Our corporate friends at the well funded "Fix the Debt" campaign are still hoping to get "their" tax-cut too. The Institute for Policy Studies tells how. Fix the Debt leaders lamented that “Washington missed this magic moment
to do something big to reduce the deficit, reform our tax code, and fix
our entitlement programs.” in their Press Release. What they aren't saying is that they're hoping for HUNDREDS OF BILLIONS in "tax reform" measures that they're pushing. These are the richest of the rich, with companies that pay their CEO's more than they pay in US taxes!
IPS comments "The hypocrisy was stunning. We documented, for example, how many of the
campaign’s leaders had contributed massively to the national debt
through tax-dodging tricks. Twenty-four of them had even paid their CEOs more in 2011 than their firms paid in corporate income taxes. We also calculated that the average
Fix the Debt CEO calling for cuts to Social Security themselves had
pension assets of $12 million, enough to garner a $65,000 monthly
retirement check starting at age 65. "
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