Browsing All posts tagged under »Treasury Department«

Obama Gives G.E. Green-light In Paying No Taxes For The $5.1 Billion In Profits: Worst Bailout In U.S. History, G.E. Received $182.5 Billion In Obama Buddy Bailout.

July 22, 2011

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As Washington worries about the United States’ growing deficit problem, there’s mounting evidence the government is failing to collect taxes from wealthy individuals and corporations. A piece in today’s New York Times by David Kocieniewskioutlines how G.E. skirted paying any taxes on $5.1 billion in profits in 2010–in addition to claiming a $3.2 billion tax credit. The […]

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