What a disaster. The leadership of CTA (California Teachers Association) is calling for rallies and actions in California from May 9th to 13th to do what: raise taxes on workers and the middle class. How divisive is that? It is no wonder the right has made gains, these right wingers tap in to the anger that exists in US society. Not only that, it won't save public education. Working people are being assaulted on all sides from higher gas prices, home losses, job losses, wage reductions you name it, and the solution from the heads of organized Labor is concessions and increase taxes on workers. This, in the wake of massive bailouts received by corporations from workers and the middle class and billions spent on predatory wars. Paulsen, who bet that old folks would default on their mortgages and profited from the subprime made $5 billion in 2007 and another $5 billion last year. Make the rich pay: Bernie sanders compiled a list of folks we can go after a strategy that would unite people not divide us:
1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.
2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.
3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.
4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.
5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.
6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.
7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
Yeah, lets support Jerry Brown's tax extension blackmail.
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