GOP sen.: Feds send checks to millionaires for not working

[appleannie1]

A leading Senate conservative is taking aim at tax breaks that he says amount to welfare for millionaires, a line of critique that usually comes from liberal Democrats.

Sen. Tom Coburn (R-Okla.) released a report detailing special tax breaks for wealthy income earners that could give members of the supercommittee common ground for raising tax revenues.

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.

http://thehill.com/homenews/senate/193365-coburn-targets-billions-in-tax-breaks-reaped-by-millionaires

[NYC_SKP]

1. This is why we Occupy.

Among many other reasons....

[Uncle Joe]

7. + Infinity with a cherry on top. n/t

[CaliforniaPeggy]

2. More power to him.......on this issue, anyway.

[MADem]

3. He's hearing from his constituents, I'm betting. nt

[Ian David]

4. Free money from the government... FOR MILLIONAIRES!

[slay]

5. And this - from a Republican

why don't the Dems talk about this? they need to. many times i think the Dems are just there to provide cover for what the repubs do. how much money have Diane Feinstein and her husband made off the Iraq War? Millions. i'm just glad someone is talking about it - even if it is a republican.

[durablend]

9. Well you nailed it

They're just as in on it as the right is, so not gonna upset the gravy train.

[Laelth]

6. Tom Coburn? Really?

I am flabbergasted, truly.

Did Hell just freeze over?

-Laelth

[Luciferous]

8. Good for him!

[lumberjack_jeff]

10. Did he put Michelle Bachmann on the top of that list? n/t