Spokane7
67°Quick links: 2012 graduating seniors • Summer camp guide • Jobs: The Road Ahead • Prep sports • News quiz
Item: US granted Citibank ‘massive tax exemptions’/AFP
More Info: The US federal government has exempted Citibank and a number of other financial institutions that received bailout funds from paying billions of dollars in taxes, the Washington Post reported. The Post said Wednesday that tax exemptions were offered to several companies partially owned by the government, including Citibank, which “will be allowed to retain billions of dollars worth of tax breaks that otherwise would decline in value when the government sells its stake to private investors.”
Question: Do you support the move to give Citibank and other financial institutions that received bailout money ’massive tax exemptions’?
D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Huckleberries Online was judged the best 2008 Idaho newspaper blog by the Idaho Press Club. And the best 2007 news blog in the Pacific Northwest by the Society for Professional Journalist. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.
999 W. Riverside, Spokane, WA 99201
P.O. Box 2160, Spokane, WA 99210
Main switchboard: (509) 459-5000 • (800) 338-8801
Newsroom: (509) 459-5400 • (800) 789-0029
Customer service: (800) 338-8801
© Copyright 2012, The Spokesman-Review
Terms of use • Privacy policy • Copyright policy
Find DFO on Facebook
DFO on Twitter
BrandonHansen on December 16 at 6:34 p.m.
Hmmm, help out the big guys while the little ones struggle to survive. Sounds about right.
Brandon Hansen
Just South of North
http://www.justsouthofnorth.com
hmoffsuite on December 16 at 7:07 p.m.
So, they give tax breaks to the banks that they have ownership in but not to other banks that went it on their own. Sounds a little unfair, doesn’t it? Great for competition in America. Typical Obama thinking. Unclear.
Escapee on December 16 at 8:16 p.m.
These Banks are exempt while This Nation can’t seem to get it together on a health plan? We’re spending zillions to keep the wars going, meanwhile these banks don’t have to spend billions on tax payments? Sounds as if Citibank paid these tax bills, it would make the Government look bad, since Citibank is partially governmentally-owned? Can a Government tax itself to pay off the Government? Something’s out of whack here.
Roger_Young on December 16 at 8:56 p.m.
A tax break for those that have multi million dollar salaries..
Is this Obama or Bush 3.0?
BethB on December 17 at 8:12 a.m.
That is just depressing.
otisgexperience on December 17 at 9:02 a.m.
I’ve said this before, but how much would these banks save by NOT sending me credit offers almost every day? :)