Monday, August 25, 2008

15th Annual Labor Day 'Executive Excess' Report

Labor Day is almost here. A new report by the Institute for Policy Studies and United for a Fair Economy says U.S. taxpayers are helping subsidize executive compensation packages by more than $20 billion a year.

"Loopholes allow top executives to avoid paying their fair share of taxes," says Sam Pizzigati, who co-authored the report. "As a result, ordinary taxpayers wind up picking up the bill."

Congress refuses to close the loopholes. Could the fact that so many members of Congress are at the mercy of corporate lobby groups have something to do with it?

Follow the link below to read the report:

New Report Finds $20 Billion in Tax Subsidies for Excessive Executive Compensation

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