SpaceVegetable Wrote:
Dec 12, 2012 3:34 PM
I certainly don't fault GE for taking whatever advantage they can. That's what capitalism is all about. The whole "GE paid no taxes" thing has been widely blasted - unfairly, IMHO. It's my understanding that they paid no taxes in the year in question because of huge losses carried forward from a previous year. Standard tax practice. The liberals love to ignore that part, though, painting the company as one of those evil entities they like to demonize. I don't like how Immelt cozied up to Obysmal, but I can't fault him for doing what he can to help his business. That's what CEOs are paid for, after all.