“You have 55 corporations, for example, in the United States of America making over $40 billion, don't pay a cent. Not a single little red cent.”
What PolitiFact found
The figures come from a study by a liberal group, the Institute on Taxation and Economic Policy. A nonpartisan group, the Congressional Joint Committee on Taxation, supports the broad conclusions of the study.
Their words, from the summary they publish with the rating.
In short
Joe Biden (President) made this claim around 21 October 2021. PolitiFact (United States) looked into it and published its finding on 22 October 2021, 1 day later. Its rating was “Mostly True”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.