The Mudcat Café TM
Thread #69039 Message #1170145
Posted By: Ebbie
24-Apr-04 - 10:48 PM
Thread Name: BS: American Election Problems 2004
Subject: RE: BS: American Election Problems 2004
I didn't find just the right place on the Cat to post these figures so I thought, What the heck- I hope they'll be among the Election problems. Eb
Truthout: provides a glimpse into one reason why many titans of finance, insurance, and other industries are so personally supportive of President Bush: His tax cuts saved them an extraordinarily large amount of money.
Here is a look at just six of Bush's super-fundraisers:
2003 compensation: est. min. 2003 tax savings: Henry McKinnell CEO, Pfizer Raised $200,000+ for Bush, $11.9 million, $244,214
E. Stanley O'Neal CEO, Merrill Lynch Raised $500,000+ for Bush $8.8 million $351,900
Charles Cawley CEO, MBNA America Raised $200,000+ for Bush $29.1 million $276,000
William McGuire CEO, UnitedHealth Group Raised $100,000+ for Bush $9.5 million $329,866
Dwight Schar CEO, NVR Raised $200,000+ for Bush $94.3 million $138,000
Maurice Greenberg CEO, American International Group Raised $200,000+ for Bush $29.4 million $276,000
"This comes from Forbes.com, WhiteHouseForSale.org, and National Journal. The minimum tax savings from the Bush tax cut is estimated based upon calculating the portion of 2003 income, as reported by Forbes.com, that each CEO received in direct pay and bonuses multiplied by the new lower tax rate of 35%, as opposed to the 39.6% rate before Bush took office."