Yes, it's true and I'm sure most people here have already heard about this. To me, it's one more indication that the corporate power of multinational entities over the federal government--through lobbyist and advisors in the White House cabinets of both major political parties in the USA---can hardly be overestimated on economic matters.
Some business groups complain that the US tax code has a top corporate rate of thirty-five percent and that's too high. OK, that's a debatable point and good people can disagree on this.
But for GE, that made an estimated 5 billion dollars last year in the USA alone, to pay no taxes? And to be subsidized by $3.2 billion?
This while our public schools have to cut back and our public universities increase tuition? This while our seniors are threatened by the Congress with cuts in Medicare? This while we are in such debt to foreign banks the government itself could shut down?
This is the sort of thing that might make reasonable people interested in civic affairs a tad cynical.