Pfizer Thumbs Its Corporate Nose at America

But, before you weep for Pfizer and curse America’s corporate tax rate, note that corporations use a mess of loopholes to avoid paying anywhere near the official rate. In fact, while Pfizer hauled in more than $17 billion in profits from its US sales from 2010 through 2012, it paid zero income taxes to our nation – and actually got a rebate from us taxpayers of $2.2 billion.

Special tax breaks are hardly all that this expatriate ingrate gets from us. How about that fat subsidy called Medicare Part D that its lobbyists wrote and got George W to ram into law? It’s a huge chunk of corporate socialism that forces taxpayers to shell out billions a year to cover whatever rip-off prices Pfizer and other Big Pharma profiteers choose to charge for the medicines that seniors get. Yet, while this corporate greedhead says it no longer wants to be an American, it most certainly does want to keep getting this platinum-coated welfare payment from the American government it supposedly disdains.

Notice, too, that while Pfizer is moving its citizenship, it wants its headquarters and top executives to stay in the good ol’ USA. Excuse me, but if Pfizer executives choose to disown America, then America should disown them.

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This has been reposted from Jim Hightower’s website.

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