There’s a $1.62 trillion shortfall in the 2011 federal budget, but Senator Sherrod Brown (D-OH) knows how to fix it! The problem with Washington’s balance sheet, you see, is that corporations don’t pay their fair share. US Bancorp is a prime example – and if those bankster crooks think they’ll get away with it, Sherrod would beg to differ!
Now Soaking: US Bancorp
- Reuters lists US Bancorp CEO Richard Davis’s compensation as $18,771,200. Davis has been a US Bank executive since 1993, dating clear back to the Star Bank days, so he’s got enough money. His $18,771,200 will be much better spent by Sherrod Brown and Barack Obama!
- US Bancorp’s 2010 income statement lists $935,000,000 in corporate income taxes. Their net income was more than triple that amount! Let’s take another $935,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling US Bancorp’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 $1,619,046,228,800.
Fear not: a punishing tax hike on one of the country’s largest banks won’t increase the cost of checking, savings, mortgage, or credit accounts! None of US Bancorp’s 60,584 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 US Bancorp’s 1.92 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.