The CEO of General Electric, which has received government "green jobs" money, is a close Obama advisor. GE has been busy outsourcing American jobs, eliminating a fifth of its U.S. workforce since 2002. GE made $14.2 billion in profits in 2010, but paid no taxes at all, even though America's corporate tax rates are among the highest in the world, and shareholders in American companies are burdened by heavy, double taxation.(American companies pay hefty corporate income tax on their earnings. Then, taxes are imposed yet again on that same income when it is distributed to shareholders as dividends. The shareholders have to pay income tax on that same income, hence double taxation.)<quoted text>
So do I. In fact I believe it is essential that he is fired for the health of the country.
But rather than paying anything in taxes, GE actually received a tax benefit of $3.2 billion from the government in 2010, and received a preferential bailout at taxpayer expense.
Oddly, while subsidizing some foreign "green" jobs, the stimulus package also contained other terrible provisions that ignited trade wars with Mexico and Canada, wiping out more jobs in America's export sector and aggravating the U.S. trade deficit.
Liars,Two Faced,No transparency,Cronism,Tax avoidments,You name
it the Obama Mob has done it..Some Con job on the American Public
Whats that old adage?/ Con me once,Shame on you,Con me twice its
a Shame on me???