GE makes $14.2 billion profit/pays NO taxes

And yet, it is school teacher’s pensions that are bringing down the country, right?

From the New York Times:

“…Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.”

And GE’s executives benefit from the Bush-era ‘tax cuts for the rich’ that were renewed under Obama.   This is the fleecing of the middle class and people living in poverty by the ultra-wealthy.

Ready for a change?

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