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General Electric

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Opinion: Three Ways the Parties Can Agree on Reducing the Debt and Saving America

Tuesday, September 20, 2011

One might argue that if both sides show a little willingness to buck partisan conventions and negotiate, it would be good for both the budget and approval deficits. But maybe there are places that Dems and the GOP can agree beyond trading away their core values.

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It's A Free Country ®

Tax Loopholes and the GE Hoax

Monday, April 18, 2011

When GE says they're just obeying the law, we have to all remember they helped write the law. They have so much political clout. Part of the reason why we are focusing on the companies is because they're using their incredible vast resources. There were 12 companies that spent a billion dollars lobbying over the last ten years for special tax treatment. That's not just sitting back and letting Congress write the rules.

Chuck Collins, co-founder of US Uncut, on The Brian Lehrer Show.

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It's A Free Blog

GE and Taxes: If Something is Legal, Does That Make it Right?

Monday, April 04, 2011

WNYC

If something is legal, does it make it right?

That's the question that lies at the bottom of this firestorm over General Electric's lack of paying any taxes, even though it made a $5.1 billion dollar profit last year.

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The Takeaway

GE's Tax Return: $3.2 Billion

Friday, March 25, 2011

Companies are using every loophole they can find to get a tax benefit — and it turns out they are doing it well. According to The New York Times, General Electric made $14.2 billion in profit last year, $5.1 billion of which came from its operations in the United States. But it turns out that not only did G.E. not pay any money in taxes, instead raking in another $3.2 billion in tax benefits.

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WNYC News

GE Agrees to Hudson River Cleanup

Thursday, December 23, 2010

General Electric has agreed to carry out the next phase of cleanup on the Hudson River, decades after polluting the waterway with toxins. The announcement came Thursday, a few days after the Environmental Protection Agency laid out a comprehensive cleanup plan. The plan would restore a 40-mile stretch of the river, north of Albany.

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Transportation Nation

TN Moving Stories: Amtrak No Longer Interested in ARC Tunnel, and Metro-North Now Nation's Busiest Commuter Rail Line

Friday, November 12, 2010

Amtrak breaks off talks with NJ Transit, says it's done talking about reviving the ARC tunnel. "We are no longer interested in this project," a spokesperson for the national rail agency said. "There were exploratory talks going on with NJ Transit. The talks have stopped. … That was commuter rail, and we are interested in intercity rail projects." (The Record)

NJ Gov Christie says his wife didn't like the ARC tunnel either. (The Record via NY Post)

Minneapolis's Northstar light rail line, which opened a year ago, is carrying 5% less passengers than anticipated.  Reasons? Maybe the economy...and low gas prices. Plans for an extension have been shelved. (St. Cloud Times)

General Electric is buying 25,000 electric cars--including 12,000 Chevy Volts. (Smart Planet)

The Florida Times-Union writes: "No one seems to know what Gov.-elect Rick Scott hopes to accomplish when it comes to roads and passenger rail."

Maine's highway fund is facing a potential shortfall of $720 million in the next two-year budget cycle. Interesting:  "The highway budget is funded for the most part by motor fuel taxes, which have grown static due to increasingly efficient vehicles." (Business Week)

The MTA is telling about half of Staten Island's Access-A-Ride customers to take a bus instead. (Staten Island Live)

America has a new busiest commuter rail line: In September, ridership on Metro-North surpassed the Long Island Rail Road's for the first time ever. (WSJ)

There's a booming resale market for the little three-wheeled vehicles most urban police departments use to look for parking violations.  Plus, it's just fun driving around terrifying people who think you're going to ticket them. (WSJ)

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