" target="_blank">Here's an analysis of one interesting part of the stimulus package.</a> It's the rebating of the past 15 years of the Corporate Alternative Minimum Tax. The corporate AMT taxes corporations that otherwise would pay much less in taxes because of loopholes. It was the famous Bill Bradley-Ronald Reagan agreement to close loopholes, IIRC.
What's interesting to me is that it's not just a removal of the tax, or even a retroactive removal of the tax for this year, like they did for the individual income taxes. It's a rebate of all the AMT that these corporations have ever paid.
IBM alone would get a check for 1.4 billion dollars. (!) Ford would get a billion, GM 800 million, and several oil companies would get several hundred million each.