Throwing Money At Those Who Don’t Deserve It?
-One of our dedicated readers Chris passed this article along — he thought our other readers would find it interesting-
When a bill that included the extensions of both the homebuyer tax credit and unemployment benefits was circulating through Washington, most of chatter surrounding the legislation had to do with the former rather than the latter. However, there was another aspect of the bill that no one seemed to hear very much about: “a tax break that lets big companies offset losses incurred in 2008 and 2009 against profits booked as far back as 2004,” writes the New York Times.
Who stands to reap the greatest reward from the tax breaks which are estimated to be worth upwards of $33 billion? Some analysts say home builders.
