Tag Archives: tax-liability

Clinton meets with Dems on HCR: Obama rejects abortion provision

WASHINGTON – Former President Bill Clinton knows just how high the political stakes are in the fight to overhaul America's health care system. His failed attempt to revamp the delivery of medical care contributed to the Republican takeover of the House and Senate in 1994

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Clinton meets with Dems on HCR: Obama rejects abortion provision

Obama Administration denies Goldman Sachs $3 billion tax break

The Treasury Department told Goldman Sachs last week that it could not use Fannie Mae's tax credits to reduce its own tax liability. An official with the Obama administration explained that the proposal “would result in a loss of aggregate tax revenues that would be greater than the savings.” This is the right decision.

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Obama Administration denies Goldman Sachs $3 billion tax break