The Times on Sunday ran a front-page story,"How FedEx Cut Its Tax Bill to $0," in which it said that FedEx's work in favor of the 2017 corporate tax cut allowed the delivery company to eliminate its federal taxes the following year. The story said the tax cut did not result in increased investment by either FedEx or businesses overall, as Smith and other advocates of the tax bill vowed would happen if it passed.
"The focus of the debate should be federal tax policy and the relative societal benefits of business investments and the enormous intended benefits to the United States economy, especially lower and middle class wage earners."Read MoreDon't expect Sulzberger or anyone else from the Times to show up for Smith's proposed debate.FedEx profits slip after booting major customer Amazon"FedEx's colorful response does not actually challenge a single fact in our story.
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