Showing posts with label Corporate Welfare. Show all posts
Showing posts with label Corporate Welfare. Show all posts

Monday, February 11, 2008

Evil corporate American only takes and never gives.

Corporate welfare is certainly a bad thing but Exxon Mobil at least returned far more to US coffers than you or I. Exxon paid $30 Billion in taxes for 2007 that is more than the total paid by the lower 50% of all tax payers. Exxon also distributed $35 billion to stock holders (and I got my tiny share of that!).

While all US oil companies received about 10 billion per year in direct subsidies they committed to new investments of $91.4 billion. Hopefully congress got something for that 10 billion.

Do you think corporations are treated fairly by the media? I think not. A Google news search reveals an article count:
2,280 for exxon profit
368 for exxon tax

Type rest of the post here