“Section 328 of the bill extends tax-exempt financing for the ‘Liberty Zone,’ the area around the former World Trade Center, for another year. 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.”
http://www.economicpolicyjournal.com/2013/01/fiscal-cliff-bill-provides-for-cheaper.html
Related posts:
Italian 5- and 10- year debt yields fall to record low
Iran Vows "Immediate Destruction Of Israel" If Syria Attacked
Senator calls for Burger King boycott over tax inversion move to Canada
Why 55 U.S. Senators Voted for Genocide in Yemen
Ex-Obama Aide (Stupidly) Dismisses Glenn Greenwald as a Fake Journalist
Does Free Money Exist?
Argentina’s Net Party Is Ready For The Revolution
The European Economy You Must Own
Jury Nullification Panel @ PorcFest 2013
Canadian Law Bans Concealing Face At Protests
Four States Advance Legislation To Block NDAA Indefinite Detention
The US student loan problem - facts, charts, thoughts
Rand Paul Calls For Public Release Of Secret 'ObamaTrade' Deal Text
Federal Drug Agency Denies Marijuana Is Less Toxic Than Alcohol
Who is Ben Rhodes?