They did it again: GE paid no taxes 

Dan Halper points out over at The Weekly Standard that General Electric paid no taxes in 2010. Importantly, they paid no taxes in 2009, either. This year, they are actually claiming a $3.2 billion tax benefit.

Our own Timothy P. Carney wrote an entire chapter on GE in his book Obamanomics, which the best available study of corporate welfare in the age of Obama. The company serves as proof that big government inevitably works in favor of companies that are best positioned to lobby it. The bigger government gets, the greater the advantage it will provide for politically connected corporations. The only thing that can solve the problem is smaller government.

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David Freddoso

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David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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