GE actually received money back from us taxpayers ($3.2 BILLION) to then fund MSNBC coverage that is favorable to Obama and Democrats. From
Don Surber via Creative Minority Report:
Fox Paid $4.8 Billion in Taxes, MSNBC $0The parent company of Fox News — News Corp. — paid the U.S. government $4.8 billion in taxes over the last four tax years (2007-2010).
GE, which owned most of MSNBC until late last year, paid zero taxes in 2010.
(Reuters) — Readers, I apologize. The premise of my debut column for Reuters, on News Corp’s taxes, was wrong, 100 percent dead wrong.
Rupert Murdoch’s News Corp did not get a $4.8 billion tax refund for the past four years, as I reported. Instead, it paid that much in cash for corporate income taxes for the years 2007 through 2010 while earning pre-tax profits of $10.4 billion.
And from
the New York Times:
General Electric, the nation’s largest corporation, had a very good year in 2010.
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
Is there a better example of crony capitalism and corporate welfare like this one? Do Surber comments:
No wonder MSNBC millionaires like Chris Matthews want more taxes.
Until recently, their employer did not pay them.
In fact, the Obama administration redistributed money from the parent of Fox News to the parent of MSNBC.
You taxpayer dollars, hard at work to fund the Democratic Party and their cronies. Liberals are quite generous with other peoples money, no?
