A decent report and some interesting numbers from an unlikely source:

[truedelphi]

From the URL: http://downwithtyranny.blogspot.com/
Tuesday, November 15, 2011
Tom Coburn Flips Out Again-- But In A Good Way

Republican Tom Coburn of Oklahoma is, at best, a crackpot. Usually his reactionary core is more powerful than his crackpot nature. But not always; sometimes the crackpot in him wins out and, on rare occasion, he strays from the GOP corporate line and goes wandering off on his own. That just happened again. You may recall he got into a tiff with Grover Norquist a couple months ago over the no taxes pledge the Republicans all sign every two years. Now Coburn, who doesn't face the nation's most ignorant electorate for another 3 years, is borrowing a line of attack from progressives to whine about tax breaks his party has championed for millionaires. He issued a report for the
SuperCommittee detailing unfair tax breaks to the SuperRich.

The report found millionaires enjoy about $30 billion worth of “tax giveaways” and federal grants every year-- almost twice NASA’s budget, the report notes.

“From tax write-offs for gambling losses, vacation homes and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the
lifestyles of the rich and famous. Multimillionaires are even receiving government checks for not working,” Coburn said in a statement Monday.

The report is significant because Coburn is one of the Senate’s outspoken conservatives and has spent over a year working intensely on a bipartisan grand bargain to reduce the deficit.

...Coburn has identified billions of dollars in tax breaks reaped by millionaires that Democrats could be quick to target, as Republicans might suffer political
damage by defending these special breaks. Sen. Charles Schumer (D-N.Y.) has centered the 2012 Democratic campaign message on the theme that Republicans favor the interests of millionaires and billionaires over the middle class.
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There are some amazing facts, stats, and comments published in this article. Highly recommend reading this, as it supplies us liberals with a lot of facts and figures about who does how much feeding at the public trough.

[rfranklin]

1. This is a diversion to prevent the Bush tax cuts from expiring...

The idea that the Republicans are worried about the Dems calling them on loopholes is laughable.

[truedelphi]

2. The Bush tax cuts and their expiration was handled last December...

DO they come up for review this year also?

[rfranklin]

3. The Super Committee wrangling is involved...

'Magical week' for super committee?

-snip-

Republicans have offered a proposal with $1.4 trillion in deficit reduction, including $500 billion in new revenue from capping individual deductions while cutting all six income tax rates by roughly 20%. Under the proposal, the top rate would fall from 35% to 28%.

Democrats have rejected the plan as insufficient, saying it would end up decreasing revenue in the long run by permanently extending tax cuts from the Bush administration that are scheduled to expire at the end of 2012.

http://www.cnn.com/2011/11/15/politics/super-committee/index.html

[truedelphi]

4. Good to know. n/t