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Citigroup skates; getting Geithner’s blessing
15 hours ago ago from Florida Real Estate
A House subcommittee has stated it will investigate the Treasury Department's decision to change a long-standing law so that Citigroup could keep billions of dollars in tax breaks. The I.R.S. ruled yesterday that Citigroup could keep $38 billion in tax breaks that otherwise would decline in value as the government sells its stake in the company. Federal law lets businesses shelter profits from taxes in good years according to the amount ...
Related contentWhat Geithner Got Right
19 hours ago ago from actres chinese
By DAVID BROOKS NYT It's amazing to go back and read what people were saying about Timothy Geithner in the spring. Many people said he looked terrified as the Treasury secretary, like Bambi in the headlights. The New Republic ran an essay called "The Geithner Disaster." Portfolio magazine ran a brutal, zeitgeist-capturing profile that concluded by comparing Geithner to Robert Redford's hollow man character in "The Candidate." The ...
Related contentSenate Grinches Hit America With A Healthcare Snow Job
14 minutes ago ago from Politics 24/7
With an apparent deal in the works, the United States Senate is about to offer America a Christmas snow job that will initiate a blizzard of bureaucracies, mandates, taxes, fees, Medicare cuts and state budget busting regulations that will turn American healthcare it into a Soviet style government health management process. With over a hundred new panels, boards, agencies, commissions, divisions and government entities, the Senate ...
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