HUGE CORPORATE TAX CUTS - The Story behind the scenes. Give the corporations MONEY, MONEY.

http://billmoyers.com/2014/12/03/tax-extenders/

Last week, Igor Volsky reported for Think Progress that Senate Majority Leader Harry Reid (D-Nevada) had struck a deal with House Republicans to give corporate America a massive tax giveaway just weeks after the midterm elections. The agreement, wrote Volsky, “would permanently extend relief for big multinational corporations without providing breaks for middle or lower-income families.” Writing in The Washington Post, Jared Bernstein, a former economic advisor to Vice President Joe Biden, called the package ”a dog’s breakfast of permanent tax breaks mostly for businesses that would add over $400 billion to the 10-year budget deficit without doing anything for low-income, working families.”
He wasn’t alone in panning the deal. Treasury Secretary Jack Lew told Volsky that the cuts would be “fiscally irresponsible.” The 10-year, $444 billion package includes a few provisions that were popular with Democrats, but would phase out existing tax credits for clean energy development. Mostly, it’s a boon for some of the top corporate tax-avoiders in America. Some 90 percent of the cuts would benefit their bottom lines. One of the biggest beneficiaries would be GE,

while Republicans insist that things like disaster relief and unemployment benefits be “offset” with cuts to other programs, these breaks would not be.