Wednesday, May 24, 2017

Did you get an 8.5 percent pay raise last year?


 
People Please Pay
closer attention to this budget as far as your
children
your Grand-children
and
Great-grand-children
And
the hidden fact of a
(Draft-Law)!


 
 
How else can this country
get the man/women power
to fill the holes
in our military?

CEO Pay on the Rise
Did you get an 8.5 percent pay
raise last year?

The typical executive did

The average CEO compensation in 2016 was $11.5 million,

but in some cases, investors forced pay cuts.

How many CEO's are running with #45 with your tax-money.

 

This photo combination of images shows the top 10 highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

On top row, from left: Charter Communications CEO Thomas Rutledge; CBS CEO Leslie Moonves; Walt Disney CEO Robert Iger; Discovery Communications CEO David Zaslav; and Activision Blizzard CEO Robert Kotick.
On bottom row, from left: Comcast CEO Brian Roberts; Time Warner CEO Jeffrey Bewkes; IBM CEO Virginia Rometty; Regeneron Pharmaceuticals CEO Leonard Schleifer; and Wynn Resorts CEO Stephen Wynn.
(Associated Press)


By the numbers:
President Trump’s budget
Published May 23. 2017 5:57PM
WASHINGTON (AP)
President Donald Trump sent Congress
his recommended budget
for the coming fiscal year.
It includes steep cuts
to many programs
relied on by the poor,
such as
Medicaid and food stamps,

and

greater spending on the military.
Here's a look at the budget by the numbers:

$4.1 trillion

Total proposed spending by the federal government for next year

$3.6 trillion

The spending cuts over the decade that the White House says would bring about a balanced budget.

$610 billion

How much the president proposes to save over the coming decade in Medicaid, the program that pays the health care and nursing home bills for millions of low-income Americans.

$191 billion

How much the president proposes to save over the coming decade on food stamps.

$2.6 billion

The amount for border security, includes $1.6 billion to "plan, design, and construct a physical wall along the southern border."

56,400 — The number of soldiers, sailors and airmen that would be added to the Defense Department's ranks above that planned by the Obama administration.The number of weeks of paid leave for new mothers and fathers under a proposed program to help new parents "bond with a new child without worrying about paying their bills."

Over the last five years, median CEO pay in the survey has jumped by 19.6 percent, not accounting for inflation. That’s nearly double the 10.9 percent rise in the typical weekly paycheck for full-time employees across the country.

But CEO pay did fall for one group of companies last year: those where investors complained the loudest about executive pay. Compensation dropped for nine of the 10 companies scoring the lowest on “Say on Pay” votes, where shareholders give thumbs up or down on top executives’ earnings.

In his first full budget plan, President Donald Trump is proposing to fund submarine construction at levels similar to recent years, and also is showing his support for sustaining the two-a-year build rate of Virginia-class attack submarines.

In his budget proposal for fiscal 2018, Trump is requesting a 10 percent increase in defense spending, while simultaneously proposing to cut federal spending overall by $3.6 trillion over 10 years. It would reduce spending on safety-net programs by more than $1 trillion over 10 years.

Trump's $4.094 trillion budget request, dubbed "A New Foundation for American Greatness," is a starting point for what is likely to be a fierce debate in Congress over

federal spending.


Among other things, the Trump administration is requesting another base realignment and closure round, a process known as BRAC. Congress repeatedly has rejected requests for another BRAC round since 2013.

U.S. Sen. Richard Blumenthal, D-Conn., called it "nothing short of declaration of war against America's most vulnerable people." U.S. Sen. Chris Murphy, D-Conn., said the budget "would devastate Connecticut" and vowed to "make sure this budget never becomes a reality."

Under Trump's request, the Virginia-class attack submarine program would receive $5.5 billion, on par with recent years, and $1.9 million, the same appropriated under the recently passed spending bill for the remainder of fiscal year 2017, for the Columbia-class program, a new fleet of 12 ballistic-missile submarines.

Blumenthal said he intends to seek an additional $200 million in advance procurement funding to "help maintain schedule and costs" for the Block V of Virginia-class boats. The Navy buys ships in blocks and the Block V contract, the next to be awarded, is expected to be awarded next year. Those submarines will be built between 2019 and 2024. Initially, only nine submarines were expected to be built during that timeframe. The Navy proposed building 10 to help mitigate an expected decline in the size of the attack submarine force. Trump's budget indicates his support for 10.

"For them to put that in black and white is pretty powerful confirmation that that's the plan," said U.S. Rep. Joe Courtney, D-2nd District.

But Trump's overall proposal for Navy shipbuilding isn't sufficient to start the buildup to 355 ships that the Navy wants, according to Courtney.

"The rest of the shipbuilding budget raises a lot of eyebrows," Courtney said, noting that Trump's budget includes funding to build eight new ships, including two submarines, despite the Navy's target of 12 new ships.

The Navy's new force structure assessment calls for an additional 47 ships, including 18 more attack submarines. Adm. John Richardson, chief of naval operations, recently released a white paper that notes that the industrial base could produce 29 additional ships over the next seven years if funding were made available.

At the same time, Trump's budget slashes workforce training programs under the Department of Labor used to train industrial-base workers.

Meanwhile, the Coast Guard, which originally faced a $1.3 billion cut, would be funded at levels similar to recent years. Adm. Paul Zukunft, commandant of the Coast Guard, recently testified that the service will need 5 percent annual growth in its operations and maintenance accounts, and at least $2 billion for major acquisitions "to operate and maintain our assets and preserve our acquisition programs."


By Julia Bergman  Day staff writer

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