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View Full Version : Democrooks give tax breaks to million/billionaires



LWW
12-04-2010, 02:52 AM
And it was all done under the radar because it wasn't an income tax.

OH DEAR! (http://online.wsj.com/article/SB10001424052748704377004575651134154809918.html?m od=WSJ_hp_LEFTWhatsNewsCollection)

LWW

pooltchr
12-04-2010, 07:04 AM
I had fears that the lame duck congress, knowing that the power would shift in a few weeks, would make a final push to further destroy our economy.

Steve

Qtec
12-04-2010, 08:22 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">I had fears that the lame duck congress, knowing that the power would shift in a few weeks, would make a final push to further destroy our economy.

Steve </div></div>

How many times are you going to do this? He makes a post and you agree straight away without even knowing the facts.

Did you even read the article? I did.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">A series of tax relief measures is saving companies bailed out by the government billions of dollars at a time when concern over tax revenues has risen.

Although <span style='font-size: 20pt'>the Treasury Department first provided the tax guidance in the fall of 2008,</span> <u>the magnitude </u>of the tax savings <u>has become clearer in the past year.</u> The tax relief drew new scrutiny last month after Wall Street bankers touted it to investors in the initial public offering of General Motors Corp. </div></div>


Bush did it, not Obama.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Some critics decry the actions at a time when the focus has turned from saving the economy to closing budget deficits. "The agencies are literally throwing gratuities at banks and other companies," said Christopher Whalen, a bank stock analyst at Institutional Risk Analytics.

Other tax experts, however, defend the government policy. George Yin, a tax law professor at University of Virginia Law school, said the actions are <u>"perfectly defensible" because this doesn't represent the kind of trafficking in tax losses curtailed by the 1986 law. "The government isn't acquiring AIG because it wants to get some benefit from its losses," he noted</u> </div></div>

Q

LWW
12-04-2010, 09:08 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">I had fears that the lame duck congress, knowing that the power would shift in a few weeks, would make a final push to further destroy our economy.

Steve </div></div>

How many times are you going to do this? He makes a post and you agree straight away without even knowing the facts.

Did you even read the article? I did.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">A series of tax relief measures is saving companies bailed out by the government billions of dollars at a time when concern over tax revenues has risen.

Although <span style='font-size: 20pt'>the Treasury Department first provided the tax guidance in the fall of 2008,</span> <u>the magnitude </u>of the tax savings <u>has become clearer in the past year.</u> The tax relief drew new scrutiny last month after Wall Street bankers touted it to investors in the initial public offering of General Motors Corp. </div></div>


Bush did it, not Obama.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Some critics decry the actions at a time when the focus has turned from saving the economy to closing budget deficits. "The agencies are literally throwing gratuities at banks and other companies," said Christopher Whalen, a bank stock analyst at Institutional Risk Analytics.

Other tax experts, however, defend the government policy. George Yin, a tax law professor at University of Virginia Law school, said the actions are <u>"perfectly defensible" because this doesn't represent the kind of trafficking in tax losses curtailed by the 1986 law. "The government isn't acquiring AIG because it wants to get some benefit from its losses," he noted</u> </div></div>

Q </div></div>

Incorrect ... congress did it.

LWW

pooltchr
12-04-2010, 02:44 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">
Bush did it, not Obama.

Q </div></div>

No, Bush didn't do it. The Dem controlled congress did it.

If you are going to comment on US politics, the least you could do is educate yourself as to how things work here.

Steve

LWW
12-04-2010, 04:32 PM
Again Snoopy shows the truth of leftists.

They so love being told what to do by the King ... and yes Snoopy's homeland still has a King ... that they simply can't imagine that all governments aren't ran in a Stalinesque style.

LWW