Bailout’s Handouts

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Wondering why the Senate version of the bailout passed so easily? Why, sweeteners of course! Good government watchdog group Taxpayers for Common Sense has broken down the package of tax breaks that were tacked onto the bill (which has ballooned to over 450 pages), and it’s clear that at least some of them are being used to placate skittish Senators by handing goodies to their constituents. Examples include a $478 million tax break for movie and TV studios, a $33 million economic development tax credit for businesses in American Samoa, a more favorable depreciation timetable for motor sports race track owners, and an excise tax exemption for manufacturers of wooden arrows meant for children.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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