Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘pay’

Your Tax Dollars At Work: Taxpayers Subsidize CEO Pay, Here’s How #BonusLoophole

Posted by Warm Southern Breeze on Saturday, September 3, 2016

Executive Excess 2016: The Wall Street CEO Bonus Loophole

This 23rd annual report reveals how taxpayers are subsidizing financial crisis windfalls.

By Sarah Anderson and Sam Pizzigati, August 31, 2016

CashingInOnTheCrisis-Graphic-1-1This report is the first to calculate how much taxpayers have been subsidizing executive bonuses at the nation’s largest banks.

The study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay by capping the tax deductibility of executive compensation at $1 million. But the new rule included a huge loophole for stock options and other “performance” pay. As a result, the more corporations hand out in executive bonuses, the lower their tax bill. This perverse incentive for excessive compensation has been a major factor in the explosion of CEO pay.

The financial bailout program closed this loophole for recipients, but only until Read the rest of this entry »

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How Much Could Alabama Save By Not Paying Legislators?

Posted by Warm Southern Breeze on Thursday, April 30, 2015

UPDATE: Sunday, 14 June 2015 – Found following main body

Today (Thursday, 30 April 2015) the Alabama State Senate knocked off at 11:30, and reconvened 1PM. It’s also the final day of the Legislative Session for the week – they only work three days each week – Tuesday, Wednesday, and Thursday.

An hour and a half – that’s a nice, long lunch break for a wealthy man, a powerful man – not a working man. It’s pretty cushy for someone who works three days a week, only 30 days a year. Reckon how your boss would respond if you asked for a three-day work week and a 30-day work year?

How long do you get for lunch?

Most folks get 30 minutes.

The Alabama Senate gets THREE times longer than most working folks.

But then, excesses in Alabama state politics is nothing new.

Recall that – by law – the Alabama Legislature is limited to work <30 days/year (in a 105 day period) & for that privilege, citizens & taxpayers fork over $50K+/yr in pay & compensation to them – 35 in the Senate, and 105 in the House.
TOTAL=140 men (mostly) & women.

In stark contrast, New Mexico’s State Legislators are a Volunteer Legislature (they’re elected, yes, but unpaid), and during Session, by State Law receive a Daily Federal Per Diem, and Two-Way Mileage once during a session EXCLUSIVELY.

Legislative pay in Alabama has been a hot-button issue, particularly in recent years – and, it’s unnecessarily complicated. By State Constitutional Law, their “official” pay is Read the rest of this entry »

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How Inefficient Is The Alabama Legislature?

Posted by Warm Southern Breeze on Tuesday, February 3, 2015

What’s wrong with Alabama?

How much time do you have?

That’d be an entirely accurate response, of course.

How much bad does it take before the sweet turns sour?

How much bad does it take before the sweet turns sour?

To be certain, criticizing the machinations and politics of Alabama is somewhat like criticizing one’s family – only family members can do it with complete immunity. Outsiders stand the risk of getting punched out.

Here’s one well-known complaint: The Legislature.

Sure, even Washington politicians get lambasted, as, I suppose, does every other politician in our union, at every level – federal, state, county, and local.

But here’s the rub: In Alabama, the legislature takes great pride in calling themselves “part-time” legislators, and boast of having full-time jobs “back home” in the community of their residence. Sure, that sounds nice, but what does it really look like?

By law, in Alabama, the Legislature can meet for NO MORE than 30 days Read the rest of this entry »

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Alabama Governor Bentley OK’d $580K Trooper Gate pay, lied about it

Posted by Warm Southern Breeze on Monday, October 13, 2014

#ALPolitics @GovernorBentley OK’d $580K #TrooperGate pay, lied about it  http://j.mp/TrooperGate

Alabama Republican Governor Robert Bentley, MD, OK’d $580,000 Trooper Gate pay, then lied about it
http://j.mp/TrooperGate

Bentley Punished DPS Bosses for Questioning Lewis’ Gigantic Overtime Pay

By Donald V. Watkins
©Copyrighted and Published (via Facebook) on October 12, 2014
Used with permission

Retired state trooper Capt. Mark Whitaker ran the Protective Services Division and Capitol Police in the Alabama Department of Public Safety (“DPS”) until this year. This is the DPS division responsible for guarding and driving Governor Robert Bentley. Wendell Ray Lewis was a sergeant under his command.

While running his division, Whitaker learned that Lewis’ overtime pay was pre-approved by Bentley and never to be questioned. This was even true with regard to Lewis’ claimed entitlement to 24 hours of overtime for a single day. Prior to Lewis, Whitaker had never seen a trooper make a claim for or receive 24 hours of overtime pay for a single day.

On January 14, 2014, Whitaker was called into then-DPS Director Hugh McCall’s office where McCall told Whitaker that his entire division would be transferred to the newly created Alabama Law Enforcement Agency (“ALEA”). As a result of the transfer, Whitaker, a highly respected captain, would fall under the command and supervision of Lewis, who at that time was a sergeant. Unbelievably, Captain Whitaker would be reporting to Sgt. Lewis.

This order came directly from Governor Bentley.

This humiliating role reversal was the ultimate insult for Whitaker, a career officer who had climbed the ranks within DPS and earned his command position. According to published reports, Whitaker believes this demeaning and insulting personnel action – a captain reporting to a sergeant – occurred merely because he sought to question Lewis’ overtime pay in the months prior.

“This is what I get for doing my job,” Whitaker complained to McCall at the time. He retired soon after.

Whitaker is the second high-ranking trooper to retire over the Bentley-Lewis overtime pay scandal. In 2011, Major Marc McHenry, now retired, served as the DPS chief over Protective Services and the Capitol Police. Lewis also worked under McHenry.

When McHenry realized in 2011 that Lewis had accumulated a gigantic amount of overtime pay, he tried to put an end to Lewis’ financial windfall. At the time, troopers were not being paid for overtime. They were given time off instead.

McHenry sent the issue to Lewis’ supervisor, and two days later he was Read the rest of this entry »

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Senator Jeff Sessions REFUSES to give up part of his salary for sequestration

Posted by Warm Southern Breeze on Monday, May 27, 2013

Be sure to ask Sen. Sessions if he is going to voluntarily give up a portion of his Senatorial salary since the Senate last month passed a measure urging their members to forgo 20% of their salaries as part of sequestration.

Kudos, however, to Sen. Bob Corker R-TN, who has NEVER pocketed any of his Senate salary.

Why?

He donates it ALL to charity.

Why?

He’s worth over $19 Million.

Few senators sacrifice pay amid cuts

By Russell Berman – 04/03/13 05:00 AM ET

Only a few senators are planning to forfeit a portion of their salaries to charity or the U.S. Treasury while sequestration is in effect, according to a survey conducted by The Hill.

The Senate last month passed a measure urging members of the upper chamber to forgo 20 percent of their salary during sequestration. Most senators, however, are keeping quiet on whether they will follow through.

During a marathon session of budget votes, the Senate approved by voice vote an amendment from Sen. Lindsey Graham (R-S.C.) calling on lawmakers to donate 20 percent of their pay to charity or return it to the U.S. Treasury.In his floor speech, Graham noted that about 500,000 to 600,000 federal employees will be furloughed because of sequestration and that senators should “feel what other people are feeling.”

Yet in a survey of Senate offices by The Hill, only Graham and Sens. Mark Begich (D-Alaska), Claire McCaskill (Mo.), Mike Lee (R-Utah) and Jay Rockefeller (D-W.Va.) have indicated they would give up some of their take-home pay.

In a recent press release, Begich — who is up for reelection in 2014 — said Read the rest of this entry »

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Alabama Republican Introduces Bill to Eliminate Overtime Pay

Posted by Warm Southern Breeze on Sunday, April 21, 2013

I wouldn’t have believed it had I not read it for myself from the official Congressional website.

U.S. Representative Martha Roby, a Republican from Alabama’s 2d Congressional District has introduced H.R. 1406, officially named the “Working Families Flexibility Act of 2013” which would END the requirement of the Fair Labor Standards Act for employers to pay Time-and-a-Half to employees for every hour worked over 40 in one week.

http://beta.congress.gov/bill/113th-congress/house-bill/1406

The Congressional Budget Office has reported on the bill, and in part wrote that: Read the rest of this entry »

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CEO pay soars while employee pay falters

Posted by Warm Southern Breeze on Friday, April 1, 2011

Those “poor, poor” rich men. We shouldn’t tax those poor, poor souls because they, in their mercy, give jobs to us, the genuinely wealthy slobs who do not need them. No, Congress should cut their taxes, and should not tax multi-national corporations such as General Electric which makes billions in profits and does not pay any income tax. In fact, Congress should eliminate all taxes upon the über-wealthy and should tax the poor! (sarcasm ends here)
•••

CEO pay soars while workers’ pay stalls

By Matt Krantz and Barbara Hansen, USA TODAY
Updated: 04/01/2011 9:20am

CEOs didn’t have to cry poor for long.

The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, Read the rest of this entry »

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Pay to Spray? Tiny Tennessee town watches house burn.

Posted by Warm Southern Breeze on Wednesday, October 6, 2010

This story resonates with me for several reasons, not the least of which is that I’m a Certified Volunteer Fire Fighter, Registered Nurse, EMT and fellow human being. According to one story, “The mayor said if homeowners don’t pay, they’re out of luck.” See the fire department’s website here: http://www.CityOfSouthFulton.org/fire.htm

OUR VIEW: PAY-TO-SPRAY NO WAY TO RUN A FIRE DEPARTMENT
http://www.FireEngineering.com/index/articles/Wire_News_Display.1277009971.html

The Santa Fe New Mexican (New Mexico)
October 6, 2010

A tale from Tennessee is enough to make one appreciate taxes and their role in keeping a community safe. …Continue…

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“Paging ‘American Healthcare Reform,’ paging ‘American Healthcare Reform’… you’re needed in the OTC Pharmacy – STAT!”

Posted by Warm Southern Breeze on Thursday, March 25, 2010

[ed. note: I wrote this post accompanying some photos I’d made and posted to my Flickr site back around October 2009.]

Paging 'American Healthcare Reform,' paging 'American Healthcare Reform'... you're needed in the OTC Pharmacy - STAT!" h967
He wanted some OTC ranitidine. I told him, “Get omeprazole!” But he didn’t, saying he wanted more rapid relief.

So… guess what!?!

It just so happened, that at the checkout stand in front of us was a Big Pharma sales rep. She said, “Use this!,” and pulled out …Continue… to see if it’s a BIG GUN!…

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Redstone Federal Credit Union Computers Hacked

Posted by Warm Southern Breeze on Saturday, March 13, 2010

Huntsville-based Redstone Federal Credit Union announced Friday that members’ employee payroll checks had disappeared Friday, shortly after posting.

With more than 320,000 members, RFCU is one of Alabama’s largest CUs.

Denying that RFCU was hacked, Senior Assistant Vice President Ken Jost said, …Continue…

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Godly Social Values

Posted by Warm Southern Breeze on Thursday, February 4, 2010

You know, Jim, as I continue to reflect upon the issues about which we spoke this evening, I – being an ardent observer of …Continue…

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Veteran’s Day 2009

Posted by Warm Southern Breeze on Monday, November 9, 2009

I’m proud to have served my nation in the uniform armed services, having done so voluntarily. I think every young American should do similarly. And, I believe our nation should provide significant benefit to those whom so choose.

Some years ago, I envisioned what I called a “234 Plan,” which would:

  1. Double pay grade for two years up to pay grade E-3 for initial enlistees;
  2. Require a minimum of Four Years of service;
  3. Pay for four years of higher education, up to and including Ph.D., with the ability to transfer benefits to first-degree relatives;

and perhaps most importantly,

4. Provide such income as federally Tax-Free, forever.

At current pay rates, that would be slightly under $76,000 for a period of two years at pay grade E-3 – not a bad nest egg. And then, there’s the 30 days paid vacation, head-to-toe health care, incentive/bonus pay for skills, BAH (basic allowance for housing), and a host of other remunerations and fiduciary potential – all of which are added to Basic Pay, thereby increasing take-home pay. Potentially, managing money wisely, a young enlistee could emerge from a four year commitment with very nearly $125,000 in pocket, VA health benefits, GI Bill benefits, and more.

The money could be used wisely, or squandered. But the principle would forever be federally tax-free – and I think it should be at the state level, as well. It’s well known that young enlistees have high levels of “disposable” income. But WISE fiscal management could yield significant benefits to them individually, and by extension, to our nation.

Part three of the plan I envisioned – higher education – was implemented when President Obama signed the Post 9/1 G.I. Bill, providing the most comprehensive expansion and provision of educational benefits our troops have received since F.D.R.’s presidency.

I recollect a report entitled “Young Virginians: Ready, Willing, and Unable to Serve,” having read and saved it September 2, this year. It was authored and advised by an impressive cadre of Generals, Admirals, field-grade officers, and senior executive NCOs, from all branches of the service, and “supported by the Pew Charitable Trusts, and Pre-K Now, campaign of the Pew center on the States.”

Interestingly, NPR has only recently reported on it.

The problems the report addresses are from a thorough examination of Virginia, though it’s findings can be extrapolated to the United States at large.

According to the report, the three greatest problems disqualifying American youth from service to our nation include:

1.) Criminality – felony and serious misdemeanor offense;

2.) Education – failure to graduate high school, and low achievement in reading & math, 30% unable to pass the Armed Forces Qualification Test; and

3.) Health – specifically obesity, although asthma, eyesight, hearing, mental health, ADHD and additional health problems factor in, thereby disqualifying over half of all young adults.

Additional disqualifiers include single custodial parenthood, and drug or alcohol abuse.

These are all social ills.

Mission: Readiness – Military Leaders for Kids is a bipartisan, nonprofit, national security organization of more than 80 retired generals and admirals,” whom “accept no funds from federal, state, or local governments,”  and “call on all policymakers to ensure America’s security and prosperity by supporting interventions proven to help America’s youth succeed academically, stay physically fit, and abide by the law. Pre-K Now collaborates with organizations and policy makers to lead a movement toward high-quality, voluntary pre-kindergarten for all 3- and 4-year-olds.”

In recent political history, social programs have been an “easy target” for many of the Republican stripe whom have seriously reduced or eliminated such programs’ funding, effectively or outright killing the very programs that could have done much to have prevented these anathemas.

Ironically, prison construction and maintenance is a capital expenditure. And of all the world’s nations, ours has more incarcerations per capita than any other, having exploded (doubling 2.5 times) since 1980 (though incarcerations remained relatively stable since 1920, according to the U.S. Department of Justice).

How’s that THAT for the so-called “Reagan Revolution?” It sounds more like a “Contract on America” rather than “with America,” to me.

Wonder why no more.

Governance is much more than infrastructure expenditures, and military readiness includes a strong social component.

Our Constitution calls it providing “for the common defense,” by promoting “the general welfare,” to “secure the blessings of liberty.”

Healthcare is an integral and unequivocal part of that equation… as we can now painfully, and plainly see.

I suppose it would be apropos and germane – though perhaps trite – to conclude with a line from advertising: “You can pay me now… or, pay me later.”

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