Disney CEO Slams ‘High’ Corporate Taxes, ‘Complex’ U.S. Tax Code

June 9th, 2016 4:22 PM

Disney’s CEO apparently doesn’t sing “Hakuna Matata” when reviewing his company’s taxes.

The Walt Disney Company CEO Bob Iger slammed the U.S. tax system as “ridiculously complex,” and said the country’s high corporate rate was “anti-competitive.”

CNN Money reported Iger’s call for a lower corporate tax rate and fewer loopholes in the tax system in a June 9, article. He also criticizing democratic presidential candidate Bernie Sanders for not adequately appreciating “the meaning of business” to America.

Sanders reportedly painted Disney on May 24, as part of a “rigged economy,” and suggested it was wrong that Iger made millions while his company’s employees received “starvation wages.”

Iger rebuffed Sander’s criticism saying, the self-described socialist “had not taken the time to really understand and appreciate what the meaning of business is to the country."

The Walt Disney Company owns broadcast network ABC, a news network which has pushed the liberal narrative on inequality and Obamacare. For example, Good Morning America portrayed Warren Buffett as a modern-day Robin Hood who claimed his receptionist paid a higher percentage of her income in taxes.

Good Morning America harassed billionaires by trying to get them to reveal how much they paid in taxes compared to their secretaries on Nov. 15, 2007. The show also asked whether republican presidential candidate Mitt Romney was “paying his fair share” in taxes, in a Jan. 24, 2012, broadcast.

When confronted about ABC’s coverage of Obamacare and the administration’s IRS scandal, Iger called his network “fair and balanced.”

“I actually stand by ABC News, who I believe not only presents the news in a fair and balanced manner, but behaves in a high integrity kind of way,” Iger said at a 2014 shareholder meeting.