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Non-Tech : The Enron Scandal - Unmoderated
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To: KLP who wrote (1330)2/6/2002 1:59:12 PM
From: Raymond Duray  Read Replies (1) of 3602
 
KLP,

Re: How was this to happen, in your opinion Ray...or is there evidence of this someplace you could link to?

Bush's Phony Stimulus Bill would have given Ken Lay $254 Million.

What the Administration pushed and the House passed last year and the Senate did not act on was a stimulus package that effectively retroactively repealed the Alternative Minimum Tax for corporations. General Electric was written up to receive a $850 MM tax refund, Enron was to receive $254 Million for taxes paid from 1986 forward. This is in addition to the fact that Enron paid no income tax in four out of past five years, in spite of reporting record profits to the shareholders! Enron is a massive tax evasion crime, as well as a criminal fraud.

And who was pushing for the repeal of AMT? Why Ken Lay leading the charge, with his lap dog Paul O'Neil licking his heels. If you are an honest citizen paying your fair share of taxes, you should be outraged.

-Ray
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