"New tax law is loaded with business goodies" by Stephen Ohlemacher, Associated Press / December 25, 2010
WASHINGTON — The massive new tax bill signed into law by President Obama is filled with holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands. There is even a tax break for people who buy race horses.
I wonder who got that put in.
Related:
"The tax package includes several elements sought by powerful lawmakers, including a tax break for race horse owners important to Mitch McConnell of Kentucky, the Senate minority leader"
Yeah, another self-serving fraud.
Millions of homeowners, however, might feel like they got a lump of coal. Homeowners who don’t itemize their deductions will lose a tax break for paying local property taxes....
Most of the business tax breaks — about 50 in all — are part of a package that expires each year, creating uncertainty for tax planners but lots of business for lobbyists....
There is a generous tax break for banks and insurance companies that invest overseas....
The same place your jobs are going, Americans. What a coincidence.
As usual, it all boils down to banks in AmeriKan politics.
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