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Let's Hear It for Government Motors GM!

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Author Topic: Let's Hear It for Government Motors GM!  (Read 4252 times)
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lil mike
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« Reply #30 on: May 15, 2011, 10:51:57 am »

How does that compare to the $8 billion yearly in subsidies given to the oil companies or the additional tax breaks yearly given to the oil companies over and above subsidies?

Even so, how would the government possibly taking a loss on the sale compare to the massive effects of destruction of our economy if GM and Chrysler had been allowed to die?

The subsidies/tax deductions/tax credits  (I've had a hard time figuring out what exactly they are talking about) are according to US tax law. 

The 14 billion tax break seems to be some sort of special deal that is in violation of US tax law.

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