Investigative reporter David Cay Johnston explores in his new book how in recent years, government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected.
He won a Pulitzer Prize in 2001 for his investigative reporting in The New York Times. His new book is Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich -- and Cheat Everybody Else. Johnston was hired by the Times to cover taxes and he approached it like an ongoing investigation. In his new book he writes, "I was especially surprised to find that some of the biggest tax breaks for the rich are not even in the tax code, and that the IRS was completely unaware of many widely used tax fraud schemes.
Last year, Journalist David Cay Johnston won a Pulitzer Prize for his reporting on the U.S. tax code. He writes about tax inequities, tax loopholes and the IRS for The New York Times. He will talk about how Enron and other large corporations get away with not paying taxes, and how the current economy and the war against terrorism will effect the proposed tax cuts.