make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Very simple reason

The 3500 major corporations that are facing upwards of $14 billion in charge-downs EARNED that deduction by agreeing to take on the task of providing prescription drug coverage to their retirees, thus offloading the task from Medicare.

The deduction was part and parcel of the deal struck in 2007. The government would subsidize (not pay for) the cost, but the companies could still deduct the entire cost.

Why else would businesses have taken on this responsibility. To be nice guys????


The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.