Jon Stewart slams G.E. for corporate tax hypocrisy

The Daily Show looks at the company who paid no federal taxes, yet still shipped countless jobs overseas

By Peter Finocchiaro
Published March 29, 2011 2:01PM (EDT)

Jon Stewart gives up! The Daily Show host took aim last night at companies who lawyer their way out of paying federal taxes, while still blithely shipping jobs overseas. Like General Electric, for example, who posted $14.2 billion in profits in 2010, yet actually received $3.2 billion in tax benefits -- and still cut a fifth of its U.S. workforce. Stewart laments that the president and network news, both well-suited to point out G.E.'s hypocrisy, don't seem to care very much.


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