The biggest tax breaks will put $12 trillion into the bank accounts of mostly wealthy Americans over the next decade instead of going into federal coffers to help balance the budget, according to a new study by the Congressional Budget Office.  The study found that 17 percent of the total tax breaks would go to the top 1 percent of income earners, families earning roughly $450,000 or more. Sen. Bernie Sanders, a member of the Senate Budget Committee, said the report puts the choice in stark relief: do we keep tax breaks for the wealthiest Americans or cut Social Security, Medicare, Medicaid, college loans, food for seniors and other programs? Unfortunately, Sanders told radio host Ed Schultz, “our Republican friends are adamant about protecting the wealthy and powerful.”  

Listen to Sanders discuss the new report with Ed Schultz »

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