The Mudcat Café TM
Thread #138676   Message #3178848
Posted By: Sawzaw
29-Jun-11 - 11:57 PM
Thread Name: BS: The GOP Dream Candidate (for Dems)
Subject: RE: BS: The GOP Dream Candidate (for Dems)
Which "candidate" said:

"It’s true that our corporate rates are the second-highest in the world. But it’s also true that what our corporations actually pay is nowhere near the second-highest percentage of their real income in the world. [GE/Jeff Immelt/MSNBC for example] So I’d be perfectly fine with lowering the corporate tax rates, simplifying the tax code, and saving some money on accountants, but broadening the tax base so that all of them pay a reasonable amount of tax on their profits. That’s what the Bowles-Simpson commission recommended, and it’s the right policy. Lower the rates to be competitive, but reduce the loopholes that cause unfair disparities. We all need to contribute something to help meet our shared challenges and responsibilities, including solving the debt problem."

I mostly agree with this guy. I think the US would be OK with him if he could be president.

Jeff Immelt, Obama's Jobs Czar. GE CEO Compensation $21,428,765
General Electric Co. did not pay any federal income taxes in 2010 despite more than $5 billion in profits.