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eridani

(51,907 posts)
5. Running the Tax Dodgers Out of Town
Tue Feb 12, 2013, 09:42 PM
Feb 2013

Looks like the intervention is going well--
http://readersupportednews.org/opinion2/279-82/15994-focus-running-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.

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.

Cote took his message to Manchester, New Hampshire, on Monday, February 11th, and was shut down by grannies and veterans. Just minutes into Cote's speech, activists with the Flip the Debt campaign and US Uncut New Hampshire began loudly informing the audience about Honeywell's obscenely low tax rate and handing out information to other attendees, while disabled workers and elderly retirees ceremoniously handed Cote their Social Security checks. One attendee was heard saying, "I only get $1200 a month to live on, but you need another yacht.

Latest Discussions»General Discussion»Seniors and Vets to Crash...»Reply #5