Profit is most important product
I read that General Electric, one of the largest corporations in the world, made profits totaling over $14 billion, yet they paid no taxes. In fact, they’re asking for a tax credit of $3 billion.
Can we now please stop with the right-wing politicians’ chorus lamenting America’s corporate tax burden? “Oh, boo-hoo. We need to cut pensions to save the poor corporations. We need to balance the budget by slashing funding for schools and eliminating collective bargaining. Waa-waa, boo-hoo.” I can see the tear glistening in Rep. Boehner’s eye even now.
There is something manifestly wrong with this country when I pay more in taxes than GE does, and bought-and-paid-for politicians porking out at the corporate trough think this is OK.
As my duly elected representative in Congress, I might expect Cathy McMorris Rodgers to do something about this. Unfortunately, as she’s one of the “beholdens,” I expect her to do the usual – ask for more corporate donations. Oink, oink.
As you sit down to do YOUR taxes, reflect on $14,000,000,000.00 in profit, $0.00 in taxes.