As negotiations continue on a debt deal, we ask longtime consumer advocate Ralph Nader for his solution. Nader says, “Now we have the situation with the deficit and the debt and spending and jobs. And it’s not that difficult to get out of it. The first thing you do is you get rid of corporate welfare. That’s hundreds of billions of dollars a year. The second is you tax corporations so that they don’t get away with no taxation. The Citizens for Tax Justice put out a report recently. They had 12 major corporations, like Honeywell, Verizon, General Electric, and in three years, they made $167 billion in profit, paid zero tax, and got $2.5 billion back from the Treasury.”
