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."