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Corporate welfare

How do we put a figure on what taxes would have been collected if there were not so many loopholes for big corporations to exploit?

We all know the average Republican will blindly love and stand up for the big corporations that then turn around and poop on them every day. So let me use the General Electric story, since we know Obama is tight with GE.

GE 2010 - 14 billion in profits. Pays no fed taxes and RECEIVES 3 BILLION TAX BENEFIT. All you have to do is show your profit offshore, show a loss here, and bingo no taxes and receive a tax benefit for your troubles.

Subsidies for oil companies. Why? Are they struggling just to break even in these hard times?

Give me a break.


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