Nice take on the GE corporate tax scandal from Tom Scocca at Slate:
Let’s see…$3.2 billion is $200 million more than the amount that the Obama Administration wanted to slash from the Low Income Home Energy Assistance Program, because the White House was showing that it was serious about restraining spending in tough times. So the poor go without fuel, and G.E. gets $3.2 billion in handouts, and the budget almost balances out. Fiscal discipline!
Or, if you don’t want to get mad on behalf of the poor: General Electric collected an average of $18 from every household in America last year, just for being so good at doing its taxes. Every month, your family paid G.E. a buck fifty.
That’s approximately the cost a two-liter bottle of Diet Coke around here. First thing you can do for American job productivity, Jeffrey Immelt, is stop stealing our caffeine-providing beverages of choice!
How can America’s Robber Baron class return your “contributions” to their looted bounty?