It’s ‘Absolutely Irritating’ That It Pays Less In Taxes Than A Nonprofit’s Secretary
http://thinkprogress.org/2011/03/30/rep-mcdermott-general-electric/(snip)
Yesterday, Rep. Jim McDermott (D-WA) spoke at a CAP event titled “Measuring Our Progress in Reducing U.S. Poverty,” where he discussed adequate benchmarks for measuring poverty in the United States. He sat down with ThinkProgress for an interview, where we asked him about GE’s corporate tax dodging. The congressman told us that it’s absolutely irritating that a company as rich as GE could be paying less in taxes than a secretary at our workplace, the Center for American Progress:
THINKPROGRESS: Congressman, last week we saw a front page New York Times story about General Electric, which is the largest corporation in our country, it actually didn’t pay anything, in taxes, it actually received billions of dollars in tax benefits —
MCDERMOTT: $3.2 billion –
THINKPROGRESS: Yes, 3.2 billion, exactly. Don’t you see a contradiction here between asking low-income people, middle-income people, working class people, students, paying with their services and benefits, while big corporations like this are getting away with nothing or even getting benefits?
MCDERMOTT: Everybody in a civilized society should pay their fair share, according to their ability to pay. You don’t expect poor people to pay half their salary for the society in which they live. But this society lives, and people make money in it and do very well in it because we’ve created this society. And it costs money to do that. And for General Electric to fool around and not pay anything, that’s where the Alternative Minimum Tax came from, a long time ago. Because it’s absolutely irritating that General Electric pays less than the secretary at the front desk of this agency, this organization. It is simply not fair.
Watch it:
http://thinkprogress.org/2011/03/30/rep-mcdermott-general-electric/