It must be great being in bed errr business with the Government.

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Observerofu's picture
Joined: 07/14/2010

"The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion." This from the New York Times. Yes you read it right the NYT.

GE "We bring tax evasion to new heights"

Now you may think this was 2007 or at least a 2008 story right and it was about Bush's ties to big Corporations.
Nope just good old Jeffrey R. Immelt, General Electric’s chief executive, who just so happens
to head the President’s Council on Jobs and Competitiveness and his company who just so happens to be part of Obama's
inner circle. Just another tax cheat tied to this Administration. Remember Socialism is for the people not the Socialist.

April 15th is coming better pay those taxes. Obama needs more money to spend.

btw- I guess since GE doesn't pay taxes on it's profits the Government must find a way to get their revenue somewhere right?

CBO: Taxing mileage a 'practical option' for revenue enhancement
A GPS on every car?

And the Democrats screamed over the Patriot Act and just the thought over Bush listening to you and grandma. I guess as long as there
is a progressive in office it's ok to track your movements.