Tag Archive for GE

Do-Nothing Congress Does Something: Gives GE A Big Tax Break

By Abigail Field, Attorney, Benzinga: Congress is infamous for doing nothing, as people who have lost their unemployment benefits viscerally know. However, today the Senate Financial Services Committee started the process of enacting the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.” This act addresses dozens of tax breaks that ended last year. If the…

The GAO Audit of the Fed Doesn’t Call It ‘Corruption’….

The audit report confirms what we already knew about the financial crisis: during the bailout mania at the Fed, trillions of dollars were handed out based on self-serving interests— “conflicts of interest,” the Government Accountability Office mercifully calls it.