Biden’s Favorite Stat: 55 Major Corporations Paid No Federal Income Tax

"Here's the deal: If you spent $3 on your coffee this morning, that's more than what 55 major corporations paid in taxes in recent years." —President Biden, in a tweet, Oct. 20. The president is not known for a snappy Twitter account but he threw some snark at 55 big companies as he presses for an increase in the corporate tax to fund his proposed expansion of social programs.