Big business and the ultra wealthy should pay their fair share in taxes.
Stop Tax Loopholes.
Change the tax code to limit the total annual federal tax deductions for any individual or corporation to $1,000,000 - with no exceptions.
Why is this important?
Background: By using tax loopholes, America's largest corporation, General Electric, paid no taxes (that's right, zero dollars) in 2010 on profits of $14.2 billion while claiming a tax benefit (loophole) of $3.2 billion. This isn't an unusual case - this is fairly typical of what big business gets away with in the United States.
