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Tim Carney: GE's taxes

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Citing a New York Times piece, I wrote in my column on the fiscal cliff tax breaks: “Perhaps the biggest patron of the active financing exception is Obama-friendly GE. When the company paid $0 in U.S. corporate income tax on $5.1 billion in U.S. profits in 2011, this exception was a major reason.” GE sent me an email objecting to the way I wrote things. I don’t think I got anything wrong,...

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