DrM--As Average Wages Stalled in 2003, HMO Profits and CEO Salaries Rose:
HMO profits Up 50%
Average S&P 500 CEO Compensation Up 61%
(figures inflation adjusted)
And While Americans Pay Skyrocketing Prices at the Pump, Oil Companies Get Rich:
2004 First Quarter Earnings on U.S. Refining and Marketing Operations
Chevron-Texaco Up 294%
BP Up 165%
ExxonMobil Up 125%
ConocoPhillips Up 44%
Indeed, Wealthy Corporate Interests Have Profited throughout the Bush Administration:
Corporate Profits Up 83% (Q3 2001 to Q4 2003)
Dividends Paid By S&P 500 Companies Up 15% (2001 to 2003)
(figures inflation adjusted)
Plus, There Are More Corporate Giveaways To Come.
One recent study concludes that drug industry profits will increase by $139 billion over the next eight years as a result of the new Medicare drug law, and the Bush Administration estimates that the new law will provide private insurance plans with an extra $46 billion over ten years.
Worse Yet, Polluters Are Getting a Free Ride Under the Bush Administration. Unlike the previous three presidents, George Bush has opposed reinstating the polluter-pays fees for the cleanup of toxic waste sites, and he has cut enforcement of environmental laws.
Rather Than Ask the Wealthiest Among Us To Make Some Small Sacrifices in this Time of War, the Bush Administration Has Given the Biggest Tax Breaks to the Richest Americans:
Average Tax Cut for millionires $123,600
Average Tax Cut for Top 1% $35,000
Average Tax Cut for Middle 20% $647
IRS Audits of Corporations Down 26%
IRS Audits of Individuals Up 37%
Food for thought...
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