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Reference: Lee Fang, Think Progress, March 2, 2011: Asked if Bank of America Paying Nothing in Corporte Taxes is Fair, Pawlenty Responds: Taxes are 'Too High'.
This is what gets me about most Republican candidates...they tow the party line no matter what....just like drones. Here's an extract from Lee Fang's interview with Pawlenty at the Tea Party Convention in Phoenix:
FANG: Governor, today liberals are demonstrating all over the country in what CBS has called a liberal version of the Tea Party. Their main complaint is that a lot of corporations aren’t paying their fair share. For example, Bank of America, in 2009 paid nothing in corporate income taxes, same with ExxonMobil, GE, and a lot of other big corporations. Do you think corporations like Bank of America should pay their fair share? What are your thoughts on that?
PAWLENTY: Well actually the corporate tax rate in Minnesota and around the country is too high. And I think one thing we could and should do is–
FANG: You think zero is too high with Bank of America paying nothing?
PAWLENTY: We have the highest corporate tax rate, or one of them, in the world–
As Fang points out, "In 2009, as Bank of America made billions in untaxed profits, the firm’s top executives received pay “ranging from $6 million to nearly $30 million.”
But it outside of his conditioned thinking to even contemplate that coroprate taxes are anything but too high...even when confronted with evidence that some companies can't pay less than ZERO. It's crazy...