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To: wideminded

Gives? You keep using that word. I do not think it means what you think it means.


11 posted on 11/10/2008 12:38:46 PM PST by Toddsterpatriot (Do you remember when blue was a feeling, gray was a word and one was a number...)
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To: Toddsterpatriot

I only used the word “gives” in part of the title and I was just summarizing the article. The Treasury has apparently changed tax policy in a way that lets banks keep $140 billion that they would otherwise have paid in taxes. Assuming this money has to be made up for elsewhere in the budget, this is a $140 billion hit for the (other) taxpayers. Maybe you could make a case that without this tax break to the banks, the net effect would be even more loss of tax revenue. I don’t know. In any event, it is not good that such a large change was effected so secretly.


12 posted on 11/10/2008 12:56:31 PM PST by wideminded
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