UK Uncut is a grassroots action to fight back against Draconian budget cuts in order to finance corporate tax cuts in the UK. Tomorrow, March 26, we will see the American version try to raise the public consciousness when US Uncut engages in civil actions across the country protesting the tax code loopholes that enable companies like Bank of America to pay little or no taxes while receiving the benefit of taxpayer funded subsidies and ‘bailouts’.

US Uncut is a grassroots movement taking direct action against corporate tax cheats and unnecessary and unfair public service cuts across the U.S. Washington’s proposed budget for the coming year sends a clear message: The wrath of budget cuts will fall upon the shoulders of hard-working Americans. That’s unacceptable.

Obama seeks to trim $1.1 trillion from the budget in the next ten years by cutting or eliminating over 200 federal programs, many dedicated to social services and education. For instance, it cuts in half funding to subsidize heating for low-income Americans; limits an expansion of the Pell grant program for students; and decreases Environmental Protection Agency funding by over 12%.

The big story has been how GE not only avoided paying any taxes on a $14 billion profit but also received $3.2 billion in tax benefits. So, when considering the concept of corporate personhood, it seems corporations really aren’t like people after all.

The largest corporation in America paid precisely zero dollars in taxes to the government last year. Despite making $14.2 billion in profits, General Electric managed to exploit legal loopholes and tax breaks to avoid paying any corporate tax in the U.S., reports David Kocieniewski at The New York Times. In fact, GE was able to claim a tax benefit of $3.2 billion in 2010. GE’s extraordinary success at avoiding taxes comes courtesy of an “aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore,” says Kocieniewski. Who’s to blame for what critics are calling a “travesty”?

GE is also responsible for the Mark 1 reactor design being used at the stricken Fukushima nuclear power plaint that is suspected to have failed. “Thirty-five years ago, Dale G. Bridenbaugh and two of his colleagues at General Electric resigned from their jobs after becoming increasingly convinced that the nuclear reactor design they were reviewing — the Mark 1 — was so flawed it could lead to a devastating accident. ”

Real persons would have gone to jail for fraud.

Lawrence O’Donnell takes GE, parent company to MSNBC, to task and asks if maybe now we should move for real tax reform.

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