“Two months after Immelt was named to the council, The New York Times reported that General Electric paid no income taxes last year... thanks to some fancy accounting footwork, even though the company earned $14.2 billion in profits last year - more than $5 billion in the U.S. alone.” Source: CNN
I read some where only about five jobs were going to China..Sales people..They wanted to be able to sell more to China and India..Instead of traveling back and forth..I think most of the stuff is already made over seas...The only way to get jobs back here is cut corporate taxes to 10% or 0% and reform the EPA... I built a bunch of chip plants in Colorado Springs they all moved over seas I think ..EPA... there are a lot of chemicals involved in chip making...