Written on March 30th, 2011
Forgive my cutting and pasting a letter from MoveOn.org, but this does a good job of laying out why GE CEO Jim Immelt shouldn't be head of the Jobs Council:
It's crazy, but the New York Times reported that while GE made over
$14.2 billion in profits last year, they didn't pay any federal tax. In
fact, they got $3.2 billion in taxes back, from all of us taxpayers. I can
tell you, as I sit down to do my taxes now, that really had me steamed.
And the tax loopholes that GE spent millions lobbying for keep their
profits and jobs overseas, while they cut health care and retirement
benefits for American workers. That had me absolutely sick.
The worst part is, GE's CEO, Jeff Immelt, was appointed chair of President
Obama's Jobs Council--to advise the President on things like American
workers and corporate tax. It's just perverse.
That's why I signed a petition to get America's Chief Executive Tax
Dodger, Jeff Immelt, off the President's Jobs Council. Can you join me at
the link below?
Thank you for reading this. I'd love to hear what you think.