Democrats Are Good For Business

A tax benefit change for business enacted by Congress in late 2009… Oh wait… that’s right, during a Democratic Congress and Obama administration.

Dealer gets $21.1M alone from change in net operating loss rule

http://www.prosalesmagazine.com/industry-news.asp?sectionID=420&articleID=1201968


BlueLinx Rides Tax Benefit to $12M Net Profit in 4Q

http://www.prosalesmagazine.com/industry-news.asp?sectionID=420&articleID=1200507


Excerpt from ProSales Magazine Online

“The tax benefit stemmed from a change in the Net Operating Loss carryback provision. Put simply, a company used to be able to apply losses from one year against profits from the previous two years. But under a change that Congress enacted late in 2009, the carryback was extended to five years, back to the middle of the last decade. For many companies in the building material business, that was quite a profitable time.”