...no one cares about the deficit. The people who claim to most care about it least. They have an agenda - giving more of your money to rich people - and the deficit is the excuse.The Institute for Policy Studies explains exactly how the scam works. More than 80
Some other key findings:
- The CEOs backing Fix the Debt personally received a combined total of $41 million in savings last year thanks to the Bush-era tax cuts. The top CEO beneficiary of the Bush tax cuts in 2011, Leon Black of Apollo Global Management, saved $9.9 million on the Bush tax cuts. The private equity fund leader reaped $215 million in taxable income last year just from vested stock.
- Of the 63 Fix the Debt CEOs at publicly held firms, 24 received more in compensation last year than their corporations paid in federal corporate income taxes. All but six of these firms reported U.S. profits last year.
In reality, the campaign is a Trojan horse concealing massive corporate tax breaks that would make our debt situation much worse.How noble.