GM could face U.S. bailout tax hit, seeks changes

Newswire

WASHINGTON, Jan 30 (Reuters) - General Motors Corp could face a multibillion-dollar tax hit under its $13.4 billion federal bailout, a scenario the automaker faces just weeks before it must file a restructuring plan with the government. Two sources familiar with bailout terms said the company has asked Congress to address the matter in economic stimulus legislation, which is expected to be finalized by mid-February. GM and its allies in Congress believe it makes little sense for the ...

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