Report: Close Corporate Tax Loopholes
Toward Common Ground
To break through the ideological divide that has dominated Washington this past year and offer a pathway to address the nation’s fiscal problems, the National Taxpayer Union and U.S. PIRG joined together to identify mutually acceptable deficit reduction. This report documents our findings.
What follows is a general summary of recommendations that fall into four rough categories:
1. $214.9 billion in savings from ending wasteful subsidies
2. $428.8 billion from addressing outdated or ineffective military programs,
3. $232.3 billion from improving program execution and government operations,
4. $132.1 billion from reforms to entitlement programs.
Each specific recommendation includes an estimate of its savings over the next ten years, and a reference to the source from which the estimate was drawn.
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Every year, our tax dollars pay for enough corn syrup and other junk food additives to buy 2.8 million Twinkies. It's time to stop subsidizing obesity.
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