Lafayette, December 21 at 7:29 am

“Get this: They got a tax-refund on lobbying expenses!”

Thank you Lafayette for that link to the chart.  And that is just the tip of the iceberg.

Try this from excerpt from the Bailout reports:

“We’ve been hearing over and over again about the astonishing $182.5 billion in bailout funds that the federal government has been pouring into AIG, but you might be surprised to learn that a close runner up to AIG in the bailout sweepstakes is General Electric, which got its own $139 billion bailout in November. So with Congress and the media in a frenzy over AIG bonuses, where’s the GE outrage?”

And with the profit made by GE they still got a $4.3 Billion tax rebate, which they took to China to build new factories and hiring 32,000 employees for those new factories while in the good ole USA who’s taxpayers had to provide the money for the Chinese venture GE laid off thousands of employees.

For this skulduggery, Jeffery Immelt CEO of GE, who arranged the Bailouts, and the move to China, plus the USA layoffs, got a job in the Obama Administration as the head of the “Keeping Jobs in America” Committee.

Reminds me of a Bush statement “Outsourcing of Jobs is good for America”.

And Lafayette, this is just one of the Companies on the list you provided.

Would the readers join me and Lafayette in posting a comment on each of the others on the list?

People, with the signing of NDAA, we need to join together and bring this criminal Government to an accounting for their thievery.

Don’t forget that this Government is made up of Democrats and Republicans of almost equal number.

You tired of getting fleeced by the Two Headed Monster in Washington?

Reuter’s info-graphic Profitable company and taxes, lobbying and layoffs

Get this: They got a tax-refund on lobbying expenses!

And keep in mind this is only a list of the top 30 companies that paid lobbyist more than they paid tax.

None of the thirty paid any tax - they all got money from you and me instead of paying tax.  and if all of them had paid the top Corporate tax rate of 35% they would have paid $57 Billion, Two Hundred Ninety One Million, Eight hundred Fifty Thousand dollars in taxes.  Plus they got another Ten Billion, Six Hundred Two Million Dollars instead of paying any tax.

And this is just 30 companies.

Instead of paying the top tax rate of 35%, the average rate of taxes paid by all U S Corporations is less than 9%.

The amount of total subsidies paid annually to America’s Corporations exceeds a Trillion dollars.

In fact the yearly total subsidies paid to U S Corporations exceeds the U S total deficits.

Gee, do ya think congress will look into this matter?

No surprise to find Mattel, the largest toy manufacturing company, in that list.
Some time ago they were involved in litigation related to a very large recall of toxic toys made in China.  Not only that, but they had to publicly apologize to China because the problems stemmed from Mattel’s own design and not to Chinese manufacturing.

Follow the money: It is more profitable for these companies to pay politicians and lawyers than to be forced by proper laws to assume full responsibility for what ends up in store shelves.

This is not at all shocking. Thats the
kicker, it should be.

I ‘d be surprised if anyone was surprised. Id be even more surprised if any of our resident democratic loyalists stopped and thought about this, for even one second.

Whats even more shameful is that the lobbyists are considered non-profit and their actions non-taxable.

This has created a money vacume in Washington DC where the lobbying firms utilize city services but don’t pay for them, much like churches.

Assuming the numbers are accurate, this is shameful, but not surprising.

damning