Archive for the ‘Politics’ Category

Cheating America- 25 CEOs who make more than their companies pay in taxes

March 19, 2012

This is unbelievable, folks!

Robert Sobel's photo

Orlando Liberal Examiner
August  2011

The growing gap between the rich and the poor in the United States is at an all time high. Over the last thirty years, since the destructive Reagan Administration, the once proud middle class that helped build the country from the ground up has taken a beating. As big business has bought its way into the pockets of our elected officials, the “average Joe” has been the one who has really been paying the price. Since the 1980s, the rate of CEO pay has sky rocketed while the rate of the worker has stayed stagnant. More Americans have lost their jobs as companies have taken full advantage of the free trade agreements we have and have created jobs in other countries where workers will accept pathetically low wages.

According to a new study by the Institute for Policy Studies has come to find that 25 of the top CEO’s, including from companies like Verizon, Coca-Cola & General Electric, were paid more money than their companies paid the government in taxes. This should not come as a surprise, the laws that give these companies the ability to weasel their way into not paying their fair share got their on purpose. These big companies spend big money lobbying in Washington to pay off politicians so they can enact the laws that let them get away with this. Verizon alone paid nearly $17 million towards lobbying and almost another $19 million towards campaign contributions for their favorite Republican friends. The politicians that are bought off need to be voted out, and replaced with people who will represent real Americans. The corporate loop holes and tax cuts that do nothing but add to the bank accounts of the big wigs of the companies should be replaced by a fair tax that benefits everyone and not just a select few. Real reform in trade and the tax code has to happen to get the country back on track.
Americans need to get together to unite as a single voice for the middle class. As the rich get richer and the rest of the country continues to struggle, something clearly needs to be done. The average American worker might not be able to buy their way to a true democracy, but together their voice can be heard, it might be their only chance left.
1. GENERAL ELECTRIC CEO. : Jeff Immelt
2010 Pay: $15,199,762
U.S. Corporate Income Taxes Paid, 2010: -$3.2 billion
2. ALLEGHENY TECHNOLOGIES CEO: Patrick Hassey
2010 Pay: $14,978,587
U.S. Corporate Income Taxes Paid, 2010: -$47 million
3. MYLAN LABORATORIES CEO: Robert Coury
2010 Pay: $14,975,235
U.S. Corporate Income Taxes Paid, 2010: -$73 million
4. WYNN RESORTS LTD CEO: Steve Wynn
2010 Pay: $14,615,779
U.S. Corporate Income Taxes Paid, 2010: $0
5. CAPITAL ONE FINANCIAL CEO: Richard Fairbank
2010 Pay: $14,850,675
U.S. Corporate Income Taxes Paid, 2010: -$152 million
6. MARSH & MCLENNAN CEO: Brian Duperreault
2010 Pay: $14,038,187
U.S. Corporate Income Taxes Paid, 2010: -$90 million
7. BOEING CEO: Jim McNerney
2010 Pay: $13,768,019
U.S. Corporate Income Taxes Paid, 2010: $13 million
8. MOTOROLA SYSTEMS CEO: Gregory Q. Brown
2010 Pay: $13,732,802
U.S. Corporate Income Taxes Paid, 2010: $7 million
9. NABORS INDUSTRIES CEO: Eugene Isenberg
2010 Pay: $13,537,486
U.S. Corporate Income Taxes Paid, 2010: -$138 million
10. QWEST COMMUNICATIONS CEO: Edward Mueller
2010 Pay: $13,446,399
U.S. Corporate Income Taxes Paid, 2010: -$14 million
11. CABLEVISION SYSTEMS CEO: James Dolan
2010 Pay: $13,320,691
U.S. Corporate Income Taxes Paid, 2010: -$3 million
12. MOTOROLA MOBILITY CEO: Sanjay Jha
2010 Pay: $13,016,126
U.S. Corporate Income Taxes Paid, 2010: $12 million
13. EBAYCEO: John J. Donahoe
2010 Pay: $12,382,486
U.S. Corporate Income Taxes Paid, 2010: -$131 millio
14. INTERNATIONAL PAPER CEO: John Faraci
2010 Pay: $12,303,423
U.S. Corporate Income Taxes Paid, 2010: -$249 million
15. STANLEY BLACK & DECKER CEO: John Lundgren
2010 Pay: $32,570,596
U.S. Corporate Income Taxes Paid, 2010: -$183 million
16. FORDCEO: Alan Mulally
2010 Pay: $26,520,515
U.S. Corporate Income Taxes Paid, 2010: -$69 million
17. CHESAPEAKE ENERGY CEO: Aubrey McClendon
2010 Pay: $21,044,952
U.S. Corporate Income Taxes Paid, 2010: $0
18. AON CEO: Gregory Case
2010 Pay: $20,783,301
U.S. Corporate Income Taxes Paid, 2010: $16 million
19. BANK OF NEW YORK MELLON CEO: Robert Kelly
2010 Pay: $19,379,257
U.S. Corporate Income Taxes Paid, 2010: -$670 million
20. COCA-COLA CEO: John F. Brock
2010 Pay: $19,114,318
U.S. Corporate Income Taxes Paid, 2010: $8 million
21. VERIZON CEO: Ivan Seidenberg
2010 Pay: $18,126,854
U.S. Corporate Income Taxes Paid, 2010: $-705 million
22. DOW CHEMICAL CEO: Andrew Liveris
2010 Pay: $17,739,490
U.S. Corporate Income Taxes Paid, 2010: -$576 million
23. PRUDENTIAL FINANCIAL CEO: John Strangfeld
2010 Pay: $17,187,028
U.S. Corporate Income Taxes Paid, 2010: -$722 million
24. AMERIPRISE CEO: James Cracchiolo
2010 Pay: $16,252,851
U.S. Corporate Income Taxes Paid, 2010: -$224 million
25. HONEYWELL CEO: David Cote
2010 Pay: $15,216,953
U.S. Corporate Income Taxes Paid, 2010: -$471 million

This may have been written in August, but this is NOT OLD or UNIMPORTANT NEWS!

There you have it..please contact the White House, your senators and your representatives.

Please pass this on….

This is MeddlingMom…this is YOUR COUNTRY. Have a good evening….

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Congress-Writing Your Own Petition-Exercise

February 16, 2012

Hello, Everyone,

It’s been awhile…yes, going to the gym..taking it slow. I’ve only been there 5 times so far. I am doing a little exercise in between…anyway, taking it slow, but it is having an impact. When I went yesterday…the sneakers are not such an issue anymore and I can see that I am more flexible..it’s easier to get on the machines, even though they are designed for someone 5’8 or 5’9..I am 5’1…but it’s all become easier. Yesterday, I did 25 minutes on the bike, about 4.5 miles and 3 sets of 12 on 3 machines…felt pretty good about it…will increase it soon…thinking about hiring a trainer…will have to look into it.

The reason I am writing today is that I received an e-mail this morning from my friend Bonnie. We have known each other since I was 4 and she was 2 1/2….that’s a long time. I have not fact checked this info, but it sounds like a great idea. Please take a look and if you like it, send it to your peeps.

Winds of Change….Warren Buffet is asking each addressee to forward this email to a minimumof twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message.

This is one idea that really should be passed around.

_*Congressional Reform Act of 2011*_

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no

pay when they’re out of office.

2. Congress (past, present & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security

system immediately. All future funds flow into the Social Security system

and Congress participates with the American people. It may not be used for

any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will

rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same

health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 1/1/12.

The American people did not make this contract with Congressmen/women. Congressmen/

women made all these contracts for themselves. Serving in Congress is an honor, not a

career. The Founding Fathers envisioned citizen legislators, so ours should serve their

term(s), then go home and back to work

If each person contacts a minimum of twenty people then it will only take three

days for most people (in the U.S. ) to receive the message.

Don’t you think it’s time?

THIS IS HOW YOU FIX CONGRESS!

If you agree with the above, pass it on. If not, just delete.

You are one of my 20+ – Please keep it going, and thanks.

After I started writing this blog I decided to fact check the info. I don’t think fact check

completely covered the areas mentioned. I thought they dispelled some of the issues, they’re

explanation was a little “thin” and that some areas were completely ignored. You can write to them

and challenge them to be complete. http://www.factcheck.org.

Take a look and by the way, there is no mention of Warren Buffett having suggested all of this.

It is good fodder for a rich discussion. I hope you will pass thing along anyway…there is much

that can be done to strengthen our legislature.

http://www.factcheck.org/2011/03/congressional-reform-act/

If you would like to start a petition for any reason, I saw on Sunday Morning on CBS, that you can

go to http://www.change.org and there is a step-by-step for you to DIY. Molly Katchpole recently wrote a

petition aimed at Bank of America’s idea of charging $5/month to use the ATM. The result was that the

idea of a new fee was tossed out by the bank once they saw the petition. You go! Molly! My hero! FYI,

Molly is in her early 20’s . So no excuses out there. Here are two other such sites for your perusal:

www.signon.org and www.ipetitions.com/start-petition

Anyway, folks, I hope I’ve given you some food for thought. Have a wonderful weekend..Here in the

Philadelphia area, we have been enjoying weather in the high 40’s and low 50’s…so sorry about the

Global Warming (and we WILL be sorry!). For now we are really happy to be wearing light weight clothes

and feeling like it is almost spring!

This is MeddlingMom…wishing you all that is good…
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The Economy-Warren Buffett-Howard Schultz-Piers Morgan Tonight

August 18, 2011

As I was watching Piers Morgan’s show last night, right after Christine O’Donnell called Piers “rude” and quit the interview midstream, a most interesting and compelling guest came on the show and inspired this blog post.  Howard Schultz, Chairman and CEO of Starbucks  ( which, by the way, has made Fortune’s 100 Best Companies to Work For list for 13 years) was sincere, clear-thinking, respectful and appeared to be a very stable man.    He is calling for major corporations to boycott contributions for political campaigns because our elected officials are not doing their job, taking care of this country, solving problems.  Schultz believes we must restore confidence in America by doing the right things for this country.  He says there are principles  used by corporations which would help with our economic recovery and success.  He believes that one of the most important issues right now is re-establishing our credibility  and strengthening our nation. The American people must know that no matter what their station in life is, there is opportunity to excel and to stretch beyond any imaginable expectancy (those are my words) and that THE AMERICAN DREAM IS ALIVE!!!. He mentioned that for the first time in our history, we have more people employed by government than holding manufacturing jobs.

Oh, my, I just realized that Mr. Schultz sounds like an idealist… terrible thing. For the record …he was raised in the projects…

FYI, Starbucks was the first company in America to provide comprehensive healthcare for every employee.

Several days before the above interview, there were headlines about Warren Buffett‘s plea that he and others who earn a million dollars or more should pay more taxes. He said he paid a lower rate  than his domestic help (I think that’s what he said).

After all the garbage we’ve heard recently and for many months, it is truly a pleasure to hear some people speak with reason and intelligence. Thank you to Warren Buffett and Howard Schultz, my heroes today!

This is Meddling Mom….have a  good weekend…let me hear your thoughts  sometime…

Here is a comment from one of my readers about this post:

I think one of the reasons we have more people in government than in manufacturing is because we’ve out-sourced those jobs to other countries. This is a result of consumers’ demand for cheap goods and stockholder greed for profit. Ever since Barack Obama was elected president the right wing has abandoned their responsibility to the American people. After the election they stated that their goal is to make Obama a 1 term President and they have stuck to that goal. Their struggle for power has been the greatest impediment to this country’s progress. They blame Obama for the deficit. They don’t talk about the Money and lives lost for the senseless wars. If not for the wars and the greedy banks and Wall Street, everyone could have full healthcare coverage. Big money and lobbyists have taken away any power we ever had over elections. Look at Fox. Fox is a huge propaganda machine disguised as a legitimate news provider.


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