Tax Day 2014: GE's Tax Loopholes and Unemployment Benefits

General Electric

Photo by Matthew Bradley

Thanks to work by Citizens for Tax Justice, this year's Tax Day brings startling numbers about how tax loopholes allowed General Electric to avoid paying billions in taxes: 

Tax loopholes allowed GE to avoid more than $2 billion in taxes last year.


By paying its taxes, GE alone could fund a month of the emergency unemployment extension that Congress still hasn't passed.