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 Lockheed seems an ideal candidate for Sherrod Brown’s budget solution of huge tax hikes on corporations.
Now Soaking: Lockheed Martin Corporation
- Reuters lists Lockheed Martin CEO Robert Stevens’s compensation as $21,897,800. Stevens has been a Lockheed executive since 1996, so he’s got enough money. His $21,897,800 will be much better spent by Sherrod Brown and Barack Obama!
- Lockheed Martin’s 2010 income statement lists $1,181,000,000 in corporate income taxes. Sure, it’s more than a billion, but Lockheed’s net was nearly three times that amount! Let’s take another $1,181,000,000, to preserve Sherrod and Barry’s rip-roaring economic recovery.
- All said and done, doubling Lockheed Martin’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 $1,618,797,102,200.
Fear not: a sharp tax increase on a key defense company won’t harm the nation’s defense budget or her security! None of Lockheed Martin’s 132,000 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 Lockheed’s 336,000,000 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.