UnPatriotic Businesses

Subsidizing the CEOs - Truthdig

Twenty-six of the nation’s largest corporations paid their CEOs more than they spent on taxes in 2011, according to a report by the Institute for Policy Studies.

“Our nation’s tax code has become a powerful enabler of bloated CEO pay,” says the report, which documents how American tax dollars have been diverted from public services to the accounts of executives at the nation’s biggest banks and corporations.

Americans are subsidizing CEO paychecks at a time when budget cuts have cost people 627,000 public service jobs since June 2009...