Jon Stewart on GE's Tax-Free Status: 'That is a Corporate Tax Rate of -60 Percent'
Jon Stewart is pretty consistently funny -- at the very least he lands one jab a show -- but as this video proves, he's best when he's pissed... and when he's on, he's on.
Last night he took on the absurd concept that GE, the world's largest corporation, did not pay US taxes last year. Meanwhile, the GOP continues its attempts to club unions on the gourd. 'At the same time that public workers are living their Champale wishes and Spam-viar dreams,' Stewart says, 'we're making it harder and harder for good, honest corporate citizens to create jobs here.' He then breaks down the absurdity of GE's corporate tax rate -- 'negative sixty percent' -- versus the fact that it's taking all its jobs overseas. Don't want to spoil it for you, but watch through to the end... he gets a real zinger in there.