Delaware Liberal

Bailout Companies Owe Federal Taxes

This is choice:

Some top recipients of U.S. bailout money owe the federal government more than $220 million in unpaid taxes, a U.S. lawmaker said on Thursday.

Representative John Lewis, a Democrat who heads the U.S. House of Representatives Ways and Means oversight subcommittee, said 13 bailed-out companies owe the federal government taxes. Two of them owe more than $100 million each.

Lewis said that the firms, which he did not name, signed statements at the time of receiving federal aid stating that they owed no federal taxes. Lewis said the revelation raises further questions about the bailout program.

So I guess forcing these firms into doing the right thing is the only thing left. Other options?

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