Saturday, March 24, 2012

That's not 'special interests'

The value of U.S. tax breaks exceeds $1 trillion, which may give both parties potential areas to cut costs and alleviate the cost of changing the tax code, the Wall Street Journal reported, citing a study. The Congressional Research Service report found the biggest tax break is likely to be valued at $164 billion annually in 2014 and is on employer-provided health insurance, while employer-provided pensions are the second-biggest exclusion at about $163 billion, the newspaper said.
Drudge seems to think employer provided health care and pensions are 'special interests'. Yeah sure, and get ready for the middle class to start paying for Mitt Romney and Paul Ryan's extra $187,000 a year tax cut for millionaires.