AP Corrects Corporate Tax Story

The AP has issued a correction of the corporate taxation story we criticized yesterday. The story had erroneously claimed that 25% of U.S. corporations paying no income tax in 2005 met the GAO's definition of a "large" corporation. (The actual proportion was 0.28%). The corrected version of the AP story is here; it's still not a good analysis of the GAO report, though it's at least free of apparent factual errors.