Doesn’t this part of her article justify her statement “How is that possible? It’s because not only do they shelter their money from taxes, but they also get many tax credits, loans, government grants, and other benefits from the federal government that our smaller businesses couldn’t even imagine being able to profit from.”?
Tell us how tax benefit is calculated so that we can fairly judge her statement. I interpreted her statement to mean that GE was bringing in more money from the government through grants than it is paying out in taxes.
If she is wrong she is wrong, but please explain precisely how she is wrong. I am not trying to be snarky I just want to know.
Sarah isn’t wrong. GE and Immelt enjoy many, many perks with this administration above and beyond taxes. Consider msnbc, or that all of our medical records will be catalogued by GE, or the lightbulb ban. ALL these things favor GE. And of course Immelt is part of obama’s jobs advisory staff, even as he is moving entire plants to China. Magritte supports perry. She/he won’t give Palin credit anyway.
These guys are pretty good.
http://www.propublica.org/article/setting-the-record-straight-on-ges-taxes/single