Cromey Online

The writings of author, therapist, and priest Robert Warren Cromey.

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Location: San Francisco, California, United States

Sunday, March 27, 2011

Tax Problem? Read this.

A stark example of the fundamental unfairness that is now so widespread was in The New York Times on Friday under the headline: "G.E.’s Strategies Let It Avoid Taxes Altogether." Despite profits of $14.2 billion, General Electric did not have to pay any U.S. Taxes last year. G.E. Is the nation’s largest corporation. Its chief executive, Jeffrey Immelt, is the leader of President Obama’s Council on Jobs and Competitiveness. You can understand how ordinary workers might look at this cozy corporate-government arrangement and conclude that it is not fully committed to the best interests of working people.

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