Posts tagged ‘executive compensation’

Hultgren spending $58 million to protect CEO bonus checks

by , posted on Saturday, August 24th, 2013 at 11:57 am

For a politician claiming to value fiscal responsibility, 14th Congressional Representative Randy Hultgren certainly has wasted a lot of our money.

Hultgren has voted with the rest of his Tea Party coalition to repeal Obamacare 40 times. According to a recent CBS study, each Republican vote to repeal costs all of us American taxpayers $1.45 million—for a total of about $58 million.

Question: Why would Hultgren be so focused on wasting our money to repeal a law voted in by Congress and upheld by the Supreme Court?

Answer: Hultgren’s largest campaign donors come from the Securities and Investment (i.e. Insurance) industry. Check it out at OpenSecrets.org. Hultgren is protecting Insurance CEO’s paychecks at the same time he is attempting to take insurance coverage away from those who need it and billing American taxpayers millions for his efforts.

Question: So what’s so bad about Obamacare that the financial services industry wants to repeal it? After all, Obamacare just delivered millions more people into their coffers.

Answer: Obamacare restricts the profit insurance companies can make.

(more…)

Share