Bailout Bonanza for Tax Cheats

What? Rep. John Lewis (D-Ga.), who chairs a subcommittee overseeing the federal bailout, announced that at least 13 companies receiving billions in bailout money owe more than $220 million in back taxes. Two companies owed more than $100 million each, one from 2005 and 2006 and one dating back to before 2004.

So let me get this straight: We are giving these companies billions in taxpayer dollars so that they can pay their taxes? This is worse than robbing Peter to pay Paul. This is rewarding tax scofflaws who didn’t pay their taxes during the good times. This is giving millions of our tax money to companies that owe millions in unpaid taxes.

It is hard to believe that these companies deserve a bailout, let alone to have their taxes paid by us!

Wouldn’t it be nice if you or I had a tax bill to pay and got a bailout from the federal government to pay those taxes? Ridiculous. As they say, this is no way to run a government, no way to run a business and certainly no way to run a household.