This blog previously noted that the plutocracy needs those tax breaks to fund their wars on equity and ecology. And, given the unrest in oil countries, the American Empire needs to fuel its war machine. Thus, they are coming after social spending.
Think Progress reports, You Have More Money In Your Wallet Than Bank Of America Pays In Federal Taxes.
“I have one dollar in my wallet.”
“That’s more than the combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America. That means somebody is gaming the system.”