Handouts for Millionaires

A new congressional analysis, put together by Sen. Tom Coburn (R-OK) and obtained by Newsweek, finds Americans earning more than $1 million a year “collect more than $30 billion in government largesse each year.”

“In all, millionaires receive hefty help from Uncle Sam. The $30 billion in handouts, to put it in perspective, amounts to twice as much as the government spends on NASA, and three times the budget of the Environmental Protection Agency. On the other hand, it would only cover the cost of fighting about three months in Iraq and Afghanistan. Still, eliminating them would help make a small dent in the $1.5 trillion congressional leaders are trying to find by Thanksgiving.”