Think tank: 114 companies paid no current federal income tax but still aren’t biggest hit to deficit

Think tank: 114 companies paid no current federal income tax but still aren’t biggest hit to deficit — Live Feedhttps://www.live-feeds.com/feed/think-tank-114-companies-paid-no-current-federal-income-tax-but-still-aren-t-biggest-hit-to-deficitContinuously updated, source-cited coverage. 114 US companies paid no federal income tax in 2025https://www.live-feeds.com/feed/think-tank-114-companies-paid-no-current-federal-income-tax-but-still-aren-t-biggest-hit-to-deficithttps://www.live-feeds.com/feed/think-tank-114-companies-paid-no-current-federal-income-tax-but-still-aren-t-biggest-hit-to-deficit#u173120Wed, 04 Nov 2026 05:38:12 +0000A report by the Institute on Taxation and Economic Policy found that 114 profitable US companies, including Tesla, Walt Disney, and United Airlines, paid no current federal income tax in 2025. The effective corporate income tax rate has dropped to 10.4%, the lowest in decades. This has raised concerns about the impact on the US federal deficit.Why it mattersThe significant decrease in corporate tax revenue has drawn congressional scrutiny. Corporate tax revenue fell about 15%, roughly $70 billion, to $381 billion in the fiscal year ended Sept. 30, even as corporate profits reached a record $4.