So which corporations are going to make out on this deal -- because you know nothing from this Congress has benefited the people
"Alternative minimum tax averted; Senate passes bill restoring business, individual breaks" by Bloomberg News | September 24, 2008
WASHINGTON - The US Senate voted to renew $148.6 billion in temporary corporate and individual tax breaks after the White House dropped a veto threat.
The 93-to-2 approval, as Congress pushes for adjournment this week, may avoid last year's December brinkmanship that disrupted tax and corporate filings. The House must also vote for the measure before it goes to President Bush.
Once again, Congress is acting on behalf of CORPORATIONS!
Also see: Wall Street Already Profiting From Bailout
The two-year measure would spare 24 million households from a $61.8 billion alternative minimum tax increase due to take effect this year, and would revitalize an $8 billion annual research credit for businesses. It also would subsidize some financial services income earned overseas and extend $17 billion of incentives to produce energy from renewable sources such as solar or wind.
WTF? SUBSIDIZE OVERSEAS INCOME?
How does the CORPORATE RAPE FEEL, Americans?
The Bush administration withdrew a veto threat prompted by budget-balancing tax increases in the bill. Those include higher burdens on large oil and gas companies and a provision that would cost hedge fund managers who park profits offshore some $25 billion.
The provision would end a technique used by hedge fund managers to defer paying US tax on profits earned overseas for as long as a decade.
While YOU get stuck with a $700 BILLION tab to SUBSIDIZE the PROFITS of these looters!!!
How's that breakfast bowl of shit, America?
