How huge tax cuts for big corporations led us to recession
![Tax Cut](https://www.confrontcorporatepower.org/wp-content/uploads/2014/04/tax1-100x100.jpg)
According to a report filed by Citizens of Justice, big cuts in corporate tax and tax loopholes, resulted in a $90 billion annual loss for the U.S. Treasury that led to the recession in 2008. Providing large tax subsidies to big companies and businesses is a bad economic policy. This artificially boosted the rate of returns for tax favored industries and companies and reduced the rate of returns for...