn’t contribute a single penny to investments in roads, schools, and our clean-energy future is simply not acceptable.”

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