Comment on Gretchen Morgenson: Lobbyists Win Again In Securing Tax Break For Home Builders

Gretchen Morgenson: Lobbyists Win Again In Securing Tax Break For Home Builders

The New York Times's Gretchen Morgenson points out that lobbyists have won another victory that will lead to billions in taxpayer dollars being handed over to firms that helped spur the economic crisis. The Worker, Homeownership and Business Assistance Act of 2009, which President Obama just signed into law, contains "a tax break that lets big companies offset losses incurred in 2008 and 2009 against profits booked as far back as 2004," Morgenson reports.

 

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