Hey Libs!

[The T]

You sure didn't seem to have any problem whatsoever with the Bush administration cozying up to the Oil industry. Heck..Bush and Cheney were oilmen.

*BOOOOOOSH*!!

I have a huge problem with it and have always...

Pay attention...son. Being ignorant and a broken record is no way to glide through life...especially when you ASSUME and are WRONG.

No you didn't.

Not in the slightest. You were one of the stauchest defenders of Bush. I was there chief.

You may want to re-write history..but there are many around here who absolutely know different.

Man up and own up to it.

Topicality...Subjective. And THIS ain't it.

Get your facts straight before you start shitting black feathers again.

 

[hortysir]

And WHY should Gubmint even be involved in this?

Involved in what? Infrastructure development?

Regardless, I can't respond until somebody directs me to something describing what federal contracts are even being discussed here. Hence the repeated requests for a source.

v
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Immelt was caught boasting, in a November 17, 2009, Wall Street Journal report, that he expected to gather in roughly $192 million for his struggling company in government-funded projects. Chief among these, it now seems, is the coming Afghanistan surge. Available documents show that G.E. has made out quite nicely from the wars of recent years, gaining a $3 billion contract to provide power to the rebuilding of Iraq and a $5.9 million deal to provide power to air bases in Afghanistan.

December 2009: Jim Windolf on the Obama-Salahi-Tiger-G.E.-Afghan Axis | Culture | Vanity Fair

When it was Cheney/Haliburton it was wrong.
When it's Obama/GE it's ok.

Got it.

 

[The T]

And WHY should Gubmint even be involved in this?

Involved in what? Infrastructure development?

Regardless, I can't respond until somebody directs me to something describing what federal contracts are even being discussed here. Hence the repeated requests for a source.

v
v
v
v
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Immelt was caught boasting, in a November 17, 2009, Wall Street Journal report, that he expected to gather in roughly $192 million for his struggling company in government-funded projects. Chief among these, it now seems, is the coming Afghanistan surge. Available documents show that G.E. has made out quite nicely from the wars of recent years, gaining a $3 billion contract to provide power to the rebuilding of Iraq and a $5.9 million deal to provide power to air bases in Afghanistan.

December 2009: Jim Windolf on the Obama-Salahi-Tiger-G.E.-Afghan Axis | Culture | Vanity Fair

When it was Cheney/Haliburton it was wrong.
When it's Obama/GE it's ok.

Got it.

Double Standard for them
Fact is? When Gubmint starts to get in bed with Corporations? WE ALL SHOULD BE WORRIED.

 

[mnbasketball]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

IT"S pure BULLSHIT, but of course it was done because our congressmen and senators don't have a clue. The corps own this country and it's only going to get worse.

They used to pay in taxes 30% of the budget, now it's 6%, Lets just make it nothing and lower the capital gains tax and fed tax to 0 also. We keep hearing how great we will be doing with lower taxes, lets just take them to 0 and we should be in paradise.

Lets just close up all those military bases who are mostly in the RED states, and see how that works out. Each state can run their own business and pay for their own needs.

 

[The T]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

IT"S pure BULLSHIT, but of course it was done because our congressmen and senators don't have a clue. The corps own this country and it's only going to get worse.

They used to pay in taxes 30% of the budget, now it's 6%, Lets just make it nothing and lower the capital gains tax and fed tax to 0 also. We keep hearing how great we will be doing with lower taxes, lets just take them to 0 and we should be in paradise.

Lets just close up all those military bases who are mostly in the RED states, and see how that works out. Each state can run their own business and pay for their own needs.

THIS POST shows that you have NO IDEA of Government or the Constitution.

 

[Seawytch]

I'm what you would call a "hard core" liberal progressive. I voted for and support President Obama. I will vote for him again in 2012 (after voting for Sarah Palin in the Primary, naturally ).

I do not support ANY of these multinational corporations not paying their taxes and getting huge tax breaks from the government. I do not support these multinational corporations sending jobs overseas where they can pay workers less than a living wage to increase their already bloated profits in order to make plastic crap that breaks so we will buy more of their crap that breaks. (Although soon enough we won't have money to buy their plastic crap that breaks because we have no jobs here because they've moved them all overseas...but what do these corporations care...they'll have all the money)

I do not, however, understand these attempts at false equivalences. Has President Obama or the Democrats (and I'm talking Progressive Democrats, not Blue Dogs) stopped efforts to close corporate loopholes for these multinational corporations? Is he attempting to lessen regulations for them? The President still has "stuff to do" and that involves working with energy and technology leaders around our country, whether or not he thinks they should stop shipping jobs overseas and pay their fair share of taxes.

I don't like the cozy relationship between government and corporations. I want to see ALL the corporate and special interest monies OUT of our politics and I don't see that relationship ending anytime soon, but it is NOT because of anything that President Obama has done or not done, tried to do or not tried to do. The fact is that he does want to see corporate loopholes closed that rewards these corporations for shipping jobs overseas. He does support more stringent regulations on corporations, but he still must do the business of running our country and "working with what we got".

Who has it been obstructing these attempts at tax reform and regulation of the crooks on Wall Street?

 

[rikules]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

i think you must be very happy

 

[editec]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

I bet they paid a lot in payroll taxes though...

No...GE isn't paying the payroll taxes, the EMPOYEES are paying them.

GE is the AGENT for the GOVERNMENT who sends it the money, but the money they send was part of the employees salaries.

Try again.

 

[Eric Cartman]

No...GE isn't paying the payroll taxes, the EMPOYEES are paying them.



Try again.

That is not exactly accurate. Look up what payroll taxes entail.

 

[Poli_Sigh]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

Since when does GE qualify as Liberal?

 

[Old Rocks]

All of these corperations should be paying far more taxes than they do. As should the very wealthy. When people with million dollar yearly incomes are paying a lesser percentage of their income in taxes than the middle class, something is seriously wrong with the tax system. When a small business actually pays more, in actual dollars, not a percentage of profits, than a huge multinational with a multi-billion dollar profit, something is seriously wrong with the tax system.

So, who is supporting making the system more equitable, and who is fighting for the privileges of the very rich and the huge multi-nationals? Who fights every anything that would have the multi-national corperations pay a reasonable tax?

The Conservatives here complaining about GE paying no taxes are as hypocritical as they can get. This is what they have supported for the last one hundred years.

 

[NYcarbineer]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

I bet they paid a lot in payroll taxes though...

They paid zero FEderal Income Tax. They stash their money offshore. Come on now.. don't go down the road of hypocrisy.

Just keep this in mind when you hear the rightwing nuts ranting about how our economic problems are caused by corporate taxes that are too high.

 

[NYcarbineer]

At the very least, all profits made off government contracts should be subject to an un-dodge-able federal income tax.

 

[Bfgrn]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

"We have all seen these circus elephants complete with tusks, ivory in their head and thick skins, who move around the circus ring and grab the tail of the elephant ahead of them."
President John F. Kennedy

Hey Willow. WHY is it that you right wing parrots only jump on a topic when Fox tells you to? Could it be you are brainwashed, or just stupid?

Yes, we have socialism and welfare in America, for corporations. American corporations pay about 10 cents on the dollar and many mega-corporations pay NO taxes. The corporate rate is meaningless because there are so many loopholes that allow corporations like Exxon and GE to pay no taxes. That is why President Obama proposed lowering the corporate tax rate AND closing the loopholes.

GE, Exxon Paid No U.S. Income Taxes in '09

As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.

A view of the Exxon Mobil refinery in Baytown, Texas
September 15, 2008. None of ExxonMobil's income taxes
were paid to the U.S. last year.

The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.

Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.

 

[Valerie]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

I bet they paid a lot in payroll taxes though...

No...GE isn't paying the payroll taxes, the EMPOYEES are paying them.

GE is the AGENT for the GOVERNMENT who sends it the money, but the money they send was part of the employees salaries.

Try again.

The employee earns them and the employer pays them.

IOW - the employee offers their time and skill while the employer offers the job opportunity and the cash for payroll.




As for trying again, the OP was debunked in post 9.

Looks like The Factor is actually incorrect.

GE 2010 Income Tax Expense = $1,050,000,000.


GE Income Statement | General Electric Company Common Stock - Yahoo! Finance

 

[Dot Com]

 

[JBeukema]

So Willow's making a thread agreeing with a Rachel Maddow rant form a while back?

 

[JBeukema]

 

[SgtMeowenstein]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

Yet another reason why tax loopholes for corporations should be closed. Too bad the House GOP wouldn't vote to end those loopholes. How do you like your GOP now?

 

[Dot Com]

Just heard it on the Factor. GE made $5B dollars last year and paid zero in taxes.. Immelt is obie wan's good buddy..


What do you think about that?



Go!

Yet another reason why tax loopholes for corporations should be closed. Too bad the House GOP wouldn't vote to end those loopholes. How do you like your GOP now?

Seems that WillowTree painted herself into a corner w/ this because Republicorp are the corporations lapdogs LOLOL