re: #120 Rightwingconspirator

Sorry but that is more debatable than we would have liked to see.
[Link: www.washingtontimes.com…]

However, a March 16 Congressional Oversight report, tells a different story. It estimates taxpayers will be out of $25 billion. Additionally, the report points out that “full repayment will not be possible unless the government is able to sell its remaining shares at a far higher price.”

That’s only the beginning. Both the White House and the Congressional Oversight report omit the fact that during its bankruptcy, GM got a $45 billion tax break, courtesy of the American people.

GM is driving “away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion,” reported The Wall Street Journal last November.

Over one year after the promises President Obama and his administration made about the auto bailout, a February piece on AutoBlog also confirms that GM will also get a $14 billion dollar domestic tax break:

i’ll see your auto company tax break and raise you an oil company tax break:

Oil Companies’ $21 Billion U.S. Tax Break Survives Repeal Effort in Senate
By Jim Snyder - May 17, 2011 9:00 PM PT

The U.S. oil and gas industry survived an effort to repeal $21 billion in tax breaks over 10 years as three Democrats broke with Senate leaders who said the revenue should go to reduce the federal deficit.

strangely enough, however, the oil companies remain highly - and i mean highly profitable, so, um, why do they get a tax break?