Simply Politics and News

[n4807g]

Gulf don't be too hard on DesertDrifter...he loves the GM bailout...talk about a tax dodge!!! Never in the history of corporate bankruptcy had a company been allowed to keep their loss carry forward. I'd say that might be the mother of all tax dodges.....but hey, when Obama condones a $45 Billion tax giveaway, that's great policy. When Romney follows the current tax law...he's a tax dodger.

LOL......

Thanks to a “sweetheart” tax deal worked out between General Motors and government, the Detroit auto manufacturer won’t have to pay $45.4 billion in taxes on future profits, according to recent reports from the Wall Street Journal and CNN Money.

As it turns out, not only did the feds give the failing company billions of taxpayers dollars, all while firing executives and replacing them with government-backed officials, but they also gave what some call “preferential treatment” in the form of tax breaks, according to documents filed with federal regulators.

http://www.theblaze.com/stories/preferential-treatment-gm-scores-sweetheart-tax-deal/