Saturday, October 27, 2012

Casino Mogul Tells Workers That Voting For Romney Would ‘Protect Your Job’


Casino mogul Sheldon Adelson, who has donated more than $50 million to Republicans, is now pressuring his casino employees to vote for Mitt Romney. According to the Huffington Post, Adelson’s Management at Las Vegas Sands Corp. “has been distributing voter guides friendly to Republican nominee Mitt Romney and critical of President Barack Obama to its casino employees in Las Vegas.”
While the so-called Nevada “issues guides” don’t specifically endorse Romney, the pamphlets strongly imply that Obama’s policies could cause workers to lose their jobs. “Too much of big government doesn’t just affect our company; it affects our employees, our customers, and our shareholders,” the guide says. “Voting is an important way for you no only to do your civic duty, but to protect your job.” It goes on to misrepresent Obama’s health, tax, and energy policies — while painting Romney’s proposal in a favorable light:
HEALTH CARE: “The federal government requiring all U.S. citizens to buy or otherwise obtain health insurance coverage as a condition of their citizenship is not good for America, our company, and our employees….Gov. Romney favors reform that encourages competition and brings down costs.”
TAXES: “The President would increase many types of taxes, including those on businesses that file taxes as individuals…The governor supports a flatter, simpler and fairer tax code for all Americans that will help businesses and families to prosper.”
ENERGY: “[Obama's] administration restricted the expansion of leases for oil and gas exploration on government lands and opposed the Keystone XL pipeline that will produce more jobs and lower energy prices….The governor supports energy independence and immediate expansion of the Keystone XL pipeline.
Adelson’s efforts to elect Romney would greatly bolster his bottom line. A report from the Center for American Progress Action Fund found that Romney’s tax proposals, which call for massive tax cuts for the rich, corporate tax reforms that will encourage the offshoring of profits, and the elimination of certain investment taxes, could save Adelson more than $2 billion in taxes.
Romney’s corporate tax reforms would also provide Adelson’s casino company approximately $1.2 billion in tax breaks on overseas profits and $565 million from Romney’s proposed shift to a territorial tax system. Adelson’s share of that, the report says, would be upward of $900 million.
And while Adelson would benefit from Romney’s reforms, the workers receiving his brochures could see a $2,000 tax increase if Romney were to keep his plan to maintain current levels of revenue.
Since the Supreme Court expanded the rules governing corporations’ and unions’ ability to promote political speech in the Citizens United case,several CEOs have been pressuring employees in swing states (like Nevada) to vote for Romney, a practice the GOP presidential candidate himself has endorsed.

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