Goodrich Corp to pay $10,000,000 this quarter for tax hit from Obamacare.

GleeStreet.com ^ | 3/31/2010

[brianhumeck]

Retirees and other people on Main Street who invest in mutual funds better get ready to lose money because of the health care reform bill. Even those foolish people who supported it will lose money.

Even if it the health care bill is repealed and replaced later, companies are losing 2010 1st quarter profits directly related to the health care bill. There’s no getting that money back unless you won’t be retiring for a while. Here’s another company losing millions due to Obamacare.

[brianhumeck]

So far I’ve heard reports from Caterpillar, John Deere, Verizon, Boeing and Goodrich. Would love to have an exhaustive list of companies and the money they will now not be able to put towards jobs.

Thanks Obama for focusing on jobs!!!!

[Logical me]

If these corporations, when subpoena by Waxman, don't tell this as@ to go to you know where the first time that pug nose tries to get in their face I will lose all hope for America. It is time to call the RATS out face to face and take none of their shi@ while we still have some freedom.

[SoCal Pubbie]

Add AT&T.

[Eric in the Ozarks]

Barky is destroying the earnings power of American companies in the name of fairness.
Did you not get the fairness memo ?

[brianhumeck]

I hope they do that. Seriously, someone should stand up for their rights.

[brianhumeck]

Thanks. I knew there was another big one.

[driftdiver]

hannity had a blurb from BO saying now was not the time for profits.

[Signalman]

How dare Goodyear come out with this information. Why, even if it is factual, they need to be hauled before Congress and be forced to explain this. This is outrageous!

[Knitting A Conundrum]

I’ve been trying to compile a list. This is what I have so far:

ATT 1 billion
Caterpillar 100 million
Deere & Co. 150 million
AK Steel 31 million
3M 90 million
Valero Energy 20 million
Prudential 100 million
Allegheny Tech 5 million
ITW 22 million
Boeing 150 million
Xcel Energy 17 million
Goodrich 10 million
Honeywell 13 million

[Need4Truth]

3M 90 million
AK Steel 31 million
ATT 1 billion
Boeing 150 million
Caterpillar 100 million
Deere & Co. 150 million
Goodrich Corp 10 million
Lockheed Martin Corp 96 million
Valero Energy 20 million
Prudential 100 million
Allegheny Tech 5 million
Illinois Tool $22 Million
ITW 22 million

[Freedom56v2]

capitalism bump!!

[Eric in the Ozarks]

Goodrich Corp is not the same company as Goodrich Tire.
I think they split in the 1990s...

[Knitting A Conundrum]

How did I miss Lockheed? runs to add it to my list....

[eyedigress]

Good Job. That list will grow massive. Motorola, Mutual of Omaha, Walmart etc.

[Knitting A Conundrum]

I’ve been keeping an eye out for the data...it’s quite a sum....

[Need4Truth]

Combining lists (how’s this look?):

3M 90 million
AK Steel 31 million
Allegheny Tech 5 million
ATT 1 billion
Boeing 150 million
Caterpillar 100 million
Deere & Co. 150 million
Goodrich Corp 10 million
Honeywell 13 million
Illinois Tool $22 Million
ITW 22 million
Lockheed Martin Corp 96 million
Prudential 100 million
Valero Energy 20 million
Xcel Energy 17 million

[Knitting A Conundrum]

Add Ingersoll-Rand Plc for 41 million.

[brianhumeck]

Thanks for the list. I hope this kind of list will make some good advertising in the fall. Let’s see, how many 50k a year jobs could have been created with $1.78 billion (the total of your list so far)

[brianhumeck]

And the list grows....Thanks.