Inappropriate actions of the Big Financial Institutions, headquartered mostly in New York, were the main cause of the 2008 US financial meltdown, which hammered and are still hammering so many US citizens in the middle and lower economic classes.
So why in the world should US citizens pay for the one year $5.1 Bil Cost for the one-year extension of the Subpart F Exception for Active Financing Income, which would substantially increase the Corporate Profits of Big Financial Companies, mostly headquartered in the larger New York metropolitan area, including GE?
It's like saying .....OK Big New York Financial Institutions, you screwed us big time by causing the US financial meltdown. Thus we have now decided that your restitution is we'll grant you a $5.1 Bil Tax Loophole..... K Street Generates Miracles.
