Obama and GE Spreading the Wealth
source: http://politisite.com/2011/03/25/white-house-defends-general-electric-despite-not-paying-tax...
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White House defends General Electric despite not paying taxes in 2010 and accepting $3.2B in Corporate Welfare...In January, President Obama named General Electric CEO Jeffrey Immelt to head the President’s Council on Jobs and Competitiveness, an economic advisory board focused on job creation.
In his State of the Union address that same month, meanwhile, he called for the closure of corporate tax loopholes in conjunction with a lowering of corporate tax rates, which stands at 35 percent.
Seems that President Obama wants everyone to “spread the wealth around” and pay their fair share of taxes. The Critic of Corporate welfare, Obama seems a bit hypocritical embracing GE CEO as part of his Jobs team. To make it all worse, General Electric was the Benefit of what the President and Democrats call “Corporate Welfare” claiming $3.2 Billion in tax benefits. http://politisite.com/2011/03/25/white-house-defends-general-electric-despite-no...
In his State of the Union address that same month, meanwhile, he called for the closure of corporate tax loopholes in conjunction with a lowering of corporate tax rates, which stands at 35 percent.
Seems that President Obama wants everyone to “spread the wealth around” and pay their fair share of taxes. The Critic of Corporate welfare, Obama seems a bit hypocritical embracing GE CEO as part of his Jobs team. To make it all worse, General Electric was the Benefit of what the President and Democrats call “Corporate Welfare” claiming $3.2 Billion in tax benefits. http://politisite.com/2011/03/25/white-house-defends-general-electric-despite-no...
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