In Chicago, Aaron Krager of The Political is Personal covered the delivery of a light bulb piñata by activists from Stand Up! Chicago. The group suggested some “bright ideas” at the residence of General Electric board member Robert Lane on Thursday, March 29th.
Mr. Lane is one of sixteen board members for the massive conglomerate that touts themselves as an admired and American company. Meanwhile over the last decade GE paid an average of just 2.3 percent in taxes on $81.2 billion in profits. The marginal tax rate on corporations sits at 35 percent. GE spent more than $84 million in lobbying expenses while garnering tax rebates totaling $4.7 billion over the last three years.
“I am not going to discuss what you are calling about,” said Lane in reference to the suggestions. When asked about receiving the package he gave a positive acknowledgement of an “uh huh.”
The group planned the delivery in order to appeal to the independence Lane has on the board. A few of the “bright ideas” included asking for the $3.2 billion tax return GE received in 2010 be repaid to the taxpayers and begin paying their fair share in the coming years. They want GE to create jobs here in the United States. The company cut their workforce down to 133,000 in 2010, the most recent statistics available on their site, from 165,000 in 2004.
Watch the delivery take place: