Thursday, March 6, 2008

War profiteers screw the American people, evade a half billion in taxes

America's example of democracy in Iraq

KBR (Kellogg Brown & Root) started as a subsidiary of Halliburton, is the biggest war profiteer in Iraq employing 21,000. They have received more than $16 Billion in government contracts, mostly no-bid contracts.

You wonder why such great profits haven't been assisting the US economy? KBR hasn’t been passing on these enormous profits to American taxpayers or even its own employees, thanks to a plan that Vice President Cheney helped establish. The Boston Globe reports that KBR has avoided paying more than $500 million “in federal Medicare and Social Security taxes by hiring workers through front companies” based in the Cayman Islands.

Iraq take note - that's American democracy in action - the Republican war profiteer version.

Halliburton, KBR's former parent company has been the subject of numerous investigations including overcharging, fraud, bribery, substandard work, and dealing with terrorist countries - specifically Iran. To avoid the continuing investigations, Halliburton moved it's company to the United Arab Emirates last year.

Now that’s the way Republicans like Dick Cheney do business in American democracy:

Start a war, destroy a country, profit
billions of dollars from it’s rebuilding by securing no-bid contracts… contracts secured with a little inside help, and then avoid paying taxes on the billions of dollars made, screwing the KBR employees and the American people.

No comments: