Delta Air Lines posted third-quarter profit of $549 million today, thanks to fare increases and strong corporate travel, The Atlanta Journal-Constitution reports. So why exactly did Delta need a $15 million-a-year exemption from sales taxes on jet fuel? You’ll have to ask the Georgia General Assembly
Why should Georgia give corporations — including many based in other states and countries — a special tax break during a recession when it cannot afford to pay for schools, parks, courts and child protection? That is just what two House bills would do, even though more than half of corporations pay the minimum for the corporate net worth tax — just 10 bucks.