Posted on 07/31/2009 6:53:15 AM PDT by libstripper
As everyone else’s taxes rise, one favored outfit may not have to pay federal taxes for years: General Motors. In another sweet deal from its benefactors on Pennsylvania Avenue, the government-owned car company is set to profit from billions of dollars in tax breaks not available to other businesses in the same predicament.
(Excerpt) Read more at online.wsj.com ...
This Tax Shelter thing is NOT Congress’s fault......they did NOT READ THE BILL.
Doesn’t matter—they still have to sell cars.
Taxing GM is like a State collecting property taxes from a State Park.
Why don’t Ford, Toyota, Honda, etc sue GM and/or the federal government for unfair competitive practices? Maybe they would lose, but at least it would highlight this crock in the public.
It matters a helluva a lot. Price is a major part of selling a product in a competitive market. Even if the quality is perceived as being somewhat less, price will influence buyers.
You forgot your /sarcasm tag.
How the heck is it NOT congress' fault that they failed miserably to do their own job (i.e.: to read the bill before they voted)?
Well...I did forget the SARC TAG on NOT CONGRESS’s FAULT...but then again....it wakes up people on this forum and it does get people Pissed off just thinking about Congress voting for stuff they do not READ.
on Sept 12th when I am in DC....maybe they will read MY SIGN ?
I thought the communist Democrats were against tax breaks as a form of “corporate welfare”? At least that’s what they scream about the oil companies.
Sorry - I needed to check. When someone with a 2008 or 2009 sign-up date posts something like that, it’s best to ask to determine the nature of the poster.
I doubt they’ll read your sign. I’m not even certain they CAN read!
If the government wants to build vehicles for 15K and sell them for 10K and making the taxpayers take the hit while putting non-government owned car plants out of business.
But it is no longer corporate welfare it is government welfare and that’s fine with them. It is your money, not their’s.
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