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The secret $1.8 trillion Pentagon budget plan for next decade is a mess

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Pentagon spending for the next decade includes $1 trillion in defense-related tax breaks for the wealthy, a report from the nonpartisan Congressional Research Service found.

The $1,400 per-person tax credit for the top 1 percent of earners is $5,600 per year, while the maximum deduction for spouses and dependents is $1 million.

The largest tax break is for those earning over $1 billion, which provides a $600 tax credit on their taxable income.

The Pentagon says the tax breaks are intended to help the military as it seeks to boost its military budget and combat a rising threat from Iran and North Korea.

Defense Secretary Chuck Hagel told lawmakers in February that the tax break was meant to “help” the military and the economy.

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