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GE CEO Immelt Admits Corporate Tax Holidays Don’t Create Jobs, But Says We Should Have One Anyway

To quote a friend of mine: "So, let me digest this. It didn't work last time. You say you don't have any reason to believe it would work differently this time. It actually made things worse last time for it's stated goal, but made more money for corporations who stashed money overseas.

Now you want us to do it again. Because, hey, maybe it'll be different this time.

Hey, Lucy, I'm not going to try to kick that football anymore."

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The Forbidding Archivist

November 2011

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