Pulp Nonfiction

Thanks to an obscure tax provision, the United States government stands to pay out as much as $8 billion this year to the ten largest paper companies. And get this: even though the money comes from a transportation bill whose manifest intent was to reduce dependence on fossil fuel, paper mills are adding diesel fuel to a process that requires none in order to qualify for the tax credit. Full Story »

Posted by Michael Hudson
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Subjects: World, U.S., Business, Sci/Tech
Member Tags: populist outrage, paper pulp, corporate greed
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Posted by: Posted by Michael Hudson - Apr 5, 2009 - 1:04 PM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Apr 14, 2009 - 12:55 PM PDT

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Michael Hudson
4.2
by Michael Hudson - Apr. 5, 2009

In an atmosphere that follow recent corporate bonus outrage, This article identifies another corporation and industry likely to be viewed as "fleecing " the system.

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