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I wonder if the companies that will go to capital hill to cry that health care will cost them too much will arrive in their tricked out company jets and if the media will even notice.
I wonder if the companies that will go to capital hill to cry that health care will cost them too much will arrive in their tricked out company jets and if the media will even notice.
Many companies use jets because they are quick and convenient. To business, time is money - I know this is an alien concept to lefties cuz they don't understand the concepts of business. Seriously, this is just such a stupid remark.
You're so predictable.
I can't believe that people can look at what this Congress is doing and not be horrified. What right in the United States of America does Congress have to demand that CEO'S of PRIVATE companies stand before them and explain themselves. IRS audit maybe.. but CONGRESS? People better open their eyes.
Democrats threaten companies hit hard by health care bill
By: Byron York
Chief Political Correspondent
March 28, 2010
Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republican describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation."
Read more at the Washington Examiner: Democrats threaten companies hit hard by health care bill | Washington Examiner
Did you guys weep when Enron executives had to appear before Congress? Did you cry about the constitution then?
Assholes.
SCOTUS rulings have shown that corporations are afforded the same rights under the Constitution as natural persons.I can't believe that people can look at what this Congress is doing and not be horrified. What right in the United States of America does Congress have to demand that CEO'S of PRIVATE companies stand before them and explain themselves. IRS audit maybe.. but CONGRESS? People better open their eyes.
Democrats threaten companies hit hard by health care bill
By: Byron York
Chief Political Correspondent
March 28, 2010
Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republican describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation."
Read more at the Washington Examiner: Democrats threaten companies hit hard by health care bill | Washington Examiner
Corporations are NOT private companies.
They are legally chartered entities.
Corporations are basically creatures of the state.
They exist in their present form becasue we allow them to exist.
You keep on playing Captain Obvious, here.What AT&T isn't telling you is that the money they are "losing" is money the were previously allowed to write off.
Here is a good explanation of the entire thing.
Basically this shuts off a bit of corporate welfare.
Steffy: Health care havoc? Nope, not at all | Business: Loren Steffy | Chron.com - Houston Chronicle
Yes, there is something wrong with a demand to testify about their following accounting regulations that just happen to put a new bill in a bad light. It is an abuse of power and a fishing expedition.What they (Congress) are doing is nothing illegal or even wrong. There is nothing wrong with asking these companies to explain their accounting changes.
It is what Congress does after these hearings that we need to watch i.e. fines, penalties, audits, imprisonment of principals etc. etc. etc.
If I understand the implications of these write downs, it will mean a hit to government tax revenues this year. If these companies take hits to their first quarter income, it is going to start this Health Care Bill off on the wrong foot as it will have already cost the government over $1.5 billion dollars ($4.5B*35%) in tax revenue and they have not even had the chance to finish smoking their cigarettes after screwing the American people.
Yeah, I know, that is small change to them and in the long run, if these write downs are allowed, Congress won't even attribute the hit in tax revenues to the Health Care raping of America, but it sure is not going to please them that these companies don't just fall in line with Congress and don't accept that Congress knows what is best for America.
Immie
Note: an estimate in a prior posts stated the estimated figure was $4.5 billion. If A.T.&T is taking a Billion itself, I have to think that the figure is going to be a lot higher then $4.5 billion. A.T & T is only one large company. What about all the others?
Probable cause is lost on you. And, unless the corporations are 'lying' in financial statements, there is nothing, absolutely NOTHING illegal about corporations telling the press that this bill will cost them prohibitive amounts.Doesn't anyone find it shocking that taxpayers are giving AT&T 1 billion in corporate welfare and then they get to turn around and write that off as an EXPENSE?
It's quite possible that Waxman knows they are lying about the amount and that is why he wants to see their bookkeeping.
Probable cause would be knowing exactly how much we give in subsidies to AT&T. If it isn't 1 billion they should have no problem proving that.Probable cause is lost on you. And, unless the corporations are 'lying' in financial statements, there is nothing, absolutely NOTHING illegal about corporations telling the press that this bill will cost them prohibitive amounts.Doesn't anyone find it shocking that taxpayers are giving AT&T 1 billion in corporate welfare and then they get to turn around and write that off as an EXPENSE?
It's quite possible that Waxman knows they are lying about the amount and that is why he wants to see their bookkeeping.
And that is NOT the reason for Waxman's demand. Read the article.Probable cause would be knowing exactly how much we give in subsidies to AT&T. If it isn't 1 billion they should have no problem proving that.Probable cause is lost on you. And, unless the corporations are 'lying' in financial statements, there is nothing, absolutely NOTHING illegal about corporations telling the press that this bill will cost them prohibitive amounts.Doesn't anyone find it shocking that taxpayers are giving AT&T 1 billion in corporate welfare and then they get to turn around and write that off as an EXPENSE?
It's quite possible that Waxman knows they are lying about the amount and that is why he wants to see their bookkeeping.
Hence the hearing.
But good for you that you support this type of corporate welfare.
I can't believe that people can look at what this Congress is doing and not be horrified. What right in the United States of America does Congress have to demand that CEO'S of PRIVATE companies stand before them and explain themselves. IRS audit maybe.. but CONGRESS? People better open their eyes.
Democrats threaten companies hit hard by health care bill
By: Byron York
Chief Political Correspondent
March 28, 2010
Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republican describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation."
Read more at the Washington Examiner: Democrats threaten companies hit hard by health care bill | Washington Examiner
Corporations are NOT private companies.
They are legally chartered entities.
Corporations are basically creatures of the state.
They exist in their present form becasue we allow them to exist.
SCOTUS rulings have shown that corporations are afforded the same rights under the Constitution as natural persons.
And they have the Constitutional right to protection under the 4th Amendment.Corporations are NOT private companies.
They are legally chartered entities.
Corporations are basically creatures of the state.
They exist in their present form becasue we allow them to exist.
SCOTUS rulings have shown that corporations are afforded the same rights under the Constitution as natural persons.
Yes, I know.
A terrible mistake, in my opinion.
However they are NOT people, and there's canon of CORPORATE LAW specifically designed to address what these legal entities can and cannot do.
So while they may have similar rights to citizens, they are NOT citizens with rights.
They are legal entities with duties and obligations which no citizen has.
Did you guys weep when Enron executives had to appear before Congress? Did you cry about the constitution then?
