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Your Tax Money Went to GE Shareholders

ThinkProgress » Despite Paying No Income Taxes, GE CEO Lauded His Company’s Patriotism In 2009 West Point Speech

On its front page this morning, the New York Times reported that General Electric — the world’s largest company — made $14.2 billion in profits ($5.1 billion in America) and managed to not pay a dime in federal taxes. In fact, the company actually received “a tax benefit of $3.2 billion.”

The mega corporation’s tax dodging flies in the face of the rhetoric of its CEO Jeffery Immelt — also the head of President Obama’s Council on Jobs and Competitiveness — who sought to portray his company as one that values fairness in a speech at West Point in 2009.

ThinkProgress » Despite Paying No Income Taxes, GE CEO Lauded His Company’s Patriotism In 2009 West Point Speech

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