Fix the Debt Empties Its Trojan Horse

January 2, 2013 · By Sarah Anderson and Scott Klinger

The corporate-driven campaign didn't get everything it wanted with the fiscal deal, but it's likely to continue to be a major force as budget talks continue.

Over the last three months, the Fix the Debt campaign, led by more than 100 big company CEOs, has unleashed a firestorm of ads, blanketing political news web sites and entirely plastering the Capitol South Metro station used by most Congressional staffers.

In late October, the Institute for Policy Studies began exposing the Fix the Debt campaign's Trojan Horse. While they presented themselves as a patriotic bipartisan group, merely seeking a “balanced” deal, their own lobby materials revealed they were out to use the fiscal cliff as an opportunity to win massive new corporate tax breaks paid for with cuts to earned benefit programs like Social Security and Medicare.