Tell the CEO of Macy's: Stop trying to cut Social Security, Medicare and Medicaid benefits.
Matt Lockshin, CREDO
From Miracle on 34th Street to the Thanksgiving Day Parade, Macy's is a powerful symbol of the holidays for many Americans.
But this holiday season, Macy's CEO Terry Lundgren is part of a coalition of ultra-wealthy CEOs who are actively working to undermine the economic security of countless American families.
These CEOs are lobbying Congress to cut Medicare, Medicaid and Social Security benefits (not to mention other important safety net programs), all to get themselves and their companies massive tax breaks.
Just last month, Macy's CEO Terry Lundgren kicked off Macy's anti-Medicare advocacy by co-signing a letter to Congress that, as Reuters financial blogger Felix Salmon explained:
....basically just says "please cut our taxes, raise taxes on everybody else, and cut the benefits they get from Medicare, Medicaid, and Social Security, which are programs we individually don't rely upon." It's gross self-interest masquerading as public statesmanship.1
And the coalition of CEOs Lundgren is part of will do much more than simply write letters. According to the Christian Science Monitor:
The CEOs will play an integral part in a post-election advocacy campaign by raising the issues of long term debt and deficits with members of Congress, holding town halls with their employees and the public, and working with members of Congress to develop policy solutions...2
Macy's has spent vast amounts of money to project a brand image that's entirely incompatible with the deplorable actions of its CEO. And the holiday season is the worst time for the Macy's brand to be embroiled in this kind of controversy. So if enough of us speak out, this is a fight we can win.
Tell Terry Lundgren, the CEO of Macy's, to stop trying to cut Social Security, Medicare and Medicaid benefits. Click below to automatically sign the petition:
Thank you for speaking out.
Matt Lockshin, Campaign Manager
CREDO Action from Working Assets
1. "CEOs' Self-serving Deficit Manifesto," Reuters, 10-25-12.
2. "Fix the Debt: CEOs launch drive for 'grand bargain.' Is Washington listening?," Christian Science Monitor, 10-25-12.