Political Quotes

“Let me briefly read from this list of corporate freeloaders. No. 1, ExxonMobil, the largest oil company in the world. In 2009, ExxonMobil made $19 billion in profits, and not only did ExxonMobil avoid paying any Federal income taxes that year, they actually received a $156 million rebate from the IRS, according to its SEC filings. Well, do you think maybe we might want to ask ExxonMobil to pay a little in taxes so we do not have to throw children off their health insurance? Maybe. Bank of America. Last year, Bank of America, the largest bank in America, received a $1.9 billion tax refund from the IRS even though it made $4.4 billion in profits and just a couple of years ago received a bailout from the Federal Reserve in the Treasury Department of nearly $1 trillion. Well, what do you know about that? We are bailing out the largest banks in this country, whose greed caused the recession, and then they get a rebate from the IRS rather than paying any taxes. Yet our Republican friends think the solution to deficit reduction is not to ask Bank of America to pay its fair share but to end Medicare as we know it and force low-income seniors to pay substantially more for their health care. No. 3, General Electric. Over the past 5 years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS. I do not know. What do you think? Do you think we should ask GE maybe to help us out just a little bit with deficit reduction?…”