Yippy Skippy! Lets keep it going: Run the tax dodgers out-of-town
Cote is one of the leading voices of the "Fix the Debt" campaign, which argues that the federal deficit needs to be addressed before anything else, and that deficit reduction should primarily come from Social Security and Medicare beneficiaries. Fix the Debt has already been exposed as a front group for the world's richest war profiteers to protect their billion-dollar Pentagon contracts, and the world's worst corporate tax dodgers to protect their egregious loopholes and gimmicks in the US tax code.
If Donald Trump started going on tour marketing a campaign to "fix the housing crisis" that involved evicting tenants of section 8 housing to incorporate into his own real estate empire, he would rightly be laughed off of the stage and ridiculed relentlessly for his greedy, predatory behavior against the most vulnerable. The same thing happened to Honeywell CEO David Cote this week.
Honeywell is a leading tax dodger and war profiteer, having secured $1.5 billion in defense contracts in 2012, and paying a minus .7% federal income tax rate between 2008 and 2010. Honeywell is sitting on an impressive $39.8 billion in assets and is the 33rd largest recipient of tax dollars out of the top 100 military contractors. So it's pretty ballsy for a CEO of a corporation that got money back from Uncle Sam instead of paying taxes, to insist that retirees and the disabled pay down the national debt before he loses any of his billions.
When is this country going to wake up and make these people accountable?