Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dems to grill execs after health-tax whacks (Embarrassing Nostrilitis should be easy)
NY Post ^ | 4/01/10 | S.A. MILLER

Posted on 04/02/2010 6:37:35 AM PDT by Libloather

Dems to grill execs after health-tax whacks
By S.A. MILLER, Post Correspondent
Last Updated: 6:25 AM, April 1, 2010

WASHINGTON -- Adding insult to injury, Democratic leaders are hauling CEOs from major corporations before Congress to defend writing off billions of dollars because President Obama's health care overhaul whacks them with a new tax.

Rep. Henry Waxman (D-Calif.), chairman of the House Energy and Commerce Committee, fired off a letter to top executives at John Deere, Caterpillar, Verizon and AT&T, calling them to testify about the announced earnings losses caused by a new tax on retiree drug benefits.

"The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern. They also appear to conflict with independent analyses," said the letter to AT&T President Randall Stephenson, who announced the company would charge off $1 billion in earnings.

The three other CEOs got letters signed by Waxman and Rep. Bart Stupak (D-Mich.), chairman of the oversight and investigation subcommittee that will grill the executives April 21.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: ceo; obamacare; waxman; whackjob
Navigation: use the links below to view more comments.
first previous 1-2021-28 last
To: Wyatt's Torch
These Congressmen will never admit that they did not read the bill and that these people are right. Never.

It seems pretty obvious that these companies have been put in a bad position, and I hope republicans on the committee ask “how many employees will you lay off to remain solvent so that you don't go bankrupt because of these new laws?”.

Then, leave the hearing, issue a press alert, and start laying people off.

21 posted on 04/02/2010 7:55:39 AM PDT by PA-RIVER
[ Post Reply | Private Reply | To 11 | View Replies]

To: Republic of Texas

The first response from any of these CEOs should be:

“Congressman, before we begin, I want to ask one question. With respect to who answers to who, do you think I answer to you, or do you answer to me and the American people? With the answer to that question, we can proceed.”


22 posted on 04/02/2010 7:57:44 AM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: snowrip
the New McCarthyism.

Except the Honorable Senator Joe McCarthy was RIGHT.

23 posted on 04/02/2010 8:08:17 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Libloather

I honestly don’t know why not one journalist in the MSM is not addressing the tactics used by this administration. They are making a concerted effort to shut down free speech if they don’t like what is being said. They are trying to shut down everyone from the tea partiers to Fox News, to talk radio to corporations. Unprecedented!


24 posted on 04/02/2010 8:20:33 AM PDT by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

Looks like a cross between Porky Pig and Miss Piggy.


25 posted on 04/02/2010 8:26:15 AM PDT by doesnt suffer fools gladly (Liberals lie.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: snowrip

President Obama’s health care overhaul whacks them with a new tax.The CEO’s will pay for telling the truth however I wonder what laws will Obama change or alter to fit his agenda?.


26 posted on 04/02/2010 8:47:18 AM PDT by Vaduz
[ Post Reply | Private Reply | To 10 | View Replies]

To: Libloather
Set your C-Span to "Record." This should be hilarious. Hopefully the Dems will be too stupid to know that they should quietly cancel the hearings....and lately, they are way to the stupid side of the room.
27 posted on 04/02/2010 8:48:23 AM PDT by cookcounty ("When they bring a knife to the fight, we bring a gun," ---from Barack Obama's Book of Civility)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jersey117
"I honestly don’t know why not one journalist in the MSM is not addressing the tactics used by this administration.

But then they wouldn't get invited to the cool DC parties, or win a spot in the (Liberal) Journalism Hall of Fame!

28 posted on 04/02/2010 8:57:06 AM PDT by cookcounty ("When they bring a knife to the fight, we bring a gun," --"Brawls for Radicals" --by Obama & Alinsky)
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-28 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson