Bernie Sanders Exposes 18 CEOs who took Trillions in Bailouts, Evaded Taxes and Outsourced Jobs

Of course, this does not mean we couldn't find plenty of such things among the other signers of the letter.

http://www.politicususa.com/2012/10/25/bernie-sanders-exposes-18-ceos-trillions-bailouts-evaded-taxes-outsourced-jobs.html

by: Jason Easley more from Jason Easley
Thursday, October, 25th, 2012

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.

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Many of the CEO’s 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.

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Here are the 18 CEO’s Sanders labeled job destroyers in his report. (All data from Top Corporate Dodgers report.)

1). 1. Bank of America CEO Brian Moynihan
Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.
Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.6 billion.

2). Goldman Sachs CEO Lloyd Blankfein ...

3). JP Morgan Chase CEO James Dimon ...

4). General Electric CEO Jeffrey Immelt

5). Verizon CEO Lowell McAdam ...

6). Boeing CEO James McNerney, Jr. ...

7). Microsoft CEO Steve Ballmer

8). Honeywell International CEO David Cote

9). Corning CEO Wendell Weeks

10). Time Warner CEO Glenn Britt

11). Merck CEO Kenneth Frazier

12). Deere & Company CEO Samuel Allen

13). Marsh & McLennan Companies CEO Brian Duperreault

14). Qualcomm CEO Paul Jacobs

15). Tenneco CEO Gregg Sherill

16). Express Scripts CEO George Paz

17). Caesars Entertainment CEO Gary Loveman

18). R.R. Donnelly & Sons CEO Thomas Quinlan III