This is actually from 2004, but its really important to make sure that everyone knows this.
Cheney has often been linked to Haliburton. FactCheck did a report on the link to see if Kerry's claims were true. In an ad for Kerry:
It says, "As vice president, Dick Cheney received $2 million from Halliburton. Halliburton got billions in no bid contracts in Iraq. Dick Cheney got $2 million. What did we get?"
Fact check investigated it.
Here is a partial list of what they found:
A Halliburton pay statement dated Jan 2, 2001 shows just under $147,579 was paid that day as "elect defrl payou," meaning payout of salary from the company's Elective Deferral Plan. That was salary Cheney had earned in 1999, but which he had chosen previously to receive in five installments spread over five years.
Read the whole thing, because its too complex to sum up here.
But let me hit on the key points. Cheney took a deferred payment plan when he quit Halliburton. Its a way for him to spread his payments over several years to reduce his taxes. That payment wouldn't change based on Halliburton's profits.
Cheney's stock options were a different matter. He assigned them to be paid to charity.
Another words, no matter what happened to Halliburton, Cheney couldn't have personally profited from it.
So the next time that someone tells you that Cheney was shelling for Halliburton, read the Fact Check, then school them on the truth.
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