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Yet many companies say the current level is so high it hobbles them in competing with foreign rivals. Even as the government faces a mounting budget deficit, the talk in Washington is about lower rates. has said he is considering an overhaul of the corporate tax system, with an eye to lowering the top rate, ending some tax subsidies and loopholes and generating the same amount of revenue. He has designated G.E.’s chief executive, , as his liaison to the business community and as the chairman of the , and it is expected to discuss corporate taxes.

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Energy may be stored in a car in the form of gasoline, diesel, propane, natural gas, hydrogen, batteries, ultracapacitors, flywheels or compressed air. This energy is then recovered and converted to mecanical energy by a motor which uses the appropriate energy source. Cars that use rechargeable batteries only do not emit pollution. Electric cars charged from a coal fired grid are still more efficient and produce less pollution than gas engines. Electric cars come in all sizes and performance. Generally, lighter more aerodynamic cars perform better.

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03/09/2017 · Read this essay on General Electric


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Over the last decade, G.E. has spent tens of millions of dollars to push for changes in tax law, from more generous depreciation schedules on jet engines to “green energy” credits for its . But the most lucrative of these measures allows G.E. to operate a vast leasing and lending business abroad with profits that face little foreign taxes and no American taxes as long as the money remains overseas.

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A review of company filings and Congressional records shows that one of the most striking advantages of General Electric is its ability to lobby for, win and take advantage of tax breaks.

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The company's products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products....

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While General Electric is one of the most skilled at reducing its tax burden, many other companies have become better at this as well. Although the top corporate tax rate in the United States is 35 percent, one of the highest in the world, companies have been increasingly using a maze of shelters, tax credits and subsidies to pay far less.

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When General Motors and oil companies claim “the batteries are not ready”, they are asking you to ignore the hundreds of 2001, 2002 and 2003 Toyota RAV4-EV still running on EV-95 NiMH batteries, faultlessly performing to the specs needed for plug-in EVs and plug-in hybrids.