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Showing Original Post only (View all)Sanders Shames CEOs Lecturing 'America' on the Economy [View all]
from Politicususa:
Sen. Bernie Sanders fired back at 80 CEOs who wrote a letter lecturing America about deficit reduction by released a report detailing how 18 of these CEOs have wrecked the economy by evading taxes and outsourcing jobs.
80 CEOs raised the ire of Sen. Sanders by publishing a letter in the Wall Street Journal urging America to act on the deficit, and reform Medicare and Medicaid.
Sen. Sanders responded to the lecture from Americas CEOs by releasing a report that detailed how 18 of them have helped blow up the deficit and wreck the economy by outsourcing jobs and evading US taxes.
Sanders said,
There really is no shame. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nations finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might want to take a hard look at their responsibility for causing the deficit and this terrible recession.
Our Wall Street friends might also want to show some courage of their own by suggesting that the wealthiest people in this country, like them, start paying their fair share of taxes. They might work to end the outrageous corporate loopholes, tax havens and outsourcing provisions that their lobbyists have littered throughout the tax code contributing greatly to our deficit.
Many of the CEOs who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. As a result, at least a dozen of the companies avoided paying any federal income taxes in recent years, and even received more than $6.4 billion in tax refunds from the IRS since 2008.
Several of the companies received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department.
Many of the companies also have outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits. In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years.
Here are the 18 CEOs Sanders labeled job destroyers in his report...
read: http://www.politicususa.com/2012/10/25/bernie-sanders-exposes-18-ceos-trillions-bailouts-evaded-taxes-outsourced-jobs.html#.VVkMEMPMRsh.facebook
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I wonder if the working class will ever revolt and take back the zillions that was stolen from them.
olegramps
May 2015
#72
Exactly! This is going to be a freakin' amazing campaign! Even if just for the knowledge!
arcane1
May 2015
#52
we need a special CEO asshole tax. at least 60% on ALL their monee. no investments dodge.
pansypoo53219
May 2015
#23
We need a modern day Public Enemy list, and these guys should be at the top.
Dark n Stormy Knight
May 2015
#41
I think New Guinea used to be pretty good for that. Or maybe it was headhunters.
Buns_of_Fire
May 2015
#43
Send them to that brand-new Japanese island. They can be truly self-made there n/t
arcane1
May 2015
#55
Why does a candidate have to say this? Haven't we got a Democratic President already? n/t
jtuck004
May 2015
#61
The fact that she hasn't made it clear that she won't cut benefits makes me nervous.
rhett o rick
May 2015
#83