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By Michael P. Orsi
Edward Snowden should declare his patriotism in court
Independent voices from the The Washington Times Communities
Topic - Jack Park
The trial-lawyer bosses who pull the strings of most congressional Democrats are continuing to press for a special tax break through a secret deal with the Treasury. This is despite the fact that they have never been able to persuade Congress itself to approve their shenanigans. Two Republican lawmakers are right on target in fighting back against this $1.6 billion tax boondoggle.
As the Heritage Foundation's Jack Park explains, "When a carmaker or dealer, [or] a furniture company ... makes a loan to the buyer by selling over time, those loans are part of a related business, not a deductible business expense. In fact, those loans generally do not become deductible unless and until there is a default. Why shouldn't the trial lawyers wait until there is a default to deduct their loans like everyone else?"