5.09.2005

Sacrifice? What 'Sacrifice'?

Amazing. These people are just amazing... from the LA Times...

A Wall Street tycoon accused in the 1980s of cheating thousands of investors out of their savings in one of the biggest financial scandals in history now says the state of California cheated him.

So he has launched a campaign to change the state tax code — retroactive to 1992 — in hopes of getting $5 million back.

Peter Ackerman, who worked for "junk bond king" Michael Milken, walked away from the Drexel Burnham Lambert scandal with what financial experts say was hundreds of millions of dollars. Now a lobbyist for Ackerman has crafted a bill in the Legislature that would permit the refund — one of several measures apparently written with a single taxpayer in mind.

Another is a push by Microsoft co-founder Paul Allen, one of the world's richest people, to restore a tax break that would benefit his company. And a Central Valley container maker is making a bid for millions more in state subsidies for its manufacturing equipment.

Large-scale across-the-board tax breaks may be out of the question as long as California has multibillion-dollar budget shortfalls. But some businesses and wealthy individuals hope that a few million in specific breaks here and there — amounting to "budget dust" in a state that spends more than $100 billion a year — will sneak through.
It better bloody not now that the LA Times has printed a story about it... though we're positive you'll never hear a word of it on your local evening info-tainment here in LA LA Land

(Really, UPN come on: we love breasts as much as anyone but making them the selling point of your "newscast" is just not right... where is your sense of 'civic responsibility'?_

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