GOP Senator: 'Government Is Subsidizing The Lifestyles Of The Rich And Famous'

[Lakhota]

By Michael McAuliff

WASHINGTON -- Millionaires 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.

People who individually earned more than a million dollars in 2009 even managed to collect a total of nearly $21 million in unemployment insurance.

"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," wrote Coburn, an Oklahoma Republican, in an accompanying letter. "Multimillionaires are even receiving 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."

Calling the giveaways "sheer Washington stupidity," Coburn detailed in the study more than $30 billion a year that comes out of the U.S. Treasury to aid people who make more than a million a year.

More: Tom Coburn: $30 Billion In Millionaires Aid Is 'Sheer Washington Stupidity'

Report: Subsidies of The Rich and Famous

 

[Lakhota]

Surprising coming from Tom Coburn.

 

[Care4all]

not really....i think he is usually a hawk on this kinda stuff, isn't he?

 

[ScienceRocks]

Fuck subsidizing anyone. period. Give it back to the states if there needs to be subsidizies.

 

[Lakhota]

not really....i think he is usually a hawk on this kinda stuff, isn't he?

Thank you, I didn't know that. I'm too used to hearing all his other wingnuttery stuff.

Anyway, I praise him on this.