Lauren McCauley at Common Dreams reports on Flip the Debt, a new group confronting the enormously wealthy tax dodgers who insist that the poor, the middle class, and the elderly subsidize them.
Listen to what one Flip the Debt protester got up and said at a recent Fix the Debt shindig:
“Fix the Debt claims to seek bipartisan solutions to reduce the deficit, but Fix the Debt is nothing more than a CEO lobby whose real objective is huge corporate tax breaks and drastic cuts in Social Security, Medicare and Medicaid. David Cote and his CEO friends receive a lot from government: In 2011, Honeywell received $725 million in government deals, making it the 35th largest federal contractor. However, Honeywell and other companies pay next to nothing in taxes. Honeywell’s tax rate from 2008-2011 was 2 percent. Does anyone in this room pay 2 percent?”