Tom Coburn (R-Okla.) - Exposes "Welfare for Millionaires" - REALLY

If it wasn't for the fact that this is posted on the front page of The Hill - I wouldn't have believed it - would have thought it was a snarky entry on the web.


READ FOR YOURSELF - It's worth 3 minutes of your time.

Excerpts below from the article.

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.

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.

His staff found that millionaires received $74 million worth of unemployment checks from 2005 to 2009; $316 million in farm subsidies from 2003 to 2009; $89 million for the preservation of lands on ranches and estates in 2009 and 2010; and $7.5 million to compensate for property damages caused by disaster.

The average annual amount of tax breaks claimed by millionaires is $28.5 billion, Corburn’s report found.

I can't wait for the release of the report - should be interesting reading.


Coburn must be thinking about re-election
- insteading of bowing down to the golden idol - Grover Norquist.