See other Dead Constitution Articles
Title: Warren: Richest U.S. companies ‘spending more on lobbying’ than taxes
Source:
[None]
URL Source: [None]
Published: Jan 25, 2012
Author: Andrew Jones
Post Date: 2012-01-25 14:23:10 by tom007
Keywords: None
Views: 82
Comments: 3
Warren: Richest U.S. companies ‘spending more on lobbying’ than taxes By Andrew Jones Wednesday, January 25, 2012 Print 15 Elizabeth Warren on The Daily Show. Screenshot via Comedy Central. Topics: elizabeth warren ♦ jon stewart ♦ middle class Massachusetts Senate candidate Elizabeth Warren (D) appeared on The Daily Show Tuesday evening, to discuss the economic challenges facing America’s middle class. The Harvard professor told host Jon Stewart of how the country’s politicians are surrounded by “an army of lobbyists” and “an army of lawyers” preventing them from helping average Americans. “If you’re in the drug business and you are selling prescriptions to seniors and you don’t want to have to negotiate over the prices, Washington works beautifully for you,” she said. “If you want subsidizes to drill for oil, Washington is working for you. If you run a hedge fund and you want to pay the lowest possible taxes, Washington is working for you.” Warren then mentioned a recent study on America’s most wealthy corporations, revealing a startling statistic that caused Stewart and the audience to groan in disgust. “It comes out that 30 of the largest companies of the United States are now spending more on lobbying than they pay in federal taxes,” she said. “Think about that. That is the investment and that’s what they see in the future.” Warren went on to explain that it’s America’s middle class which is paying for Washington’s excesses. “Who really pays for that?” she asked. “And the answer is America’s middle class. They’re the ones who are left to pick up all the pieces to pay the taxes to keep the country running. And more to the point, they’re the ones paying for the fact that there’s not enough money left to invest in our kids’ future.” WATCH: Video from Comedy Central, which was broadcast on January 24, 2012.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: All (#0)
Warren then mentioned a recent study on America’s most wealthy corporations, revealing a startling statistic that caused Stewart and the audience to groan in disgust. “It comes out that 30 of the largest companies of the United States are now spending more on lobbying than they pay in federal taxes,” she said. “Think about that. That is the investment and that’s what they see in the future.” Its loopy when you see more serious issues being far more rationally discussed on the Comedy Show than the MSM "news". Few years back Microsoft didn't think they had to bother with hiring lobbyists; but they changed their tune when they started getting hit with anti-trust suits. Once they paid up, the suits stopped.
Corruption is the real problem.. History shows that a corrupted Oligary (sp)becomes the ruling Aristocracy. “If you’re in the drug business and you are selling prescriptions to seniors and you don’t want to have to negotiate over the prices, Washington works beautifully for you,” she said. “If you want subsidizes to drill for oil, Washington is working for you. If you run a hedge fund and you want to pay the lowest possible taxes, Washington is working for you.”
"Satan / Cheney in "08" 
#2. To: tom007 (#0)
#3. To: Ada (#2)
"Satan / Cheney in "08"
Top • Page Up • Full Thread • Page Down • Bottom/Latest