PolitiFact.com
Statements about Corporations
AFSCME

AFSCME

Mostly True

Not a great chapter in the Bain story

"While Romney was a director of the Damon Corporation, the company was defrauding Medicare of millions."

Dennis Kucinich

Dennis Kucinich

True

Big bucks for corporate big shots

"The top 10 most well-paid CEOs in America received a combined $770 million in 2010, while the average American worker’s wage rose just 2 percent."

Barack Obama

Barack Obama

Half-True

He did sign a bill, but it was fairly limited

Says he lived up to a 2008 promise when he "closed corporate tax loopholes that were sending profits overseas."

Rob Portman

Rob Portman

Mostly True

Many ways to slice the corporate tax apple

"We have the second highest corporate tax rate among our trading partners."

Mitt Romney

Mitt Romney

Half-True

'Robots' were glorified forklifts with melody alarms

Solyndra "had robots that whistled Disney songs. I'm not kidding."

Americans for Prosperity

Americans for Prosperity

Mostly False

Overheated claim about solar company

"(President Barack Obama gave) half a billion in taxpayer money to help his friends at Solyndra, a business the White House knew was on the path to bankruptcy."

Occupy Providence

Occupy Providence

False

Hourly rage

"Minimum wage = $16,000/year CEO-Goldman Sachs (Lloyd Blankfein) $16,000/Hour."

Robert Kraig

Robert Kraig

Mostly True

Not blanket protection

Wisconsin bill "grants drug companies and medical device manufacturers immunity from injuries and deaths caused by their products."

Facebook posts

Facebook posts

False

Chart from a student paper goes viral

Say the ratio of CEO pay to average worker pay in the U.S. is 475 to 1.

Jim Sensenbrenner

Jim Sensenbrenner

True

Study, experts agree

"We have the highest corporate tax rate in the world. It’s 35 percent."

SEIU

SEIU

Half-True

They opposed anything that looked like a tax increase

"Republicans fought to protect tax loopholes for corporations that send our jobs overseas."

Michele Bachmann

Michele Bachmann

Pants on Fire!

Wrong in 2009, and wrong today

President Barack Obama "has virtually no one in his cabinet with private-sector experience."

Robert Reich

Robert Reich

True

He's right, though it may be a temporary spike

"The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression."

Dennis Kucinich

Dennis Kucinich

False

False before, False again

Says that in 2009 ExxonMobil "paid no federal income taxes, received a $156 million rebate."

Jon Husted

Jon Husted

Mostly True

New filings don't mean new hirings

"#Business formation is still on the rise in Ohio! So far in 2011 we’ve assisted w/ 44,443 new business filings." 

Jeff Tittel

Jeff Tittel

False

This Bud’s not for Jeff Tittel

"One of the reasons that Budweiser stayed in New Jersey is the money they got from RGGI to put solar on their roof to save on their energy costs."

Mark Warner

Mark Warner

Half-True

True in '09, but not other recent years

"If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years."

George Allen

George Allen

Mostly True

He's close, but off by a bit

"The tax on job creating businesses is 35 percent in the United States, second worst in the entire world."

Herman Cain

Herman Cain

Mostly True

Pizza man makes good

"When I became president and CEO of Godfather’s Pizza, it was supposed to go bankrupt . . . We turned it around with common-sense business principles."

Sergio Marchionne

Sergio Marchionne

Half-True

New Chysler square; Old Chrysler not

"Less than two years ago, we made a commitment to repay the U.S. . . .taxpayers in full, and today we made good on that promise."

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