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Oct 21, 2011

"Fifty percent of U.S. workers earned less than $26,364 last year, and those earning less than $200,000 per year - roughly 99 percent of Americans - saw their earnings fall a collective $4.5 billion"  For the 1%, their income ROSE $120 billion. Read more at....


http://www.cbsnews.com/incomes-fall-for-all-but-wealthiest-americans/8301-201_162-20123659.html

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Posted: Oct 21, 2011 7:51am
Mar 30, 2011

According to The New York Times, last year General Electric (GE) made over $14.2 billion in profit, but paid NO federal tax.1 None.

In fact, thanks to the millions GE spent lobbying Congress, we American taxpayers actually owed GE $3.2 billion in tax credits.2

Now GE is slashing health benefits and retirement benefits for new employees among non-union workers and is expected to push unions to accept similar cutbacks3, while its CEO, Jeff Immelt, gets a 100% pay raise.4

What's worse? Immelt now sits as chair of the President's Council on Jobs and Competitiveness (Jobs Council), representing corporate America to the President on matters like job creation and corporate taxation. That's a slap in the face to every hardworking, tax-paying American—especially GE employees.

That's why we're teaming up with Russ Feingold and his new group Progressives United today to call for Immelt to go. Will you join the call?

Sign the petition calling for GE CEO Jeff Immelt to step down as chair of the President's Jobs Council. 

One of the chief ways GE avoids paying taxes is by shifting a large portion of its profits overseas, and jobs follow.5 Now GE's CEO is the person charged with helping the President create jobs here in America. That's just perverse.

And if the American people got back just the $3.2 billion GE took in tax credits, it would pay for the programs that House Republicans want to gut, like community health centers providing care to over three million low-income people6 and food and health care assistance to pregnant women, new moms, and children.7 We'd even have enough left to save the jobs of over 21,000 teachers across the country.8 

The American deficit is being weighed down by hundreds of billions spent on bailing out major corporations. The tea party's plan is to make working families pay through devastating cuts, instead of making corporations with billions in profits pay their fair share.

But if we can hold Immelt accountable for GE's corporate irresponsibility, the nation will turn its attention to the injustice of corporate tax evasion in the face of the Republicans' budget-slashing attack on working families.

Make it all happen by signing the petition calling for Immelt to go. Just click below—and share this email with your friends, family, and social networks today. 

http://pol.moveon.org/immelt_must_go/?id=26713-8424909-MSa8u7x&t=2

Thanks for all that you do.

–Lenore, Tim, Marika, Kat, and the rest of the team

Sources: 

1. "G.E.'s Strategies Let It Avoid Taxes All Together," The New York Times, March 24, 2011 
http://www.moveon.org/r?r=207259&id=26713-8424909-MSa8u7x&t=3

2. Ibid. 

3. "After Paying Zero Income Taxes, GE Plans To Ask Its Union Workers To Make Wage and Benefits Concessions", ThinkProgress, March 28, 2011 
http://www.moveon.org/r?r=207260&id=26713-8424909-MSa8u7x&t=5

4. "UPDATE: GE Doubles CEO Immelt's Compensation, Shrinks Board", Smart Money, March 14, 2011 
http://www.moveon.org/r?r=207261&id=26713-8424909-MSa8u7x&t=6

5. "G.E.'s Strategies Let It Avoid Taxes All Together," The New York Times, March 24, 2011 
http://www.moveon.org/r?r=207259&id=26713-8424909-MSa8u7x&t=7

6. "NACHC Statement in Response to the Budget from the House Appropriations Committee," National Association of Community Health Centers website, February 9, 2011 
http://www.moveon.org/r?r=206514&id=26713-8424909-MSa8u7x&t=8

7. "Bye Bye, Big Bird. Hello, E. Coli.," The New Republic, February 12, 2011 
http://www.moveon.org/r?r=206104&id=26713-8424909-MSa8u7x&t=9

8. Based on an annual teacher's salary of $42,500, as noted in the Payscale website (updated March 19, 2011), accessed March 30, 2011 
http://www.moveon.org/r?r=207263&id=26713-8424909-MSa8u7x&t=10

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Posted: Mar 30, 2011 2:45pm
Jan 12, 2010
More leniency for homeowners seeking a modification by fudging their income 
The federal Home Affordable Modification Program (HAMP) is designed to modify troubled homeowner mortgages, ideally preventing . . . . Read More 
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Posted: Jan 12, 2010 3:42am
Jun 4, 2007
"Earlier this year, Deamonte Driver, a 12-year-old boy living in Maryland, died after he got a tooth infection that led to a brain infection".

How little we value our children. We let them walk around with rotten teeth. We would rather they die than have a universal health plan that covers fixing them.

We tell them to go to the emergency room for a $1,000 aspirin, which everyone pays for with the most expensive health insurance in the world. Our insurance covers the least amount, compared to all other civilized countries, at the most expensive rate globally.

We can prevent this kind of thing, but we have to fix the mania of corporate profits above all else. We need to do the right thing for all of our children.

Next, we need to discover what Dr. Weston Price has to say about dental health... or we risk disaster for future generations. Contact me for more information if interested.
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Posted: Jun 4, 2007 1:22pm

 

 
 
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