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Service On Government Panels Pays Off

Maybe Jeff Immelt knew what he was doing when he let Obama ignore all his job recommendations, after all:

By the way, the Obama Administration has criticized oil companies like Exxon-Mobil for earning excessive profits and getting overly large tax breaks.  In 2010, Exxon paid a whopping 40.7% of its income in taxes ($21.6 billion in taxes on $53 billion in profits).   In the same year, Obama subsidiary General Electric paid 7.4% of profits in taxes.

Plus, an appearance by Kansas City Southern!

Posted in Business, Economics.

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