Jack Conway just issued a statement about the news that Citigroup and other shady financial institutions that have received federal bailout funds will also get billions in tax breaks from the IRS:
“It is outrageous that the IRS is giving billions in tax breaks to one of the same banks that received a no-strings-attached bailout from Washington.The root of the problem is a lack of accountability. Washington sold the American people on bailouts for ‘too big to fail’ institutions by saying the recipients of bailout money would have to pay that money back to the taxpayers. But now, just as the bill is coming due, the IRS has basically rewarded the banks for the poor business practices that led to a need for the bailouts in the first place.
“Banks are being let off the hook without paying what they owe taxpayers, while millions of Americans are struggling to make ends meet in this brutal economy. As Kentucky’s next Senator, I will fight for prudent oversight of financial institutions and be sure we learn from past mistakes that led to the current economic climate. My job will be to increase transparency in the financial industry, strengthen consumer protections and improve economic opportunities for the people facing hard times in Kentucky.”
Meanwhile, Daniel Mongiardo is worried about television commercials that are too loud. (Seriously)








1 response so far ↓
1 eric schansberg // Dec 16, 2009 at 10:57 pm
that kind of crazy talk will never get him elected…fiscal responsibility? harrumph…
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