Taxpayers Give Fat Cats $20 Billion
Original publication: MSN Money
Date of publication: August 27, 2008
At the expense of you and me, tax breaks help companies hand ever-bigger paychecks to CEOs. What are the presidential candidates doing about it? Almost nothing.
As our national debt reaches new heights, some elite wealthy taxpayers get a pass when it comes to footing their share of the bill:
Those lavishly paid CEOs in their corner offices.
Thanks to five tax breaks cooked up by their friends in Washington, D.C., top executives and their companies enjoy at least $20 billion a year in income-tax breaks that are unavailable to the rank and file, according to a new study from the Institute for Policy Studies and United for a Fair Economy.
