There was an article in the Chicago Trinbune on Monday that talks about all the corporate subsidies and tax breaks attached to a heretofore small tax bill. Among the tax breaks:
* A $12 billion buyout for tobacco farmers
* A provision that allows GE and other multinational firms to avoid paying $2 billion a year in US taxes on foreign earnings. According to the article, "Some economists say this tax break could cause more firms to shift operations offshore."
* Foreigners who win money on dog and horse races wouldn't have to pay taxes.
There are a whole bumch of other provisions but I included that last one because it's so silly.
I would love to talk to someone who heads one of the major cable news outlets and ask them, "Why wasn't this story important enough for you to cover when you spent 4 hours today covering a missing pregnant woman?"
They would tell me, if they were honest, that it's just easier to cover the missing pregnant woman. And everyone else is doing it too.
Posted by brettdavey
at 12:40 PM EDT
