Media

President Barack Obama called on Congress last week to close tax loopholes that allow some corporations to avoid paying their fair share of taxes at the expense of hardworking Americans.

Congress must act now to close a loophole that could allow corporate tax dodgers to walk away with $34 billion over the next 10 years.

The U.S. economy has experienced a major bounce back since the Great Recession. It has rebounded from the loss of 7 million jobs in a single year beginning in 2008 and an unemployment rate that soared to 10 percent in 2009.

More than 11 million private-sector jobs have been created in the last five years, with 58 straight months of private-sector job growth leading the unemployment rate to fall to 5.6 percent -- the lowest since April 2008.