Companies Start Reaping Billions in Tax Breaks to Ride Out Economic Slump

📆 13.05.2020 17:45:00
📰 WSJ

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Dozens of U.S. companies are recording billions of dollars in benefits from the tax breaks that Congress passed to keep them afloat in the downturn

Companies reporting tax deferrals or benefits exceeding $100 million each include fast-casual chain Chipotle Mexican Grill Inc., Walt Disney Co., American Airlines Group Inc. and oil refiners Valero Energy Corp.

and Marathon Petroleum Corp.

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Tax breaks instead of lending support is very smart decision by Federal Gov’t. Will equate to an acceleration of the economy at time of restart.

All aid should be taxable on your 2020 tax returns. If the money wasn’t really needed that’s the way to recoup unneeded aid.

really?

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