Russ Feingold on GE not paying taxes.
It’s everything that’s wrong with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes — that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I hear that GE is expected to ask 15,000 of their unionized workers to make major concessions in wages and benefits.
But what really adds insult to injury is the prestigious and influential position Jeffrey Immelt holds as chair of President Obama’s Council on Jobs and Competitiveness. That’s wrong. Someone like Immelt, who has helped his company evade taxes on its huge profits — and is now looking to workers to take major pay cuts after his compensation was doubled — should not lead the administration’s effort to create jobs.
What a relief, some plain speaking on the bigger problems.
More.
Progressives United here.
ImmeltMustGo.Com here.
I’m a big fan of bringing people from ‘the field’ into the Whilte House, but Immelt is a step too far!
Oh yes. It’s a joke. And bordering on masochistic by that fool in the White House.
But I’ve started dreaming about the day the tide will change – and things will start moving in the right direction again. One day….
I’ve seen Feingold a few times on Rachel Maddow. He seems like a politician that gets it.
It’s a travesty he lost his seat to a teabagger last year, and he was really respected by everyone in the Senate, after three terms and 18 good years for Wisconsin.
And he gets it. He goes straight after the corporate agenda – which at the moment is so vastly dominating in politics. Almost hegemonic. And let’s hope the Progressive United movement evolves into a real political force very soon.
He also had hte least wealth of anyone in the Senate. Which tells us he’s an honest public servant – so he HAD to go.