Joel Griffith: Protect Businesses Without Taxpayer Funded Bailouts

EXCERPT:

GRIFFITH: "Yeah, it always seems like the bigger companies are those with big lobbying forces. They're the ones who are able to get the bailouts and the release. Relief, we have a better proposal than that as well. Instead of bailing out individual companies to the tunes of hundreds of billions of dollars, why don't we go ahead and allow companies to apply any losses that they have over the next few quarters, apply them to past quarters where they had a profit, and you can go ahead and get immediate refund for those taxes that you paid on those profits. It's very similar to what we already have in place in the tax code. You can roll losses forward. Let's roll those losses backwards and once again, those payments will be available in the coming weeks. There would not be a long delay. This would get companies out of the cash crunch and it would do it without doing a taxpayer-funded bailout."