Word: taxingly
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Dates: during 1990-1999
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...missed something the first time. That's what Tisch did. Last quarter Loews "reduced its exposure" to the stuff that produced the massive losses. Now is a good time to look at your losers. If you wouldn't buy them at this price, consider selling to lock in a tax savings before year...
Your report on corporate welfare, the tax breaks and subsidies that companies get [SPECIAL REPORT, Nov. 9], represents the best kind of journalism. Unfortunately, government giveaways to corporations have a long, rich history in the U.S. Mining companies can still take advantage of laws enacted in the 1800s that allow special privileges. The only difference between this and the corporate welfare you reported on is that today the federal and local governments are selling off our future at bargain rates. DAVID BROOKS Fox River Grove...
...said that while corporate welfare is a financial boon to some companies, it is unfair to companies that do not receive equal public tax dollars. But this misses the target. The greatest flaw is that for every dollar given by local and federal governments to coddle rich corporations, there is one less dollar to support programs for workers or alleviate the plight of America's poor. The political system is part of the problem, but America's economic system, based on competition for profit and primarily serving the needs of the wealthy, dictates the behavior of both the politicians...
...County, N.Y. It is true that the County of Monroe Industrial Development Agency issued $21 million in bonds to support the building of a new plant. However, the company repaid this in full upon the passing of title. It is also true that the company accepted $2 million in tax abatements. These have since ceased. Instead of losing revenue, as you implied, Monroe County has gained additional income. Even with the abatements, our property and school taxes over a 10-year period will be almost $4 million. That's $4 million more in collected taxes than there would have been...
...schools are falling apart, urban centers are deteriorating, and children go hungry while the government haphazardly showers money and tax breaks on incredibly wealthy corporations. I am outraged that I have to mortgage my firstborn to get a loan or credit, buy a home or a car or fund an education for my children, while all corporations have to do is just start a rumor that they want to "relocate" and the government falls all over itself to help out. CHRISTINE HUBLER Bear...