CEOs Who Collect Billions In Govt. Money Demand Cuts To Poor, Elderly

[J.E.D]

These are the companies who the GOP claims are hurting; corporate welfare beneficiaries who take advantage of tax loopholes and are actually doing pretty well.

The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed.

The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills.

The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond.

During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly.

As part of their push, they are advocating a "territorial tax system" that would exempt their companies' foreign profits from taxation, netting them about $134 billion in tax savings, according to a new report from the Institute for Policy Studies titled "The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks" -- money that could help pay off the federal budget deficit.

Yet the CEOs are not offering to forgo federal money or pay a higher tax rate, on their personal income or corporate profits. Instead, council recommendations include cutting "entitlement" programs, as well as what they call "low-priority spending."

Many of the companies recommending austerity would be out of business without the heavy federal support they get, including Goldman Sachs and JPMorgan Chase, which both received billions in direct bailout cash, plus billions more indirectly through AIG and other companies taxpayers rescued.

source

 

[Lumpy 1]

Just sayin...


University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Sidley Austin LLP $600,298
Stanford University $595,716
National Amusements Inc $563,798
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295





Top Contributors to Barack Obama | OpenSecrets

 

[J.E.D]

and?...

Top contributors to Romney:

Goldman Sachs $994,139
Bank of America $921,839
Morgan Stanley $827,255
JPMorgan Chase & Co $792,147
Credit Suisse Group $618,941
Wells Fargo $598,379
Deloitte LLP $554,552
Kirkland & Ellis $496,722
Citigroup Inc $465,063
Barclays $428,250
PricewaterhouseCoopers $421,085
UBS AG $400,390
HIG Capital $385,500
Blackstone Group $360,225
Ernst & Young $293,067
EMC Corp $288,440
General Electric $287,495
Elliott Management $281,925
Bain Capital $279,220
Rothman Institute $263,700

You were saying?

 

[Lumpy 1]

..and more


AIG IN FACTS
● THE BIG STORY: $101.3 BILLION LAUNDERED THRU AIG to pay other U.S. and FOREIGN banks (some big Obama donors).
● THE DISTRACTION: $165 MILLION AIG BONUSES allowed by the so-called Stimulus bill
● THE REAL AGENDA: PRECEDENTS & EXPANSION BY GOVERNMENT
The government and the media want Americans to focus on the $165 millions in contractual bonuses AIG gave to their employees.
They fail to mention: The bonus loophole was inserted by Democrat Senator Chris Dodd in the so-called Stimulus bill.
They fail to mention: $101.3 Billion bailout money has been laundered thru AIG to pay special interest firms. We are failing to focus on the big picture: Politicians are creating precedent for government confiscations and expansion – all financed with our taxpayer money.

AIG BONUSES TO POLITICIANS
Democrats received 68% of AIG’s contributions for the 2008 elections.
#1 AIG RECIPIENT: DEMOCRAT BARACK OBAMA
Democrat Barack Obama● Obama & leaders in Congress rammed the “Stimulus” bill thru Congress not allowing enough time to read the bill and opening the chance for problems like AIG’s bonuses.
● Obama’s most generous donors include many of the companies that received bailout money.

AIG & OBAMA: Laundering Our*Money? « FactReal

 

[J.E.D]

Thanks for proving my point. These guys don't need more breaks.

 

[bitterlyclingin]

"Never let a legitimate crisis go to waste" Chicago Brass Knuckle Thug and Current Mayor Rahm Emanuel salivating at the prospect of being able to reward all of Barack Obama's donors generously at taxpayer expense under the guise of an economic stimulus package while appearing to be a hero to the witless throngs who cast their ballots for Baracky Obammunist, November, 2008.

"Those people receiving Government welfare as well as those receiving other forms of government largesse, along with the working poor, constitute a critical mass that if manipulated properly could lead to the installation a (Communist) in high office and maintain him there for a considerable time" Barack Obama, Loyola University, 1998. Like Hitler with his "Mein Kampf" we were warned in advance what was coming.

Note To The Unions Playing Class Warfare Card Against Walmart: If You Erased CEO’s Entire Salary You Could Raise Hourly Wage For Company’s Workers By One Penny… | Weasel Zippers

 

[J.E.D]

^nutjob^

 

[rdean]

Just sayin...


University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Sidley Austin LLP $600,298
Stanford University $595,716
National Amusements Inc $563,798
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295





Top Contributors to Barack Obama | OpenSecrets

What the fuck is wrong with you people??????????????

You don't even bother to READ YOUR FUCKING SHIT!!!!!!!!!!!!!!!!!!!!

organizations that bundle together many individual contributions are often among the top donors to presidential candidates.

Just sayin...​

 

[GuyPinestra]

^nutjob^

Defined as anyone who thinks Obama is less than honest...

 

[whitehall]

Where did tax loopholes come from? Tax loopholes were created by A-holes who didn't have a clue or didn't give a damn about the job they were supposed to do. Does anyone in their right mind think the fools in the federal bureaucracies really care about the American people? The number #1 purpose of a bureaucracy is to get bigger and confiscate more money. You libs need to ask yourselves why the chairperson of the House Banking Committee, Barney Frank who had oversight responsibility for Fannie Mae, told the American people that Fannie was doing fine when it was on the verge of collapse. Maybe he was a fool or maybe he just didn't give a shit because his salary was secure and confiscated from the American people. We need to take a hard look at the system that created "the war on poverty" forty years ago and succeeded in nothing but creating more poverty at the cost of trillions of dollars. If the radical left worried more about the people they elected than the private sector's "loopholes" we might get somewhere.

 

[Avorysuds]

and?...

Top contributors to Romney:

Goldman Sachs $994,139
Bank of America $921,839
Morgan Stanley $827,255
JPMorgan Chase & Co $792,147
Credit Suisse Group $618,941
Wells Fargo $598,379
Deloitte LLP $554,552
Kirkland & Ellis $496,722
Citigroup Inc $465,063
Barclays $428,250
PricewaterhouseCoopers $421,085
UBS AG $400,390
HIG Capital $385,500
Blackstone Group $360,225
Ernst & Young $293,067
EMC Corp $288,440
General Electric $287,495
Elliott Management $281,925
Bain Capital $279,220
Rothman Institute $263,700

You were saying?

Well, a half way intelligent person would know Dems are the party in the majority of power and on top of that Mitt lost the election.

Why not talk about how Dems/Obama are giving billions away... Let me guess why you target the party out of power to attack...