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Category: Political Sub Category: Social Commentary |
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WHO'S PAYING FOR THE INAUGURATION??
The nuclear energy industry's contribution is part of a record-breaking outpouring of corporate cash for todays inaugural festivities. At least 88 companies and trade associations, along with 39 top executives -- all with huge stakes in administration policies -- have already donated $18 million toward a $40 million goal for the country's 55th inaugural celebration.
Wall Street investment firms seeking to profit from private Social Security accounts; oil, gas and mining companies pushing the White House to revive a stalled energy-subsidy bill; and hotels and casinos seeking an influx of immigrant labor are among the 44 interests that have each given $250,000 and the 66 that have donated $100,000 to $225,000. And the money keeps pouring in.
Practically all the major donors have benefited from Bush administration policies, especially from corporate and individual tax cuts, deregulation and the new prescription drug benefit that is part of Medicare. Most also stand to boost profits further because of Bush's second-term proposals, which include limiting medical malpractice suits, creating private investment accounts as part of Social Security and making a tax-code revision that is expected to reduce taxes on investments.
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