Monday, November 29, 2010

Chamber Of Commerce's Lobbying To Extend Bush Tax Cuts Would Reap Millions For Wealthy Backers

Chamber Of Commerce's Lobbying To Extend Bush Tax Cuts Would Reap Millions For Wealthy Backers

WASHINGTON -- The labor-backed advocacy group U.S. Chamber Watch is taking aim at the U.S. Chamber of Commerce in a new report, arguing that the industry group's aggressive lobbying effort to extend the Bush tax cuts is less about creating jobs for businesses and more about lining the pockets of wealthy corporate CEOs who would personally gain from hundreds of thousands to millions of dollars.

"Let's be clear: The US Chamber isn't fighting to extend the Bush tax cuts because it helps small businesses (it doesn't) or the vast majority of its members (nope); it merely helps Chamber CEOs like Rupert Murdoch, JPMorgan Chase's Jamie Dimon and Wellpoint's Angela Braly who sleep easier knowing they'll be able to afford that extra private jet," said Chamber Watch spokesperson Christy Setzer. "The US Chamber has thrown its Main Street members under the bus to protect the wallets of its wealthiest CEOs."

A few CEOs have been coming out and publicly arguing against extending the Bush tax cuts for the wealthiest Americans, with billionaire Warren Buffett recently saying that people like him should be paying much more in taxes.

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