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Posted on on May 3rd, 2013
by Pincas Jawetz (

News from the Institute for Policy Studies: Ideas into Action for Peace, Justice, and the Environment

from: John Cavanagh, Institute for Policy Studies

Dear Friend,

Today, IPS is releasing an explosive new report that exposes how taxpayers are subsidizing exorbitant executive pay at the corporations leading the push for austerity in the budget debate. Yes, tax bucks paid by hardworking Americans are subsidizing pay for CEOs who are actively lobbying for cuts to Social Security, Medicaid, and more. This is a great example of what IPS has been doing for 50 years – generating research and ideas that inform and frame the debate around the issues that matter.

The report, co-released with Campaign for America’s Future, reveals that 90 CEOs of the so-called “Fix the Debt” lobby group have cost U.S. taxpayers roughly $1 billion dollars through an outrageous tax loophole that allows them to deduct most of their pay.  Imagine the gall of CEOs who counsel cutting your Social Security because the country is supposedly broke, while they add to the deficit through this loophole.

JOIN US ON TWITTER/FACEBOOK, WIN STUFF. Now is a great time to let us know you’re with us on Facebook and Twitter. Why? Because we’re holding a contest on the release of today’s report. You can  win a FREE signed copy of today’s report, “’Fix the Debt’ CEOs Enjoy Taxpayer-Subsidized Pay,” as well as a FREE copy of “The Rich Don’t Always Win,” a groundbreaking book on inequality by Sam Pizzigati, IPS Associate Fellow. To enter, please see the contest instructions below. This will help us spread the word on this tax loophole trickery.

Thanks for joining us in turning ideas into action,

John Cavanagh
Institute for Policy Studies

Joy Zarembka
Associate Director,
Institute for Policy Studies

P.S. We urge you to join us on Sunday, May 19, as IPS ally Split This Rock, the Washington, DC-based national organization that integrates poetry into movements for social change, celebrates its fifth anniversary with a Mimosa Brunch featuring poet of the 2013 Presidential Inauguration, Richard Blanco. The event, “Behind the Scenes at the Inauguration: A Public Conversation with Inaugural poet Richard Blanco and Grace Cavalieri,” will include readings by Blanco and performances by the DC Youth Slam Team. You can buy tickets at

Enter to win a signed copy of today’s report, as well as a copy of “The Rich Don’t Always Win.” Simply follow the instructions below. Deadline for entering contest is Friday, May 2, 2013, 5:00 PM ET.

1) Go to our Twitter page:
2) You may have to log in.
3) Click “Retweet” on our tweet on the report (direct link to tweet):

NEW REPORT shows CEOs call for austerity, receive taxpayer-subsidized payouts.
@IPS_DC, @OurFuture.

OR) Cut and paste the above text into your Twitter window, and tweet it out.

1) Go to our Facebook page here:
2) You may have to log in.
3) Click “Like” and then “Share” on our post on the report (direct link to post):

NEW REPORT by IPS and Campaign for America’s Future shows that CEOs who push for austerity, cuts to Medicare and Medicaid, are receiving massive sums – up to $68 million – in taxpayer-subsidized pay – thanks to the CEO “performance pay” tax loophole.

IMPORTANT: Thanks for being a part of this IPS contest! One winner will be chosen at random from all entries on Twitter and Facebook. Once you are selected as a prize recipient, we will contact you via Twitter and/or Facebook. You will be given 48 hours to respond with your address and other details. If you do not respond within 48 hours of being contacted, another winner will be chosen at random and contacted.


May 2, 2013

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