Detailed text transcripts for TV channel - FOXNEWS - 20120405:00:31:00
World sounds bad these corporations like g.e. don't pay any taxes? >> g.e. literally doesn't pay any taxes or it didn't two years ago. did a little better last year. i don't know if that's jeffrey immelt as ceo working with president obama. they upped it a little bit. effective tax rate for corporate america depending on how you calculate it runs anywhere from 12.5 to 26%. >> bill: that's reasonable, right? >> that's reasonable. >> bill: flat tax it and knock out all the loopholes or keep the loopholes and they pay 12 to 26. >> exactly. another little factor in here never discussed. that is am...
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