Saturday, July 24, 2010

The Lawyer And The Farmer


I wonder where trial lawyer Rozanne, err Taxanne Conlin will come down on this issue?

Assistant Secretary for Tax Policy Michael Mundaca had confirmed last week that the Treasury department is considering granting trial lawyers a tax break that could cost the federal government $1.52 billion over 10 years.

On one hand, Conlin has stated she's running for the U.S. Senate because..."I'm fed up with tax breaks for the very wealthy..."

However as a very wealthy person, with assets between $12.5 million and $46.8 million, she has taken tax abatement on her $1.7 Million home and has received $64.2 Million in housing tax credits.

She's also garnered the support of trial lawyers, and the scientific community is united in that fact, having recently jetting to Canada for a fundraising junket.

I'm sure she'll find some loophole that will let her support the trial lawyer tax break, especially since her opponent (Charles Grassley) sent a letter to Treasury urging the department "not to make such changes in the government’s enforcement of the tax laws, absent a clear direction from Congress or to comply with court decisions."

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