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'King Size Combo:' New Report Reveals Broad Toll on Taxpayers by Bailed-Out Bank Goldman Sachs and Its Holdings in Burger King
Date:2/17/2009

the public assistance tab instead. It's a drain on our economy we can't afford to ignore any longer."

A previous SEIU report on another bailout recipient, Bank of America, found similar evidence of employment costs being shifted to taxpayers -- up to $50 million a year because Bank of America workers lack affordable employer health benefits.

Service workers held a protest today outside Burger King headquarters in Miami to call on Burger King and Goldman Sachs to stop opposing efforts to rebuild the economy through improvements for workers while taking billions of dollars from taxpayers and rewarding CEOs and corporate staff. Additional public outreach on the issue will take place throughout the week this week at Burger King restaurants in other cities around the country.

While costing taxpayers billions, both Burger King and Goldman Sachs are fighting legislation in the U.S. Congress that could help all workers and the overall economy by broadly increasing consumer purchasing power. Between 2006 and 2008 Burger King spent $319,648 on lobbying, including lobbying against the Employee Free Choice Act, a measure that would ensure workers the freedom to form a union for a voice for improved wages, benefits, and working conditions. Burger King also spent $180,000 to hire lobbyists to fight pro-worker legislation, including an increase in the minimum wage in 2006 and 2007.

Goldman Sachs is involved in lobbying against workers' interests as a member of the Business Roundtable, which spent $15,849,000 on lobbying in 2008 according to the Center for Responsive Politics, including lobbying against the Employee Free Choice Act in the third and fourth quarters last year.

With the food service industry, including fast food, expected to add one million new jobs to the economy between 2006 and 2016, the SEIU report "King Size Combo: What Burger King and Goldman Sachs Are Co
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SOURCE Service Employees International Union
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