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10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America

Submitted by Bob-45 on Sat, 11/03/2012 - 15:41

Economy

October 26, 2012 · By Sarah Anderson and Scott Klinger · Originally published in AlterNet
The Fix the Debt coalition is using the so-called "fiscal cliff" to push the same old corporate agenda of more tax breaks while shifting the burden on to the rest of us.

Brace yourself for one of the most aggressive corporate lobbying campaigns of all time. And one of the most hypocritical.

Monopoly“Fix the Debt ” is a coalition of more than 80 CEOs who claim they know best how to deal with our nation’s fiscal challenges. The group boasts a $60 million budget just for the initial phase of a massive media and lobbying campaign.

Where is the phuking FBI?

Submitted by Barracuda_Trader on Sat, 11/03/2012 - 16:04. Permalink

1. Jeffrey Immelt, General Electric

Perhaps no tax-dodging U.S. corporation has done more to drain the U.S. Treasury than General Electric. Over the last 10 years GE reported more than $80 billion in U.S. pre-tax profits and yet paid a federal corporate income tax rate of just 2.3% .

2. Jim McNerney, Boeing

Last year, Boeing was one of 25 major U.S. firms that paid their CEO more than they paid Uncle Sam in corporate income taxes, according to an Institute for Policy Studies report .

3. Lloyd Blankfein, Goldman Sachs

Few corporations have been as dependent on U.S. taxpayers for their very existence as Goldman Sachs. The 2008 bailout of American International Group and the steady stream of low- and non-interest loans for the financial sector have kept the company alive.

4. Brian T. Moynihan, Bank of America

After a decade of risky and reckless mortgage lending, Bank of America survived the 2008 financial crash with the help of a $45 billion bailout. Today, Bank of America sits on $128 billion in cash — $18 billion of it is overseas —and much of that is sitting in the company’s 115 tax haven subsidiaries .

5. David Cote, Honeywell Corporation

Over the last three years, Honeywell received more than $2.7 billion in federal defense contracts and reported more than $2.5 billion in U.S. pre-tax profits. And yet thanks to corporate deductions, tax subsidies, and loopholes, Honeywell has claimed $377 million in federal tax refunds during this period.

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The Real Question: "Will Americans Throw Off The Chains of 100 Years of Debt Slavery & Tax Bondage in 2012?" --Google that!
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