Raytheon Company, like Lockheed Martin, is a defense contractor. As you may know, national defense is one of the few things the yucky old Constitution suggested Congress should be responsible for funding. Somehow – probably because of the military! – America’s 2011 budget has a $1.62 trillion hole, and Raytheon is a great candidate for Sherrod Brown’s fix: huge tax hikes on corporations.
Now Soaking: Raytheon Company
- Reuters lists Raytheon CEO William Swanson’s compensation as $14,802,500. Swanson has worked at Raytheon for 39 years, so he’s got enough money. His $14,802,500 will be much better spent by Sherrod Brown and Barack Obama!
- Raytheon Company’s 2010 income statement lists $589,000,000 in corporate income taxes. Raytheon’s net income was more than three times that amount! Let’s take another $589,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling Raytheon’s corporate income taxes and taking their CEO’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,619,396,197,500.
Fear not: a sharp tax increase on a key defense company will not impact the nation’s defense budget or her security! None of Raytheon’s 72,000 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. Last and least, the only funds & individuals holding any of Raytheon’s 356,000,000 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.