Bail Outs For The Rich!?!?

Oh...  Now this was shocking news yesterday!   Did you know our goverment has a bail out program for Millionaires?  The rich are receiving billions in taxpayer-funded support every year that helps them pay for everything from child care to bad debts to boats and vacation homes, according to a report released Monday by Sen. Tom Coburn.

 

We know about the BIG write offs:  gambling losses, vacation homes, and luxury yachts to subsidies for their ranches and estates.

 

Bur guess what...they are collecting government checks for not working. This welfare for the well-off -- costing billions of dollars a year -- is being paid for with the taxes of the less fortunate.

All totalled according to the Senator:

$30 billion a year that comes out of the U.S. Treasury to aid people who make more than a million a year.

 

Among the handouts for the well-heeled are:

$18.15 million in child care tax credits

$74 million in unemployment checks

$89 million for preservation of ranches and estates

$316 million in farm subsidies

$608 million in business entertainment deductions

$9 billion in retirement checks

$21 billion in gambling losses

$28 billion in mortgage breaks for mansions, vacation homes and yachts

 

 

Does that shock you?  This is sheer Washington Stupidity!