Obama Promoting Tax Cuts at Boeing, a Company that Paid Nothing in Net Federal Taxes Over Past Decade

"On February 17, the President plans to visit a Boeing plant in Washington state to tout his
proposed new tax breaks for American manufacturers. This is an odd setting to discuss new tax
cuts, because over the past 10 years (2002-11), Boeing has paid nothing in net federal income
taxes, despite $32 billion in pretax U.S. profits.
On the contrary, Boeing has actually reported more than $2 billion in negative total federal taxes
over that period. Only twice in the last 10 years has Boeing reported a positive federal income
tax liability. In each of the other eight years, including the last four, Boeing's federal income
taxes were negative."

rest at http://www.ctj.org/pdf/boeing2012.pdf