Robert Creamer: GOP Willing to Create Economic Catastrophe to Protect Tax Loopholes for CEO's Who Fly Corporate Jets
Last week Republican Majority Leader Eric Cantor walked out of the negotiations aimed at preventing America from defaulting on its debt and pushing the country back into economic free fall. What was the impass that lead him to take such a "principled" and risky stand?
The Republican leadership refuses to even discuss eliminating tax loopholes for CEO's who fly corporate jets.
That's right, the GOP - that claims to stand up for the everyday Tea Party activist - is willing to risk the jobs of millions of Americans because they won't give an inch when it comes to massive tax benefits for the wealthy.
Instead, the Republicans have proposed eliminating Medicare and raising annual out-of-pocket health care costs for seniors - who have an average annual income of $19,000 a year - by $6,000 per person.