Gingrich Says We Should ‘Celebrate’ Corporate Tax Dodgers, Argues Employees Should Pay Instead

Where’s my pitchfork and torch?

What a Nazi fucktard!  Has anyone noticed Nazi fucktard has become a synonym for Republican?

Here is a filthy, lying serially polygamous con artist who make’s his living conning people out of money, so he can run for office while acting like some sort of voice of moral reason, giving a rim job to the wealthy corporate elite, who he wants to have contribute to his life style of the rich and famous.

Can he just be consigned to the dung heap of has beens?  Hasn’t his 15 minutes of infamy expired?

No doubt Rush the Junkie will pimp him out to the idiots who vote against their own interests because some  perverted preacher tells them to.

I swear I can’t make this shit up.

From Think Progress: http://thinkprogress.org/2011/03/18/gingrich-corp-taxes/

By Scott Keyes
Mar 18th, 2011

ThinkProgress filed this report from the Wild Irish Breakfast in Nashua, NH.

One of the top priorities for Republicans this year has been to preserve and extend corporate tax breaks. This includes GOPers like former Minnesota governor Tim Pawlenty and Rep. Louie Gohmert (R-TX) who have eagerly defended corporations like Bank of America, ExxonMobil, and GE which have avoided paying a dime in corporate income taxes in recent years, but rake in huge annual profits.

Another one of those companies making millions in profits but failing to pay any corporate income tax is Arch Coal. In 2009, for instance, the corporation netted over $42 million, yet was able to use tax loopholes and gimmicks to avoid contributing anything in corporate income taxes.

ThinkProgress asked Gingrich about these corporate tax-dodgers this week at a St. Patrick’s Day breakfast in Nashua, New Hampshire. Gingrich defended Arch Coal and other corporations who avoided paying income taxes because “they don’t owe that” to the U.S. government. Striking an anti-populist note, the former House Speaker also praised the fact that even though many corporations were avoiding taxes, their employees would still be forced to contribute to the government’s coffers.

Gingrich concluded by enthusiastically championing corporate tax loopholes, telling ThinkProgress that corporations were using “an incentive…not a loophole.” “We should celebrate that as a good thing,” Gingrich added:

Continue reading at:  http://thinkprogress.org/2011/03/18/gingrich-corp-taxes/

From Forbe’s Magazine:  http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html

What The Top U.S. Companies Pay In Taxes

Christopher Helman,

04.01.10

HOUSTON — As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes at all.

The most egregious example is General Electric ( GE news people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.

Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.

In Pictures: What The 25 Top U.S. Companies Pay In Taxes

How did this happen? It’s complicated. GE’s tax return is the largest the IRS deals with each year–some 24,000 pages if printed out. Its annual report filed with the Securities and Exchange Commission weighs in at more than 700 pages.

Continue reading at:  http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html

Posted in Uncategorized. Comments Off on Gingrich Says We Should ‘Celebrate’ Corporate Tax Dodgers, Argues Employees Should Pay Instead
%d bloggers like this: