The report found millionaires enjoy about $30 billion worth of “tax giveaways” and federal grants every year — almost twice NASA’s budget, the report notes.
“From tax write-offs for gambling losses, vacation homes and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the lifestyles of the rich and famous. Multimillionaires are even receiving government checks for not working,” Coburn said in a statement Monday.
The report is significant because Coburn is one of the Senate’s outspoken conservatives and has spent more than a year working intensely on a bipartisan grand bargain to reduce the deficit.
DO SOMETHING!
| 