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  1. 247wallst.com › special-report › 2021/11/1514 Big Businesses Run by the US Government - 24/7 Wall St.

    • Assistant Managing Editor, 24/7 Wall St.
    • Tennessee Valley Authority. > Year founded: 1933. > Industry: Energy. Established by President Franklin Roosevelt on May 18, 1933, the Tennessee Valley Authority, or TVA, is the oldest government corporation in operation.
    • Federal Deposit Insurance Corporation. > Year founded: 1933. > Industry: Banking. The Federal Deposit Insurance Corporation, or FDIC, was established on June 16, 1933, under Roosevelt during the Great Depression.
    • Export-Import Bank. > Year founded: 1934. > Industry: International trade. Founded on Feb. 2, 1934, by Roosevelt, the Export-Import Bank was established to facilitate international trade between the United States and foreign countries and assist American companies during the Great Depression.
    • Federal Prison Industries (UNICOR) > Year founded: 1934. > Industry: Inmate rehabilitation. Federal Prison Industries, known as UNICOR, was established by Congress on June 23, 1934, with the mission of offering prison inmates job training programs.

  2. www.politifact.com › factchecks › 2021Fact-checking Joe Biden on how little some corporations pay ...

    Apr 12, 2021 · Joe Biden. “A new, independent study put out last week found that at least 55 of our largest corporations used various loopholes to pay zero federal income tax in 2020.”. A FedEx truck in ...

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  4. www.brookings.edu › articles › the-true-size-ofThe true size of government is nearing a record high | Brookings

    Oct 7, 2020 · The true size of the blended workforce is driven by a mix of demographic, bureaucratic, and political pressures that give contract- and grant-funded employees a faster hiring process, greater ...

  5. www.americanprogress.org › article › these-19-fortuneThese 19 Fortune 100 Companies Paid Next to Nothing—or ...

    • Fortune 100 Companies Benefiting from The Current Tax System
    • Fortune 100 Companies with Effective Tax Rates of Less Than 10 Percent
    • Conclusion
    • Methodology

    Corporations such as AT&T, Charter Communications, American International Group (AIG), and Dow reported that they will pay negative effective federal income tax rates on their U.S. profits for 2021, effectively enjoying tax refunds instead. (see Methodology for more details on these tax rate calculations) 1. AT&Treported that it will pay no federal...

    See full list on americanprogress.org

    Meanwhile, huge, highly profitable corporations such as Amazon, ExxonMobil, Microsoft, JPMorgan Chase, Verizon, FedEx, Ford, General Motors (GM), Bank of America, Chevron, UPS, MetLife, Merck, Nike, and Coca-Cola all enjoyed effective tax rates of less than 10 percent—or less than half the federal statutory rate. 1. Amazon’s effective federal incom...

    See full list on americanprogress.org

    This status quo can be changed. Polls show that raising taxes on corporations is among the most popular elements of President Biden’s economic agenda. Policymakers must act now to ensure that large, profitable corporations pay their fair share. President Biden has proposed—and the U.S. House of Representatives has already passed—a 15 percent minimu...

    See full list on americanprogress.org

    The income tax expense and pretax U.S. earnings data presented in this column come directly from the annual 10-K reports that the companies filed with the U.S. Securities and Exchange Commission (SEC) for fiscal years that ended during 2021. Effective tax rates were calculated by dividing the current U.S. federal income tax expense that companies r...

    See full list on americanprogress.org

    • Steve Bonitatibus

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  7. libguides.fdlp.gov › federal-independentFederal Independent Establishments and Government Corporations

    May 1, 2024 · United States African Development Foundation (USADF) Mission: "To foster hope, growth, and goodwill in Africa." United States Agency for Global Media (formerly Broadcasting Board of Governors) Mission: "To inform, engage, and connect people around the world in support of freedom and democracy." United States Agency for International Development ...

  8. 247wallst.com › special-report › 2019/03/2030 Companies Getting the Most From the Government

    Mar 20, 2019 · According to the Congressional Budget Office, the U.S. government spent $4.0 trillion in 2017. While the budget’s largest portions go toward benefit programs like Social Security and Medicaid ...

  9. usafacts.org › reports › 2021The Three Branches of Government & US Government Structure ...

    May 17, 2021 · The Constitution divides the federal government into three branches to ensure a central government in which no individual or group gains too much control: Legislative – Makes laws (Congress) Executive – Carries out laws (President, Vice President, Cabinet) Judicial – Evaluates laws (Supreme Court and other courts) Each branch of ...