Wednesday, May 4, 2011

Corporations Investing Tax Break Windfall In Politicians

Click here to access article by John Del Signore from the Gothamist. 

This article illustrates how capitalist style "democracy" works.
ExxonMobil, Bank of America, General Electric, Chevron and Boeing had combined profits of $77.16 billion in 2010 but paid $0 in federal income taxes, according to a new report from NYC Public Advocate Bill De Blasio, who is outraged that many massive corporations are getting incredible tax breaks while also pouring money into political campaigns.