Unlike last week’s dicey proposition of doubling corporate income taxes and taking CEO pay from Cincinnati-based Procter & Gamble, today’s episode of Soak the Rich is an easy sell. Who wouldn’t like to see AT&T pay their fair share to support the massive entitlement spending beloved by Sherrod Brown and Barack Obama?
Now Soaking: AT&T
- Reuters lists AT&T CEO Randall Stephenson’s pay as $27,341,600. Stephenson has been with AT&T since 1982, so he’s got enough money. The People’s share of his loot: $27,341,600 more for Sherrod Brown and Barack Obama to spend as their favorite lobbyists see fit.
- AT&T’s income statement lists negative income taxes for 2010, which is a rock I don’t even want to peer under. The 2009 statement lists $6,091,000,000 in corporate income tax – we’ll double that amount so Sherrod Brown and Barack Obama can keep the nation’s economy stimulated.
- By taking all their CEO’s pay and doubling the corporate income tax paid in 2009, we can help AT&T help the U.S. government reduce its 2011 budget deficit from $1,620,000,000,000 to $1,613,881,658,400.
But that’s not all! AT&T’s home and mobile services won’t get more expensive if their taxes are dramatically increased. None of the corporation’s 260,690 employees will lose their jobs as a result. The only funds and individuals holding any of AT&T’s 5.92 billion outstanding shares of stock who suffer will be the ones who deserve to.
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.