The GOP's Tax Holiday Hoax - The Ring Of Fire

1,178 views · Published 16 December 2008 · 4:08 · Indexed 4 October 2026

Channel: The Ring of Fire · 2008 · News & Politics

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The federal government seems to believe that, even though they haven't been paying taxes, we should use tax dollars to bail out America's failing financial institutions.  Mike Papantonio of Air America's Ring of Fire talks about how corporations (like AIG) managed to avoid the IRS for years by hiding their money in offshore accounts.  These are the same companies who are being rescued by the $700 billion bailout.

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