Wednesday, June 10, 2009

Corporate Tax Credit Windfall

Along party lines (Republicans voting yes, Democrats voting no) the Senate Appropriations Committee voted to kill the sunset clause on Corporate Tax Credits, which were scheduled to end in 2011. They also are allowing insurance companies the ability to donate to private schools and receive a tax credit.

Here's the kicker-- insurance companies don't even pay corporate taxes.

Nothing going on at the legislature makes sense right now.

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