Tax Loopholes for Corporate Jets or Investments in Jobs and Education? [InfoGraphic]

By on February 15, 2013

Unless Congress acts, on March 1 automatic and indiscriminate spending cuts will hit key programs, costing our economy more than 1 million jobs and cutting essential services for millions of low- and middle-income families. Congress can act to avert these cuts by taking a more balanced approach to deficit reduction that eliminates wasteful tax loopholes that only benefit a wealthy few.
Just by eliminating a loophole that gives special treatment to corporate jets, for example—at a cost to taxpayers of $3.2 billion over 10 years—Congress could avert cuts that would cost thousands of jobs, hurt millions of disadvantaged students, and force hundreds of thousands of vulnerable families to lose critical nutrition and housing supports this year. Here’s the math:

Tax Loopholes for Corporate Jets or Investments in Jobs and Education