Wolf targets GE for China operations

Rep. Frank Wolf, R-Va., publicly lambasted General Electric after a new study found that the company was a top corporate taxpayer in China in 2008 yet paid zero taxes in the U.S. in 2010.

In a speech on the House floor Wednesday, Wolf said the revelation was “particularly alarming” at a time when the economy is floundering and lucrative companies like GE are sending jobs overseas.