According to The New York Times, last year General Electric (GE) made over $14.2 billion in profit, but paid NO federal tax. None.

In fact, thanks to the millions GE spent lobbying Congress, we American taxpayers actually owed GE $3.2 billion in tax credits.

Now GE is slashing health benefits and retirement benefits for new employees among non-union workers and is expected to push unions to accept similar cutbacks, while its CEO, Jeff Immelt, gets a 100% pay raise.
What’s worse? Immelt now sits as chair of the President’s Council on Jobs and Competitiveness (Jobs Council), representing corporate America to the President on matters like job creation and corporate taxation. That’s a slap in the face to every hardworking, tax-paying American—especially GE employees.

On a local level this story reminds Amelia of the current elected official who has the township pay over 90% of his health care expenses for his part-time appointment (I think he pays 1%), all the while purchasing a really big boat and docking it in a great resort.

The budget is up for review this month- the salary ordinance (and health benefits relate to salary/compensation) will be debated. Now or never utopian seekers!

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