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November 17, 2011

Good News: You Know How Much You Thought You Were Losing On The Government Motors Bailout? Yeah, You're Losing More Than That

Previously you were expected to lose $14.33 billion on paying off Obama's union clients, but that's now been upped to $23.6 billion.

It is important to note that these figures do not include the apparently unprecedented tax treatment GM is receiving from the IRS with regard to its 'tax-loss carry forwards,' something restructured companies never get to take advantage of.

In other words, Obama granted Government Motors some kind of Get Out of Paying Taxes Card, too, on his own authority. That unprecedented tax treatment robbed the nation's coffers of another $15-20 billion, The New Editor says.

posted by Ace at 12:30 PM

| Access Comments


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It is important to note that these figures do not include the apparently unprecedented tax treatment GM is receiving from the IRS with regard to its 'tax-loss carry forwards,' something restructured companies never get to take advantage of. In other words, Obama granted Government Motors some kind of Get Out of Paying Taxes Card, too, on his own authority. That unprecedented tax treatment robbed the nation's coffers of another $15-20 billion, The New Editor says. posted by Ace at 12:30 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments JackStraw: ">>Yeah, right AfD wants safety and security for it ..." grammie winger - cheesehead: "He wasn't a Muslim, then? Just a guy who liked to ..." fd: "Mostly peaceful Muslim. Mostly. ..." FenelonSpoke: "He wasn't a Muslim, then? Just a guy who liked to ..." 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