kiwiman127
Comfortably Moderate
Of course, we should have everybody sacrifice!
What I'm referring to is the welfare for the wealthy and the elimination of tax write-offs that only the wealthy get to use, plus other programs they take advantage of..
End welfare for the wealthy- by Sen. Tom Coburn R-OK
<snip>
"Every year, politicians on both sides engage in a process of reverse Robin Hood in which they steal $30 billion from low- and middle-income Americans and provide handouts to the rich and famous
Millionaires receive tax earmarks and deductions crafted by both parties that allow them to write off billions each year. These write-offs include mortgage interest deductions on second homes and luxury yachts, gambling losses, business expenses, electric vehicle credits and even child care tax credits.
Meanwhile, direct handouts for millionaires have included $74 million in unemployment checks, $316 million in farm subsidies, $89 million for preservation of ranches and estates, $9 billion in retirement checks and $7.5 million to compensate for damages caused by emergencies to property that should have been insured. Millionaires have even borrowed $16 million in government-backed education loans to attend college since 2007."
End welfare for the wealthy - CNN.com
To see how much Welfare for the Wealthy is costing taxpayers:
http://coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=bb1c90bc-660c-477e-91e6-91c970fbee1f
What I'm referring to is the welfare for the wealthy and the elimination of tax write-offs that only the wealthy get to use, plus other programs they take advantage of..
End welfare for the wealthy- by Sen. Tom Coburn R-OK
<snip>
"Every year, politicians on both sides engage in a process of reverse Robin Hood in which they steal $30 billion from low- and middle-income Americans and provide handouts to the rich and famous
Millionaires receive tax earmarks and deductions crafted by both parties that allow them to write off billions each year. These write-offs include mortgage interest deductions on second homes and luxury yachts, gambling losses, business expenses, electric vehicle credits and even child care tax credits.
Meanwhile, direct handouts for millionaires have included $74 million in unemployment checks, $316 million in farm subsidies, $89 million for preservation of ranches and estates, $9 billion in retirement checks and $7.5 million to compensate for damages caused by emergencies to property that should have been insured. Millionaires have even borrowed $16 million in government-backed education loans to attend college since 2007."
End welfare for the wealthy - CNN.com
To see how much Welfare for the Wealthy is costing taxpayers:
http://coburn.senate.gov/public/index.cfm?a=Files.Serve&File_id=bb1c90bc-660c-477e-91e6-91c970fbee1f