Government Bails Out Tax Deliquent Companies

Rep. Lewis calls this a shameful disgrace, I simply say this is total incompetence. Do you not think the VERY FIRST QUESTION anyone should have asked these companies seeking a hand out was DO YOU OWE TAXES?

The blind are surely leading the blind and as we can see they all fall into a ditch. CAN WE STOP THE MADNESS NOW?


Beam me up all intelligence is lost down here. Eagle Out!

clipped from

WASHINGTON – At least 13 companies receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.

Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two companies owe more than $100 million apiece.

“This is shameful. It is a disgrace,” said Lewis. “We are going to get to the bottom of what is going on here.”

Banks and other companies receiving federal money were required to sign contracts stating they had no unpaid taxes, Lewis said. But he said the Treasury Department did not ask them to turn over their tax records.

Treasury Secretary Timothy Geithner is already under fire on Capitol Hill for not preventing $165 million in bonuses from being paid to employees at troubled insurance giant AIG.

To date, the Troubled Asset Relief Program, or TARP, has paid out more than $300 billion to private companies, with billions more on the way.

7 thoughts on “Government Bails Out Tax Deliquent Companies

What do you have to say?

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s