As The Hill notes today:
A leading Senate conservative is taking aim at tax breaks that he says amount to welfare for millionaires, a line of critique that usually comes from liberal Democrats.
Sen. Tom Coburn (R-Okla.) released a report detailing special tax breaks for wealthy income earners that could give members of the supercommittee common ground for raising tax revenues.
And just who are these welfare millionaires? Oil executives and bankers, every last one of them, right? Well, not exactly. From The Daily Caller:
Wealthy celebrities including Bruce Springsteen, Jon Bon Jovi, Quincy Jones and Ted Turner have received federal subsidies, according to “Subsidies of the Rich and Famous,” a new report from the office of Oklahoma Republican Senator Tom Coburn.
The Government Accountability Office (GAO) identified several individuals receiving farm payments “whose professions had nothing to do with farming or agricultur[e],” says the report. These individuals include real-estate developer Maurice Wilder, a “part-owner of a professional sports franchise [who] received total of more than $200,000 in farm program payments in 2003, 2004, 2005, and 2006.”
The report also says millionaires Jon Bon Jovi, Bruce Springsteen and Ted Turner have collected farm subsidies.
“These individuals include Scottie Pippen and Ted Turner, respectively. Millionaires also receive state tax breaks on farm land. For example, Jon Bon Jovi paid property taxes of only $100 last year on his extensive real estate holdings in New Jersey that he uses to raise bees. At the same time, Bruce Springsteen received farm subsidies because he leases his property to an organic farmer,” the report explains.
Disclaimer: I don’t own so much as a Bon Jovi single. But I’ve seen them in concert (and they were awesome, so there). Bruce Springsteen is one of my favorite artists of all time. Brucie, baby, I expect you to fix this. Let’s get you on up to Capitol Hill for some hearings where you’ll say things like, “yeah, man, I don’t need that subsidy stuff. Save that for the real working farmers. Shit.”