Treasury Exempts GM from TAX

Illegal. Makes no fiscal sense. Except for, you know, a term called payola maybe?

So who, exactly, benefits from this? As if we didn’t suspect.

The Treasury acted contrary to law when it ruled that post-bankruptcy General Motors could utilize $45 billion in pre-bankruptcy net operating losses to reduce any corporate income taxes it may owe.

Read more at the Washington Examiner.

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