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Sun., April 3, 2011

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.

Patrick Conley


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