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Wed Jan 2, 2013, 05:59 PM

Fiscal Cliff Deal: Goldman Sachs gets $1.6 billion tax free financing for New Headquarters

http://www.alternet.org/news-amp-politics/8-huge-corporate-handouts-fiscal-cliff-bill

"5) Subsidies for Goldman Sachs Headquarters – Sec. 328 extends “tax exempt financing for York Liberty Zone,” which was a program to provide post-9/11 recovery funds. Rather than going to small businesses affected, however, this was, according to Bloomberg, “little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp.” Michael Bloomberg himself actually thought the program was excessive, so that’s saying something. According to David Cay Johnston’s The Fine Print, Goldman got $1.6 billion in tax free financing for its new massive headquarters through Liberty Bonds."

http://www.alternet.org/news-amp-politics/8-huge-corporate-handouts-fiscal-cliff-bill


Lots more goodies given out to other industries as shown in the article.

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