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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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D.C. Council Likes Picking Winners and Losers
In the nation’s capital, some companies get tax breaks while others get the shaft
The D.C. City Council recently rejected Donald Trump’s request seeking a possessory interest tax (PIT) exemption for the hotel and spa currently being built in the Old Post Office. The PIT is designed collect revenue from businesses that operate in tax exempt federal buildings. Trump’s organization requested such an exemption for the hotel and spa that is to be located a stone’s throw from both the White House and Capitol Hill.
The D.C. Council acts as though it was strange for Trump to seek a PIT exemption. Well, he would hardly be the first; the top developers at Union Station Development Corps requested and were also denied a similar tax exempt status for the shops at Union Station. The D.C. City Council should not be shocked by Trump’s request, as the District regularly hands outs tax exemptions to favored businesses.
Just last year the D.C. Council gave a $32.5 million tax break to LivingSocial because District officials deemed them to be fashionable and edgy. At least Trump’s venture will likely turn a profit, as opposed to Living Social, which lost $650 million last year.
The upshot: If you’re a company that the notoriously corrupt D.C. City Council deems “cool”, you get a tax break; everyone else is left to foot the bill.
