***CEO WATCH***
While Fiorina is in Texas today…
Karl Rove Comes Out to Play with New Fiorina IE in California
TV Ad Rewards Fiorina’s Support for Shipping Jobs Overseas
While Republican Carly Fiorina is at a private club in Texas raising money today, she is getting a boost from top Texas Republican Karl Rove, who has unleashed an independent expenditure television ad to reward Fiorina for supporting tax breaks for companies that ship jobs overseas.
When Karl Rove and President George W. Bush were in Washington, they kept in place tax breaks for companies that ship jobs overseas. (USA Today, 3/21/2008) Today, Carly Fiorina supports tax breaks for companies that ship jobs overseas, calling “disgraceful” a recent bill that ended some of these tax breaks and will help California keep 16,500 education jobs. (Los Angeles Times, 8/11/10; Associated Press, 8/6/10)
Fiorina’s position is not surprising since she also shipped thousands of jobs to India, China and elsewhere when she was at Hewlett-Packard; she even boasted about it, calling it “right-shoring.” (San Francisco Chronicle, 1/9/04)
“While Carly Fiorina is fundraising in Texas today, she is getting rewarded by Karl Rove and Texas oil billionaires for supporting tax breaks for companies that ship American jobs overseas. Carly Fiorina may earn millions in advertising from Karl Rove’s Texas friends for saying it’s right to send jobs overseas, but her right-wing economic agenda is wrong for California. Karl Rove’s act didn’t work for George W. Bush in California and it won’t work for Carly Fiorina either,” said Kam Kuwata, from CEO Watch.
Salon.com has reported that “virtually all of the $4.7 million raised by Karl Rove’s new conservative outfit was contributed by just four billionaires, three of whom are based in Dallas, Texas, and two of whom made their fortune in the oil and gas industry…Trevor Rees-Jones, president of Dallas-based Chief Oil and Gas, gave a $1 million donation to American Crossroads just as the group was starting in April…. TRT Holdings, owned by Dallas’ Robert Rowling, gave American Crossroads $1 million. Rowling, whose firm owns Omni Hotels and Gold’s Gym, got started at his father’s successful company, Tana Oil & Gas.” [Salon.com, 5/23/2010]
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CEO Watch is a project of the Los Angeles County Democratic Party that explores the records of Republican candidates who brag about their business credentials as qualifications for seeking public office. Not authorized by any federal candidate or committee.