Celebrities Received Federal Funds
November 16, 2011
Wealthy celebrities including Bruce Springsteen and Jon Bon Jovi have received federal subsidies, according to "Subsidies of the Rich and Famous," a new report from the office of Oklahoma Republican Senator Tom Coburn, reports the Daily Caller.
- 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 says millionaires Jon Bon Jovi and Bruce Springsteen have collected farm subsidies, noting that Bon Jovi paid property taxes of just $100 last year on his real estate holdings in New Jersey that he uses to raise bees.
- Springsteen also received farm subsidies "because he leases his property to an organic farmer," the report explains.
Source: Nicholas Ballasy, "Coburn Report: Bon Jovi, Springsteen, Quincy Jones, Ted Turner Received Federal Funds," Daily Caller, November 14, 2011. U.S. Sen. Tom Coburn, "Subsidies of the Rich and Famous," U.S. Senate, November 2011.
Browse more articles on Tax and Spending Issues