Wednesday, January 02, 2013

Obozo's Gifts Buried in "Tax" Bill

If he weren't the savior, some in the MFM might question this.

The "fiscal cliff" legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren't the fruit of eleventh-hour lobbying conducted on the cliff's edge -- they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week....

Really?  These provisions?  Tax-avoidance?


...A Republican Senate aide familiar with the cliff negotiations tells me the White House wanted permanent extensions of a whole slew of corporate tax credits. When Senate Republicans said no, "the White House insisted that the exact language" of the Baucus bill be included in the fiscal cliff deal. "They were absolutely insistent," another aide tells me....

Sure enough, Title II of the fiscal cliff legislation is nearly a word-for-word replication of the Family and Business Tax Cut Certainty Act of 2012.

The Slimebucket-in-Chief pays off his friends.

1 comment:

Anonymous said...

Just an offshoot of capitalism, my friend. It may be immoral, but it's legal.