Senator Sherrod Brown (D-OH) and President Obama know that filling the $1.62 trillion U.S. budget deficit for Fiscal 2011 means forcing big corporations to pay their fair share. As a white-guilt-ridden capitalist pig, the least I can do is help with the calculations!
President Obama may be hedging on the EPA’s righteous destruction of American polluters, but that doesn’t mean dirty corporations are off the hook. Sure, we’ve already soaked several of the oil & gas giants, but the ill-gotten gains of a few more polluters will cover the nation’s budget deficit. Electric companies rely heavily on coal-powered plants… electric companies must pay!
Now Soaking: Exelon Corp.
- Reuters lists Exelon Corp CEO John Rowe’s compensation as $9,418,400. Rowe has been an Exelon executive since 2000, so he’s got enough money. His $9,418,400 will be much better spent by Sherrod Brown and Barack Obama!
- Exelon’s 2010 income statement lists $1,658,000,000 in corporate income taxes. We’ll double that amount to fund the spend-a-riffic Obama/Brown rebound!
- Doubling Exelon’s corporate income tax and taking their CEO’s pay will reduce the 2011 U.S. budget deficit by 0.103%.
None of Exelon’s 19,214 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. The only funds & individuals holding Exelon’s 662 million outstanding shares of stock who suffer will be the ones who deserve to.
Don’t worry: this punitive tax policy won’t increase utility costs for the millions of Americans who buy electricity from Exelon subsidiaries or competitors!
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.