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Three Ohio energy giants haven't paid federal income taxes in three years


Ohio Capital Journal
Photo from Getty Images.
They’re making billions and they’ve gotten hefty subsidies from ratepayers. Yet three big energy companies doing business in Ohio haven’t paid federal income tax since the 2017 Trump tax cuts, according to a new report.
In fact, Akron-based FirstEnergy, Columbus-based AEP and Charlotte, N.C.-based Duke Energy had negative effective tax rates, according to the report by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan think tank. 
The paper, which analyzed tax disclosures in the corporations’ annual reports, found that 55 profitable companies didn’t pay any federal income tax in 2020, and 26 hadn’t paid any in the three years since the Trump tax law, known as the “Tax Cuts and Jobs Act.” ....

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Three Ohio energy giants haven't paid federal income taxes in three years


Three Ohio energy giants haven’t paid federal income taxes in three years
John Minchillo/AP
In this Wednesday, May 20, 2015 photo, contractors walk past a capacitor bank at an AEP electrical transmission substation in Westerville, Ohio. (AP Photo/John Minchillo)
and last updated 2021-04-07 07:12:47-04
CLEVELAND —
The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement.
They’re making billions and they’ve gotten hefty subsidies from ratepayers. Yet three big energy companies doing business in Ohio haven’t paid federal income tax since the 2017 Trump tax cuts, according to a new report. ....

United States , Donald Trump , Mark Durbin , Scott Blake , Joe Biden , Institute On Taxation , N Duke Energy , Ohio Capital Journal , Akron Based Firstenergy , Duke Energy , Economic Policy , Jobs Act , President Donald Trump , Hope Butler , House Bill , Ohio Consumer Counsel , ஒன்றுபட்டது மாநிலங்களில் , டொனால்ட் துருப்பு , குறி டர்பின் , ஸ்காட் பிளேக் , ஓஹோ பிடென் , நிறுவனம் ஆன் வரிவிதிப்பு , ச்சனியான டியூக் ஆற்றல் , ஓஹியோ மூலதனம் இதழ் , டியூக் ஆற்றல் , பொருளாதார பாலிஸீ ,