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Thursday, January 03, 2013

'Fiscal Cliff' Bill Provides for Cheaper Office Space for Goldman Sachs


Section 328 of the bill extends tax-exempt financing for the “Liberty Zone,” the area around the former World Trade Center, for another year.

WaPO reports:

As Matt Stoller points out, this tax provision was supposed to help fund reconstruction after 9/11. Yet a recent Bloomberg investigation found the bonds have mostly helped finance new luxury apartments, not to mention the construction of Goldman Sachs’ new headquarters

Gee folks look a what WE own!

Eight Corporate Subsidies in the Fiscal Cliff Bill, From Goldman Sachs to Disney to NASCAR « naked capitalism

Goldman’s Tax-Free Building Loan Makes Liberty Bonds Renewal a Tough Sell - Bloomberg


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