Dec 7, 2009
Congress has expanded an existing business tax break. Instead of companies with up to 15 million dollars revenue, ALL companies, big and small, will now get a cash refund for any losses they declared in 2008, and will declare in 2009.
Yes, politicians give tax breaks to big bosses all the time – except that, this time, they had the nerve to call it a bill to help unemployed workers!
To see what this bill really is about, just look at the money involved. Thanks to the new tax break, big business stands to collect an extra 18 billion dollars over the next 10 years. The unemployment aid, on the other hand, would amount to about two billion dollars IF that extension ever goes into effect. The politicians have tied it to a previous extension, which needs to be renewed before Christmas!
To call these politicians scam artists is an understatement.