Commentary

Companies Receiving Taxpayer Bailouts Owe Back Taxes

Our bailout rescue dollars at work. The AP reports:

At least 13 companies receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.

Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two companies owe more than $100 million apiece.

“This is shameful. It is a disgrace,” said Lewis. “We are going to get to the bottom of what is going on here.”

Hat Tip Michelle Malkin