10 Filthy Rich Tax Dodging Hypocrites( and how they're trying to get rid of SS, Medicare & Medicaid)

[octoberlib]

http://www.salon.com/2012/10/27/ten_filthy_rich_tax_dodging_hypocrites/ Brace yourself for one of the most aggressive corporate lobbying campaigns of all time. And one of the most hypocritical.



“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. The irony is that CEOs in the coalition’s leadership have been major contributors to the national debt they now claim to know how to fix. These are guys who’ve mastered every tax-dodging trick in the book. And now that they’ve boosted their corporate profits by draining the public treasury, how do they propose we put our fiscal house back in order? By squeezing programs for the poor and elderly, including Social Security, Medicare, and Medicaid.




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 .

Last year, after investors saw their stock price decline 58 percent and 30,000 Bank of America employees lost their jobs to layoffs, CEO Brian Moynihan saw his compensation quadruple to more than $8 million. His predecessor, Ken Lewis, raked in more than $50 million in the two years before the housing bubble that Bank of America had help inflate burst in 2008. To find out who the other 9 are, click on the link.