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View Diary: Chris Christie friend and donor given $106 million tax break for property venture (35 comments)

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  •  not tax breaks... call them "tax subsidies" (3+ / 0-)
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    viral, a2nite, HoundDog

    This is the very essence of right wing corporate welfare: it is not about giving money directly, at least not all the time. It is allowing corporations the benefits of government without having to pay for it. Someone else picks up the dime.

    They call it tax breaks, to make it sound like all that is happening is that corporations are being given relief from something everyone finds (at some level at least) oppressive. Who could begrudge their good fortune! We should all be given tax breaks!

    But what it is in reality is a government subsidy: a tax subsidy.

    Ellen Kagen made this point extremely well, in her dissent to a Supreme Court opinion saying that special tax breaks for religious schools do not amount to government support for religion:

    •  Agreed. And $105.6 million is a substantial gift (1+ / 0-)
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      to give a friend out of the government coffers.  

      Humor Alert! No statement from this UID is intended to be true, including this one. Comments and Posts intended for recreational purposes only. Unauthorized interpretations may lead to unexpected results. This waiver void where prohibited.

      by HoundDog on Tue Jun 03, 2014 at 10:30:33 AM PDT

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      •  Thank the Dems for that gift. They changed (0+ / 0-)

        the law.

        "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubt." Bertrand Russell I'm very certain that is true. 10−122

        by thestructureguy on Tue Jun 03, 2014 at 05:45:26 PM PDT

        [ Parent ]

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