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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 5, 2011 / 1 Nissan, 5771

Immelt, the Jobs Czar from Hell

By Debra J. Saunders

Debra J. Saunders



http://www.JewishWorldReview.com | The New York Times reported last month that General Electric earned $14.2 billion in international profits, including, $5.1 billion in the United States. Yet GE did not pay a dime in federal income taxes last year. Oddly, President Obama chose GE Chairman and chief executive Jeffrey Immelt to head his President's Council on Jobs and Competitiveness.

According to the Associated Press, Immelt's compensation package doubled to $15.2 million last year, while this year, GE is seeking major concessions from the unions that represent its shrinking American workforce. That makes Immelt the wrong guy for the job of jobs czar.

Or as former Democratic Sen. Russ Feingold wrote, "Someone like Immelt, who has helped his company evade taxes on its huge profits -- and is now looking to workers to take major pay cuts after his compensation was doubled -- should not lead the administration's effort to create jobs."

No lie.

After all, what kind of economic advice can Immelt give?

Probably advice like this: Don't push for lower corporate tax rates. Reformers want Washington to lower the U.S. corporate tax rate of 35 percent, so that America can compete with low-tax countries like Ireland and Singapore, where GE offshored significant profits. Immelt says corporate tax reform "deserves a healthy debate," but he knows the big money is in loopholes.

Hire an army of tax lawyers. GE's tax department has 975 employees -- and make no mistake, they contribute to the economy.

Never stint on lobbyists. In the last decade, GE spent more than $200 million on lobbyists, many of them tax-law specialists. Remember, the best way to play by the rules is to ghostwrite them.

If Washington wants to spend money, support the spending. It doesn't matter if legislation involves economic stimulus, clean energy or health care -- if your operation is large enough, it will get a cut.

There are some things you can't outsource. For example, CEOs, pet members of Congress and Washington lobbyists.

Donate to candidates from both parties. Republicans talk up lower, simpler taxes, but it's just talk. Last year, Obama hectored what he calls the rich for "shirking" their duty to pay higher taxes. But Obamaland has sincere sympathy for those shirkers. Look at Obama's pick for Treasury Secretary, Timothy Geithner, who failed to pay $34,000 in Social Security and Medicare payments due on income earned while working for the International Monetary Fund.

When Obama appointed Immelt to his jobs and competitiveness council, the president said that Immelt "understands what it takes for America to compete in the global economy."

Unfortunately, Immelt seems to have learned that the best way to increase GE's profits was to eliminate a fifth of its American workforce, ship jobs overseas and hire a small army of tax attorneys.

A generous person might argue that GE's experience makes Immelt the smart choice to reform the tax code.

But Immelt can't be in charge of GE and reform a tax system it helped pervert. Obama must know that. Obama must not care.

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© 2011, Creators Syndicate

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