ClosedCaption
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- Sep 15, 2010
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"Fix the Debt" CEOs Enjoy Taxpayer-Subsidized Pay - IPS
Now this is the type of wealth redistribution that gets a stamp of approval
*hard sarcasm*
A new report by IPS and Campaign for America's Future shows that Americas top CEOs are pocketing massive taxpayer subsidies at the same time theyre pushing austerity cutbacks in government programs that benefit ordinary citizens
Thanks to a performance pay tax loophole, large corporations in the United States today are routinely deducting enormous executive payouts from their income taxes. In effect, these companies are exploiting the U.S. tax code to send taxpayers the bill for the huge rewards theyre doling out to their top executives.
Now this is the type of wealth redistribution that gets a stamp of approval
*hard sarcasm*