Sunday, January 19, 2014

Income Tax Cuts Just the Tip of the Welfare-for-the-Rich Iceberg That Is Killing the Country

There's not a rich person out there who could survive five minutes without welfare for the wealthy.

Via Firedoglake:

- Here’s a short article that give a brief look at the top ten ways welfare for the rich occurs in the U.S.
Bill Quigley at Counterpunch:
Here are the top ten examples of corporate welfare and welfare for the rich.   There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments but these ten will give a taste.


There is a special subsidy for corporate jets which cost taxpayers $3 billion a year.   The tax deduction for second homes costs $8 billion a year.  Fifty billionaires received taxpayer funded farm subsidies in the past twenty years.

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