Sins of sequestration: Republicans refuse to end giveaways to corporations and super-rich

Republicans are always for cutting the federal budget, right? Nope, not when it comes to protecting the assets of their super-wealthy friends.

In the sequester battle, here are some of the things they refuse to cut:

  • $10 billion in tax deductions for vacation homes and yachts
  • $168 billion in tax breaks to corporations that ship jobs overseas
  • $3 billion in the “corporate jet loophole”
  • $25 billion in special tax breaks to the largest oil companies

Greg Sargeant of the Washington Post says that “the GOP approach to the sequester is so deeply unserious that no deal looks even remotely possible.”

John Boehner has admitted that he wants to eliminate the deficit in ten years–all without new revenues. That could mean reducing the size of government spending by one-sixth to one-third.

The sequester is a gift to Republicans: starve the beast until it dies. Until we all perish along with it.

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