""Fix the Debt" CEOs Enjoy Taxpayer-Subsidized Pay"

[applegrove]

"Fix the Debt" CEOs Enjoy Taxpayer-Subsidized Pay

By Sarah Anderson, Scott Klinger, Javier Rojo at IPS

http://www.ips-dc.org/reports/ceo-tax-subsidized-pay

"SNIP.....................


A new report by IPS and Campaign for America's Future shows that America’s top CEOs are pocketing massive taxpayer subsidies at the same time they’re pushing austerity cutbacks in government programs that benefit ordinary citizens.

Thanks to a “performance pay” tax loophole, large corporations in the United States today are routinely deducting enormous executive payouts from their income taxes. In effect, these companies are exploiting the U.S. tax code to send taxpayers the bill for the huge rewards they’re doling out to their top executives.

•During the three-year period 2009-2011, the 90 publicly held corporate members of the austerity-focused “Fix the Debt” lobby group shoveled out $6.3 billion in pay to their CEOs and next three highest-paid executives.

•These 90 Fix the Debt member firms raked in at least $953 million — and as much as $1.6 billion — from the “performance pay” loophole between 2009-2011. The exact full value of corporate windfalls from this loophole will remain impossible to compute until we have more complete mandated disclosure for executive compensation.



......................SNIP"

[aquart]

1. Hang them high. It's overdue.

[Mister Ed]

2. So we could "Fix the Debt" by taxing these SOB's.

[Samantha]

3. Beyond appalling

I wish there were a way to plaster this everywhere, repeatedly, until those who are members of this organization could not turn around without seeing it. Unbelievable.

Sam

[ReRe]

4. "Fix-the-Debt" scoop

Everybody better mark this, because it won't be around long. Mark my word. Too many locked threads lately... just saying...

[JDPriestly]

5. K&R.

[JEB]

6. Start wars of choice,

kick Grandma to the curb and destroy a Democracy, all for profit.

[Triana]

7. Until people raise holy hell in the streets en masse

This is not going to stop. "Lock them up", people say. WHO is going to do that? Nobody - except us.

Richard Wolff mentions in this 50-minute talk about how complacent Americans are when their social safety nets are decimated and their money is stolen from them. This is why corpRATS and their lapdog politicians feel so free to do it. They're not afraid of us and they NEED to be.

[HiPointDem]

8. kr

[mopinko]

9. fix the debt member, and cubs owner, ricketts told to pound sand by rahm.

yeah, everybody love to hate him, but who else told these fuckers to take a hike?