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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  • Former Reporter, The Wall Street Journal
    Gretchen Morgenson was a senior special writer in the investigations unit at The Wall Street Journal. Following a stint on Wall Street, she began covering the financial markets in 1986 at Forbes.
    04/26/2018 - 9:44 am | View Link
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