Free Market BABY….YEEEEEEHAAAAAAAWWWWW
Awesome!
So if I read this right. I should be able to claim taxes against my income from 2004…again. SWEET!
In the Senate bill, the nation’s biggest home builders, some now on the verge of bankruptcy, won a provision that would let them claim millions in tax refunds by charging their current losses against the huge profits they made three or four years ago. Other struggling industries would benefit from this provision.
Downtrodden automakers — Ford and General Motors — were especially dogged in securing a tax break that would let them collect alternative minimum tax credits, also known as the A.M.T., that would otherwise be out of reach because they did not pay enough taxes in recent years to claim a rebate.
If the provision becomes law, it could mean checks up to $40 million for the car manufacturers, as long as the companies had made investments in plant or equipment in that amount
Keep telling me everything is fine with your government people. I wonder how our MODERATE buddy Mr. McImmunity Castle will be voting?
Tags: Bush's Fubar Economy, Free Market, Politics
So everytime I get a little short, I can just call Castle and get tax payer money to help me out? Schweet!!! Or does this just work if I spend a couple hundred million on lobbyists and campaign donations?
If the provision becomes law, it could mean checks up to $40 million for the car manufacturers, as long as the companies had made investments in plant or equipment in that amount.
Do investments in China count?
That ain’t free market baby. That is your basic corporate welfare.
Corporate socialism is sweet if you are a corporate oligarch.
Article out today how the Free Market (NAFTA) has destroyed Mexico’s economy. No wonder South American countries are refusing to enter into these horrible agreements! Not Free, not Fair and only benefiting the biggest multi nationals on the planet. Super Disaster Capitalism will make Socialism look good to many countries.
Liz, would the economic problems in Mexico have anything to do with declining oil revenue from the State oil monopoly despite the high price of oil? Maybe the telephony monopoly is part of the problem? Maybe the US switching corn production from food to fuel, and thereby doubling the price of a tortilla is to blame. Oh, no, it has to be NAFTA.
Alan: which came first the chicken or the egg!