CNN's Jack Cafferty: GE Moves $14 Billion Per Year X-Ray Business To China, And They Still Don't Pay Any U.S. Taxes

Jul 28, 2011 at 11:17 AM
DailyBail in GE, Taxes, china, ge, general electric, jack cafferty, jobs, jobs

Video - Jack Cafferty On GE's Latest Announcement - July 27, 2011

Jack is pissed off at CEO Jeff Immelt and rightfully so, as GE announced plans yesterday to offshore its massive radiology manufacturing business to China.  Cafferty and Blitzer also remind viewers that that GE paid no corproate income taxes for 2009 and 2010 despite making several billion in U.S.-based profits.  Don't forget that Immelt is the head of Obama's Jobs Council and a board member of the New York Federal Reserve.

Related stories:

• G.E. Made $14 Billion In 2010 And Paid NO U.S. Tax
• Ronald Reagan On GE's Tax Avoidance In 1985: "I Didn't Realize Things Had Gotten That Far Out Of Line"
• NBC News Stays Mum On GE’s $0 Tax Bill - Inside GE's Tax Avoidance Division
• Jon Stewart: NBC News Was Too Busy Explaining 'LOL' And 'Muffin Top' To Report On GE's Zero Tax Bill

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).