John,
One week ago, UAW workers at Ford, GM, and Stellantis went on strike for a fair contract.
While the Big Three automakers are raking in record profits―enriching CEOs and wealthy shareholders―their workers aren’t sharing in that success.
Let’s show workers we have their backs! Click here to send a message to the CEOs of the Big Three and urge them to immediately meet workers’ demands.
Between 2013 and 2023, Ford, GM, and Stellantis raked in $250 billion in profits while paying outrageously low taxes.[1][2] And, they’re projected to make another $32 billion in profits this year.
What are they doing with those windfall profits? According to Americans for Tax Fairness research, Ford and GM alone have showered their shareholders with $14 billion in dividend payments over the last five years―34 times what they paid in taxes―while spending another $3.6 billion on stock buybacks to inflate their stock, further enriching their investors.[3]
At the same time, the CEOs of the Big Three have seen their pay skyrocket by an astounding 40%.
It’s time that automakers shared this success with the workers who have made it possible. Click here to send a message to the CEOs of Ford, GM, and Stellantis and urge them to meet workers’ demands for fair pay and benefits.
For the last 15 years, through the 2008 economic recession and the COVID-19 pandemic, workers sacrificed to keep the Big Three afloat. Now it’s time they received a contract that rewards them for their hard work and sacrifice.
Thank you for fighting for workers’ rights and to hold corporations accountable.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] UAW-automakers negotiations pit falling wages against skyrocketing CEO pay
[2] https://twitter.com/4TaxFairness/status/1692917838368194576
[3] AUTO GIANTS CLAIMING THEY CAN’T AFFORD UNION PAY PROPOSALS PAID JUST 1% IN FEDERAL TAXES ON $42 BILLION OF PROFITS
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