The American people are sick of watching huge corps not pay their fair share...

[Playinghardball]

[azmom]

1. Corruption plain and simple.

[cantbeserious]

2. The 1% Milking The 99% For Every Ounce Of Remaining Wealth

eom

[99th_Monkey]

3. Yep. But it's WAY more than just "not paying their fair share". GE is a Welfare Bloodsucker

not paying a fucking nickel in tax, but instead draining the US Treasury at an
alarming rate, along with all their other corporate vampires, big pharma, big oil,
Wall St. ... ALL of them.

Holy crap, think --if you did this math on the whole bunch of them-- of how the USA
could reboot the Treasury, rebuild the middle class, the infrastructure, and address climate
change. It's just mind-boggling.

[stuffmatters]

4. Latest outrage: Pfizer is inverting to Ireland

I've seen miniscule reporting in MSM

[99th_Monkey]

5. M$M needs to keep it's handsome pharma-ad revenue flowing. It's Carlin's 'Big Club'

and were NOT in it.

[Warpy]

6. I'd really like to see a "repatriate your profits or else" passed

in which corporations who keep the profits offshore can be assessed a fine double that of the taxes they'd have to pay. Corporations that refused to do either would have their charters withdrawn and be prohibited from doing business in the US.

My guess is that 90% of that money would be repatriated within a month.

[meow2u3]

12. Criminalize corporate inversion for starters

My solution would be to put a clause in a "repatriate your profits or else" bill that would not only subject corporate profits kept offshore to a punitive tax rate of about 75%, but also criminalize the practice of corporate inversion, not to mention an automatic piercing of the corporate veil when a corp is charged with a crime, holding the individual executives civilly and criminaly liable. The maximum penalty of corporate inversion would be subjecting the individuals responsible a fine of up to $1B per count, 20 years in Federal prison--and I don't mean a Club Fed--or both.

I'm sure the Kochs can afford to pay a fine of a billion. It's not like they're freakin' paupers.

[Enthusiast]

17. Me too!

Great idea!

[Octafish]

7. If only we had a Democratic President! DoJ would crack down on tax dodgers.

Anybody remember the price we paid for civilized society before Reaganomics?

[fbc]

8. Hillary will them them to cut it out

problem solved.

[Enthusiast]

16. They will listen to a strong woman!

[Live and Learn]

9. K&R nt

[onecaliberal]

10. If TPP passes, we are permanently screwed. Even more so than we are now.

It will truly be ushering in a 3rd world country.
If you haven't taken time to read that and talk to everyone you know and convince them to call reps. It won't matter what I is in our government at that point corporations will rule the world.

[kimbutgar]

11. I'm pissed Kraft, Nabisco, and Oscar Meyer are closing in the U.S. and moving to Mexico

If we had a functioning congress we could tax the hell out of these companies for closing U.S. factories and being greedy.

Personally I will make the effort to not buy any of these brands ever again. Plus who is going to inspect these food processors in Mexico?

[Enthusiast]

15. Yooj Plus One!

[Spitfire of ATJ]

13. A lot of the money GE gets it through war production.

[Enthusiast]

14. K&R! This post should have hundreds of recommendations!

Hundreds!

[URL=.html][IMG][/IMG][/URL]

[raouldukelives]

18. K&R Socialism for the most, fascism for the least.

Only those vested in GE get a taste of those kickbacks. As they should, they pay for procuring them.

For the rest of us, out of poverty or out of love of democracy, who are unconnected from the beast eating the last few remaining bites of our natural and political world, all we can do is lament the loss of it all and the purposeful naivety of those involved.

[1939]

19. Since we are talking about GE

From Value Line Stock Reports here is the GE income tax rates:

2005-17.4%
2006-16.1%
2007-15.5%
2008-5.5%
2009-Zero
2010-7.4%
2011-27.4%
2012-14.4%
2013-8.5%
2014-10.3%
2015-22.0% (estimated)

2008-2010 was the mortgage meltdown. GE Financial (set up to finance purchase of GE products) executives thought they could earn huge profits and bonuses playing in the mortgage derivative market. That hurt GE earnings badly and the "write downs" from that disaster erased taxable profits.