On the one hand Citigroup is repaying Uncle Sam that TARP bailout money, which is good for taxpayers. On the other hand, they’re getting a multi-billion dollar tax break in the process. Economics Professor Laurence Kotlikoff, a former senior economist in the White House Council of Economic Advisors, doesn’t like the tax breaks built into the repayment program.
“This is Uncle Sam handing out money under the rug. This is expected of a third-world dictatorship, not our country.”
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