- Joined
- Nov 14, 2009
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- 23,940
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- Progressive
no problem with half a T cuts to m&m while massively expanding both already strained-to-breaking entitlements?
no concern for 200B of unfunded mandates on already broken-backed state budgets?
the fining of 4 million, the double counting of a quarter T?
interesting...
how 'bout the DOC FIX, yet ANOTHER quarter T unfunded?
as for at&t and the billion dollars that's "not real money..."
(LOL!)
tell it to the "current and retired workers" who will see "changes to their benefits"
AT&T to Book $1 Billion Cost on Health-Care Reform (Update3) - BusinessWeek
tell it to the benefits managers forced "to offer less to their employees"
tell it to those on the receiving end of "prospective changes to the active and retiree health care benefits offered by the company"
tell THEM their probems are not real...
tell bloomberg...
don't tell me
It isn't real money... ask any CPA friend of yours about the nature of deferred tax liabilities. Is largely a reconciliation account between an accounting calculation of tax expense and the tax that actually is paid. A liability is created to account for some hypothetical future tax.... Then look at ATT financial statements and you will see they pay very, very little actual US taxes. In fact, per the 2009 footnotes to financial statements, ATT had unrecognized tax benefits (government owes ATT a credit on future taxes) of more than $4B... so this "hit" would merely lower this benefit.
If US chose to end corporate subsides of rich retirement plans (including "Cadillac Plans") to fund the national health care initiative, it seems like a better idea than raising individual taxes. ATT will do what it needs to do. Frankly, the most they are likely to do is just whine, which is what you bought into. That is why I am telling you, so you don't perpetuate the whine.
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