Honeywell CEO David Cote — who is part of an organization
called Fix the Debt that is pushing for steep cuts in social spending as part
of a “grand bargain” on the budget — acknowledged in an interview that the
sequester’s spending cuts will harm the economy. But he thinks they need to
happen anyway:
Cote is one of the
highest-paid CEOs in the country, making $37 million in 2011. Honeywell,
meanwhile, paid just a 2 percent tax rate between 2008 and 2011,
according to Citizens for Tax Justice, while receiving $1.7 billion in tax subsidies. Cote himself
has said that the corporate tax rate should be zero.
Don't know who the "Fix the Debt" haters are?????
Look out, the
"fixers" are coming.
Top corporate chieftains and Wall Street gamblers want to
tell Washington how to fix our national debt, so they've created a front group
called "Fix the Debt" to push their agenda. Unfortunately, they're
using "fix" in the same way your veterinarian uses it — their core
demand is for Washington to spay Social Security, castrate Medicare and geld
Medicaid.
their core demand is for Washington to
spay Social Security,
castrate Medicare and
geld Medicaid.
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