Obama doner gets nearly $1 billion in tax credits

Discussion in 'Too Hot for Swamp Gas' started by PSGator66, Sep 19, 2013.

  1. PSGator66
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    PSGator66 Well-Known Member

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  2. GatorBen
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    GatorBen Well-Known Member

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    Article does a poor job of connecting the dots as to why the tax credits themselves are relevant, that fact is just kind of thrown in at the end.

    The tax credits are from carrying forward the net operating loss Solyndra realized into a restructured holding company under the bankruptcy plan. What that has to do with the loan restructuring isn't really obvious from the article, which never tries to explain that at all. The closest I can come up with is that the loan restructuring kept Solyndra open longer, and presumably additional net operating losses were realized in those additional months Solyndra was open.

    The justification for the loan restructuring certainly is questionable to say the least, but aside from "big number, get mad conservative wolf pack!" the article doesn't even attempt to explain how carry-forward net operating losses are relevant to that point.
  3. GatorBen
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    GatorBen Well-Known Member

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    And of note, IRS challenged the bankruptcy plan of reorganization by asserting that it was not a legitimate bankruptcy and was being undertaken for the primary purpose of tax avoidance.

    If the Obama administration's goal was to hand tax credits to a donor, why exactly would it have the IRS assert in court filings that the bankruptcy plan was a scheme to create tax credits and try to stop it?
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  4. diehardgator1
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    diehardgator1 Well-Known Member

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    makes it look good on the surface
  5. tommike
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    tommike New Member

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    When I saw it was from Fox News I naturally begin to question it.
  6. PSGator66
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    PSGator66 Well-Known Member

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    tommike - You may want to pay attention to Fox if you want to know what is really going on instead of those BS liberal sources.
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  7. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Seeing diehard and PSGator66's creative spelling in thread titles is the highlight of visiting this forum. :laugh:
  8. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Rep!
  9. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Did you read the article? Why are you getting personal about it?
  10. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Sort of a tertiary comment, thought that was evident.
  11. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    "Left-handed," if you will.
  12. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Warren Buffet does not approve either.
  13. geauxgator1
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    geauxgator1 Well-Known Member

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    Left handed is not hyphenated, but I presume you were being a smarty-pants.
  14. rajinGator
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    rajinGator VIP Member

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    Nor is it punctuated with a comma
  15. fastsix
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    fastsix Well-Known Member

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    I thought this was going to be a thread about kebabs.
    Disappointed.
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  16. diehardgator1
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    diehardgator1 Well-Known Member

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    well orange blue thanks he is perfect so I guess that gives him the right to insult other members. I just realize who it comes from and ignore him
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  17. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    This was actually a reference to another comment ... but yes, it actually is hyphenated in most style books.

    Always? No. Here? Yes it is.
  18. gator996
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    gator996 New Member

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    Repped!!!
  19. Gatorrick22
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    Gatorrick22 Well-Known Member

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    I don't believe one word the IRS, cheating liars, say.
  20. dadx4
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