Bernie Sanders Calls Out 18 CEO’s for Evading Taxes, Outsourcing Jobs, and Taking Billions in Bailout Money

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Bernie Sanders is the happy surprise that keeps on giving. The darling of the Progressive Left, this candidate for president of the United States is not a bit shy about telling it like is, and he doesn’t do it like Donald Trump; he does it with class.  Read more about Bernie’s brash but classy style at TrueActivist.com.

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by Amanda Froelich

Bernie Sanders is the underdog in the American political race, but he’s quickly gaining momentum as a prime candidate to lead the US, as his no-nonsense, candor approach is appreciated by many – especially the millennial generation.

In response to 80 CEOS recently publishing a letter on the Wall Street Journal lecturing America about deficit reduction and urging them to “act on the deficit and reform Medicare and Medicare,” Sanders had the following to say:

There really is no shame. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might want to take a hard look at their responsibility for causing the deficit and this terrible recession.

Our Wall Street friends might also want to show some courage of their own by suggesting that the wealthiest people in this country, like them, start paying their fair share of taxes. They might work to end the outrageous corporate loopholes, tax havens and outsourcing provisions that their lobbyists have littered throughout the tax code – contributing greatly to our deficit.

Many of the CEO’s who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. As a result, at least a dozen of the companies avoided paying any federal income taxes in recent years, and even received more than $6.4 billion in tax refunds from the IRS since 2008.

Several of the companies received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department.

Many of the companies also have outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits. In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years.

Remaining true to his promise to serve the people as a politician, Sanders responded to the lecture from the American CEO’s by releasing a report detailing how 18 of them have helped blow up the deficit and wreck the economy outsourcing jobs and evading US taxes.

Click here for the list at TrueActivist of CEO’s called out by Bernie Sanders.

About Post Author

Professor Mike

Professor Mike is a left-leaning, dog loving, political junkie. He has written dozens of articles for Substack, Medium, Simily, and Tribel. Professor Mike has been published at Smerconish.com, among others. He is a strong proponent of the environment, and a passionate protector of animals. In addition he is a fierce anti-Trumper. Take a moment and share his work.
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8 years ago

Always remember that many of the 30 million Americans receiving social security, Medicare and Medicaid are not in favor of socialist programs.

8 years ago

I would like to have the media treat Bernie as more than a novelty, but I do think that his insistence on labeling himself a socialist may cause him problems. I don’t have a problem with that – I see democratic socialism working in Europe and note that countries like Denmark and Finland not only report that their people are happier with their lives but also that their quality of life is better than in the US. If one of those asinine pollsters were to ask me who I would vote for if the election were to be held tomorrow, I’d probably say “Bernie” (I guess that makes me a Sandernista, doesn’t it?).

I grew up in Milwaukee, where the local political deities were mayors Emil Seidel, Daniel Hoan and Frank Zeidler, who ran city government for a total of 48 years. They were all socialists, and Seidel was the first socialist to become mayor of a major US city. The Milwaukee socialists eschewed political and economic ideology and instead concentrated their efforts on clean government and public works (in fact, their concentration on public works earned them the nickname “Sewer Socialists”. They enacted a uniquely American brand of socialism that treated every citizen with dignity and significantly improved the quality of life in Milwaukee, something which people like Scott Walker and Milwaukee County Executive Chris Abele have done their best to undermine).

But socialism doesn’t sit well with Americans, no matter how it’s dressed up. I think that a lot of this is due to the fact that most Americans have no idea what socialism really is.

Back in 2012, I went to pick up some prescriptions; one of them wasn’t ready, and when I said I wouldn’t be able to come back the next day because I was working at the polls, she made a disparaging remark about President Obama. When I asked what she had against him, she said, “He’s a socialist”. My reply: “Well, you know, Milwaukee used to be a hotbed of socialism.”

She gave me a look of absolute horror and asked what I was talking about. I mentioned the 48 years of socialist mayors (and aldermen) and that the first socialists to run for president and get elected to congress were from Milwaukee. When I finished telling her this, she actually looked ill. I finished up by saying that if it hadn’t been for Milwaukee’s socialists, we’d be little more than a virtual suburb of Chicago.

So, yes, I think that socialism is going to be a stumbling block for Bernie, but he’s still a vital voice in this election. We couldn’t ask for a better “common man” to run.

8 years ago

Happens here too. Dodgy business people are invariably CEO’s or something. The higher ups are so corrupt it’s ridiculous.

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