CEOs didn’t ask for this, but they’ll take it to the bank, shareholders
Much of the debate over the Tax Cuts and Jobs Act focuses on whether Congress favors rich corporations over poor people. But an expert on tax law at Washington University in St. Louis asks, what about poor corporations?
Businesses still benefitting from hidden federal bailouts
The federal financial bailouts of the last few years received tremendous publicity, but multiple sources of “hidden bailouts” eluded notice, says Cheryl D. Block, JD, law professor at Washington University in St. Louis. Some hidden sources of federal financial rescue include new, expanded tax credits, the more liberal IRS interpretation of regulations, and “off-off budget” bailouts by quasi-governmental agencies such as the Federal Reserve Bank, according to research by Block.