Rollerball

Title
Big Tax Breaks for Businesses in Housing Bill

Link
http://www.nytimes.com/2008/04/16/bu...rssnyt&emc=rss
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Excerpt

WASHINGTON — The Senate proclaimed a fierce bipartisan resolve two weeks ago to help American homeowners in danger of foreclosure. But while a bill that senators approved last week would take modest steps toward that goal, it would also provide billions of dollars in tax breaks — for automakers, airlines and other industries, as well as home builders.

The tax provisions of the Foreclosure Prevention Act, which consumer groups and labor leaders say amount to government handouts to big business, show how the credit crisis, while rattling the housing and financial markets, has created beneficiaries in the power corridors of Washington.

It also shows how legislation with a populist imperative offers a chance for lobbyists to press their clients’ interests.

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Comment:

I just knew when I heard that Bush was pushing this that it wasn't 'for the people'.

As soon as Barack gets into the White House we need to clone him and replace ALL those assholes in Congress with Obamaclones.