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GM

Michigan Gets Ford Tough on Tax Credits

28 October 2010

So far this year, Ford Motor has earned an astounding $6.3 billion. That’s a pretty remarkable turnaround in a slow economy from the auto maker’s $14.8 billion loss in 2008. More profit means more tax revenue, right? Maybe not. The Michigan Economic Growth Authority (MEGA) is seeking tax cuts for the auto giant, as well [...]

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Is the White House Banking on a Financial Industry Tax?

12 January 2010

I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to [...]

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Top Ten Tax Stories of 2008: The World According to taxgirl

31 December 2008

It’s time for our annual review! Here are my picks for the top stories on taxgirl.com for the year: 10, Dancing With The Stars champ and race car driver Helio Castroneves is indicted on federal tax evasion charges. In a related story, my mother is stricken with grief and may never samba again (okay, I’m [...]

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Is Santa Bringing Bush a Chrysler for Christmas?

12 December 2008

In a surprise move, the Bush administration has indicated that it might use taxpayer dollars previously earmarked for banks through the Troubled Asset Relief Program or TARP, to save the Big 3 automakers. No, no, don’t read it again. You got it right the first time. The White House had initially said “no way” to [...]

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Fix the Tax Code Friday: Auto Industry Bailout

21 November 2008

It’s Fix the Tax Code Friday! For most of the week, the headlines have involved the crisis in the automotive industry with eyes on the “Big Three”: Ford, General Motors (GM) and Chrysler. Execs from the Big Three jetted to DC to beg lawmakers for loans worth billions of dollars, warning that the failure to [...]

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