John Funderburk for Congress | Repeal the Corporate Tax Cut
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Corporations are not people
Trying to position Corporations as people gives them rights to assert their wealth to accumulate more wealth. For example to maintain their wealth they have to suppress wages. The average Median income in 1950 was 31,000.00 In 2019 31,000.00. Corporations primary way to increase profit is to suppress wages and pay less taxes. 60% of all Corporations who are publicly traded on the S&P 500 pay zero taxes. While at the same time greatly increasing their corporate pay.
  • CEO Pay

  • Employee Pay

Executives meet to decide how to spend the Tax Cut windfall
Executives buy back company stock reducing supply increasing inflating stock price increasing value
Once the inflated stock price increases the companies value they agree to give each other bonuses
That’s how corporate tax cuts directly benefit the wealthy and by passing the middle and lower income population
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Hundreds of CEOs earn eight-figure salaries – at least $10 million – each year. And many pull in even higher salaries, several times that amount.
Top-performing – and sometimes less than top-performing – CEOs are rewarded with lucrative contracts that generally include salary, bonuses, stock and options grants, and benefits. In a few cases, CEOs are set to earn more than $100 million in total compensation in 2018.

 Frank Bisignano

• Company: First Data (FDC)
• Annual compensation: $102.2 million
• Company revenue: $12.1 billion
• CEO pay vs. median employee salary: 2,028x

Michael Rapino

• Company: Live Nation Entertainment (LYV)
• Annual compensation: $70.6 million
• Company revenue: $10.3 billion
• CEO pay vs. median employee salary: 2,893x

Leslie Moonves

• Company: CBS (CBS)
• Annual compensation: $68.4 million
• Company revenue: $13.7 billion
• CEO pay vs. median employee salary: 595x

Jeff Bewkes

• Company: Time Warner (TWX)
• Annual compensation: $49.0 million
• Company revenue: N/A
• CEO pay vs. median employee salary: 651x

The American tax payers are subsidizing the ultra wealthy