The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.
tax breaks
House Balks at $2 Million-a-Year Tax Subsidy to Daytona Speedway as Other Breaks Advance
Funding for Daytona International Speedway and a temporary tax break on gym memberships could be casualties when the House and Senate meet next week on their opposing packages to complete Gov. Rick Scott’s $500 million election-year tax cuts.
Florida Lawmakers Reeling Up Billion-Dollar Tax Breaks For Film and TV Industries
Less than a week after a measure was introduced in the House to provide $1 billion in tax credit to film and television production efforts in Florida, the Senate Commerce and Tourism Committee released a proposal that offers $300 million in tax credits.
Lay-Offs at Palm Coast Data; Parent Co. Posts Loss and Signs $20 Million Line of Credit
Palm Coast Data’s parent company, Amrep Corp., posted a $2.76 million loss for the first nine fiscal months of 2010.
How Ginn Corp. Stuck Flagler Taxpayers With a $2 Million White Elephant
Once seen as a magic bullet, Ginn Development Corp. had Flagler County build it a $2 million palace at the county airport. Then Ginn defaulted. Taxpayers are now taking a bullet between the eyes.