{"id":494289,"date":"2010-03-31T14:35:11","date_gmt":"2010-03-31T18:35:11","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=81083"},"modified":"2010-03-31T14:35:11","modified_gmt":"2010-03-31T18:35:11","slug":"gop-wants-you-to-cry-for-boeing","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/494289","title":{"rendered":"GOP Wants You to Cry for Boeing"},"content":{"rendered":"

The Republican Study Committee just blasted out\u00a0a release<\/a> attacking the Democrats’ health care reforms for forcing Boeing, among other large corporations, to pay a $150 million charge<\/a> based on the bill’s elimination of a corporate tax deduction for employees’ prescription drugs.<\/p>\n

“ObamaCare will clip the wings of the American Dream(liner),” the Republicans say, citing estimates that the charge will reduce Boeing’s earnings by 20 cents a share in the first quarter of this year.<\/p>\n

But before you shed tears for Boeing, consider some context.<\/span> Boeing is the second largest government contractor<\/a> in the country, with almost $11 billion in federal contracts in 2008 alone. It’s well on its way to winning a $40 billion deal<\/a> to build an Air Force tanker. And Rep. Norm Dicks (D-Wash.), a long-time supporter<\/a> of the Seattle-based company, was recently named<\/a> head of the defense appropriations committee, which controls the purse strings of the Pentagon contracts that have treated Boeing so well.<\/p>\n

As a result, the company isn’t exactly suffering. Indeed, its stock<\/a> went from $35.58 a year ago to $73.53 yesterday — a jump of nearly $38, or 107 percent. Suddenly that 20-cent loss to help fund health reform doesn’t seem so disastrous, particularly considering the extent to which taxpayers have bolstered the company’s earnings over the years.<\/p>\n

It’s a nuance that seems to be lost on the RSC.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Republican Study Committee just blasted out\u00a0a release attacking the Democrats’ health care reforms for forcing Boeing, among other large corporations, to pay a $150 million charge based on the bill’s elimination of a corporate tax deduction for employees’ prescription drugs. “ObamaCare will clip the wings of the American Dream(liner),” the Republicans say, citing estimates […]<\/p>\n","protected":false},"author":4315,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-494289","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/494289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4315"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=494289"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/494289\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=494289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=494289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=494289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}