Leona Helmsley
Ponder these facts:
General Electric, the nation’s largest corporation reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
General Electric paid zero U.S. corporate taxes in 2010. In fact, G.E. claimed a tax benefit of $3.2 billion.
While the financial crisis led G.E. to post a loss in the United States in 2009, regulatory filings show that in the last five years, G.E. has accumulated $26 billion in American profits, and received a net tax benefit from the I.R.S. of $4.1 billion.
While General Electric is the largest example of corporate tax skating, it certainly is not the only one. How can Republicans ask the working men and women of the country to pay their fair share when the big boys don't?
And still its not enough. In the face of massive budget deficits, states will bankrupt themselves in order to heap tax break upon tax break on big business in the hope that they will create a few jobs in the process. Businesses, who could well afford to pay their fair share of taxes, instead pay no taxes. In fact, US business has never had a better year in terms of corporate profits. This year has seen record profits for Americans businesses which means they are world records. Which means profits have never been higher in the history of mankind. These are the same corporations who will cut or outsource jobs in a heartbeat, the jobs of American working people who actually do pay taxes. Taxes that support the infrastructure that allows these corporations to function. These corporations can afford to pay their fair share of taxes.
You see Republicans like to spend money just as much as Democrats. The difference is, Democrats want to spend it on teachers and education for our children, roads & infrastructure and investments in advancing cutting edge science and technology and support for our seniors and veterans and hospitals and health care, things that matter most to everyday Americans. Republicans on the other hand want to spend it on tax cuts for the wealthiest individuals and businesses the world has ever known. It's the same billions of dollars its just how you want to spend it. That much is clear.
To the working men and women of this country I say, how's that working for you?
How the Republicans ever get any of you to vote for them is a marvel to me. It just leaves me shaking my head. They get you to pay the taxes, if you can find a job somewhere in this mess they created, and they get you to vote for them as well so that they can continue their assault upon you. It is an amazing phenomenon.
What is it, do the Republicans have pictures of you with animals?
Lets hope that Americans wise up before its too late. The Canadians, who apparently know bullshit when they step in it, have.
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