As sequester cuts start to bite a little harder, the Fix the Debt gang is pushing for a "grand bargain," deep cuts to earned benefit programs like Social Security and Medicare in exchange for some vague promises about "tax reform."

In our new report on Fix the Debt, CMD reveals that part of the Fix the Debt's hidden corporate agenda is to push for new tax loopholes that would actually add to the deficit. Specifically, many Fix the Debt firms want to exempt money made offshore from taxation in the United States. Opening this new loophole would cost the Treasury some $1 trillion over 10 years according to Citizens for Tax Justice.

Since the Center for Media and Democracy's launch of ALEC Exposed in July 2011, CMD has known that the American Legislative Exchange Council (ALEC) and its corporate funders are accelerating the race to the bottom in wages and working conditions for America's working families. ALEC has a raft of "model bills" to lower wages and slash benefits for workers, even one to repeal state minimum wage laws.