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.

http://www.nytimes.com/2011/03/25/business/economy/25tax.html?hp


"President Obama has chosen GE CEO Jeffrey Immelt to replace Paul
Volcker as the head of his Economic Recovery Advisory Board, now
reframed as a "Jobs and Competitiveness Council." According to Fox
News talking head Noelle Nikpour, the appointment is yet another
example of "Chicago-style politics payback." The new position is a
reward, so her analysis goes, for NBC's "rooting" for Obama over the
last two years."

http://www.salon.com/technology/how_the_world_works/2011/01/21/jeffrey_immelt