Should Corporations Be Taxed More?

School children across the United States have raised more money for Katrina relief efforts than many major U.S. corporations, according to a non-profit group, RandomKid, which has tracked donations by children.

Over $10 million was raised by school kids through bake sales, lemonade stands, car washes and other fundraisers, according to RandomKid. That's more than almost every major U.S. corporation gave. More than wealthy oil and petrochemical companies, such as Chevron and ConocoPhillips. It's more than what AT&T and Verizon gave combined. And it's more than major brand name corporations like GE and Coca-Cola gave.

Only five U.S. corporations gave more than what was raised by the school kids, according to recently released report by the Foundation Center, a non-profit organization that has tracked Katrina relief donations.

Tags: Katrina, corporations, charity