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Senate Foreclosure Bill Includes Corporate Tax Breaks

HeadlineApr 16, 2008

The New York Times reports a new Senate bill meant to help American homeowners in danger of foreclosure will actually provide billions of dollars in tax breaks to automakers, airline companies, alternative energy producers and other industries. Consumer groups and labor leaders say the tax breaks amount to government handouts to big business. One lobbyist said that the companies that had sought the tax breaks included Ford, General Motors, American Airlines, Northwest Airlines and Goodyear Tire and Rubber.

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