Entries in Federal Taces (1)


MoveOn Calls on GE CEO to Resign from White House Post

Chip Somodevilla/Getty Images(WASHINGTON) -- MoveOn joined former Senator Russ Feingold’s group, Progressives United, on Wednesday to call on GE CEO Jeff Immelt to resign from the President’s Council on Jobs and Competitiveness. MoveOn’s petition comes on the heels of reports that GE made $14.2 billion in profit and paid no federal taxes.

In their email, MoveOn states, “Immelt now sits as chair of the President's Council on Jobs and Competitiveness (Jobs Council), representing corporate America to the President on matters like job creation and corporate taxation. That's a slap in the face to every hardworking, tax-paying American—especially GE employees.”

After sending the email, MoveOn’s executive director, Justin Ruben, said “it is outrageous that GE made more than $14 billion in profits last year and paid no federal taxes.”

“At a time when many in Washington, including the President, are worried about our nation’s deficit we should be punishing -- not rewarding -- companies like GE who are robbing the US Government and taxpayers of billions of dollars. This sort of bad corporate behavior should not be rewarded with a top White House appointment. Jeff Immelt should resign immediately,” Ruben said.

Feingold has also called for Immelt to step down in an email to supporters.

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