Nukewatch Quarterly Summer 2019
Among the 30 most profitable corporations that paid no, nada, $0 federal income taxes in 2018, are a rogue’s gallery of nuclear power and nuclear weapons profiteers. As if tax-payer funded research & development, insurance and waste management subsidies, property tax breaks, and legislative protection from market competition weren’t hand-outs enough, zeroed corporate income tax bills put some giants in a cushier cat bird seat. Often, the same firms were given “tax rebates that could be used to reduce their tax burdens in other years,” the New York Times reported. The nuclear weapons and reactor firms that paid no federal taxes in 2018 include:
• Xcel Energy, which runs three nuclear reactors in Minnesota
• Honeywell, which operates nuclear weapon production sites in Kansas City, Missouri and Pantex, Texas, and works on tanks, cargo planes, military helicopters, and Reaper drones
• Duke Energy, which runs the 11 reactors at Catawba, McGuire, Oconee, Shearon Harris, HB Robinson, and Brunswick
• Dominion Energy, which operates the five reactors at Millstone, North Anna, and Surry stations.
— Institute on Taxation & Economic Policy, via New York Times, April 29, 2019