Corning Inc. Paid No Federal Income Taxes From 2008 to 2011, But That’s Too Much!

Susan Ford, a senior executive at Corning Inc. testified this week to the House Ways and Means Committee that the high US corporate tax rate placed her company at a massive disadvantage. Over a four year period from 2008 to 2011, Corning Inc. earned almost $3 billion, yet it was one of 26 companies that managed to avoid paying any American income taxes. That’s right. The company paid zero in taxes and a senior executive had the audacity to tell members of congress that zero was too high. Okay, the company didn’t pay that high of a rate since it received a $4 million refund from 2008 to 2010 on taxes it didn’t pay. That means it had an effective tax rate of less than zero. What hypocrisy.

Think Progress–Corning Paid no Taxes from 2008 to 2011

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