Report: GM to get $14 billion domestic tax break
That's not the case with GM, however. For reasons that aren't entirely clear, The General has managed to hang on to its tax breaks despite shedding around $30 billion in debt during bankruptcy proceedings. According to CNN Money, both GM and the Treasury Department deny that the automaker has received any special deal, though Edmunds reports that GM may have gotten the break to help reduce the perceived cost of the auto industry bailout.
[Sources: Edmunds, CNN Money]
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