This above all; to thine own self be true.

- William Shakespeare

Pay Taxes, Let Corporations Get Them Back?

Equal treatment? If you have a bad year, maybe they will come up with a tax law that allows you to go back a few years a recoup the taxes you previously paid:

Now part of the bailout you haven't heard much about: tax breaks for homebuilders. "Corporate homebuilders -- including those responsible for the mortgage and housing crisis -- would receive billions of dollars in tax breaks under a provision of the Foreclosure Prevention Act currently pending in Congress," the Laborers' International Union of North America argued in a news release today.

More from the union: "Under the bill's little publicized 'carry-back' provisions, builders would get billions in tax breaks. The carry-back provision would allow homebuilders to apply losses from 2006 and 2007 as far back as five years against taxes paid on profits."
[Read]

Congress is doing everything it can to make sure no one suffers from a market correction, not even those that grossly benefited.

Government is nothing more than corruption masquerading as help, but look at who and how they really help.

posted at 09:20:53 on 04/03/08 by clearpolitics - Category: Economics - [Permalink]

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