In 2000, Congress approved a program called the New Market Tax Credits with the intent to provide subsidies for development in low income areas–but by gaming the system and using very out-of-date demographic data, huge corporations are getting millions in government money to build high-end hotels and condos.
|By: Jon Walker Wednesday February 9, 2011 12:35 pm|
|By: Jon Walker Monday January 17, 2011 1:45 pm|
What company wouldn’t want to have the government let it sell a product for whatever price it wanted, have the government use its power to stop anyone else from selling the product, and have the government directly or indirectly pay for buying the product?
|By: masaccio Sunday January 16, 2011 10:30 am|
President Obama believes in cooperation with Republicans, revenue-neutral corporate tax revisions, letting corporatist Tim Geithner negotiate with business executives and the tooth fairy.