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Is There a Citigroup Tax Credit Hidden in the Stimulus Plan?

Over at Beat the Press, economist Dean Baker raises an interesting question that deserves follow-up: Is there a hidden tax credit for Citigroup in the upcoming Obama administration’s proposed stimulus plan?
From Baker:
The media seem to have largely overlooked the Citigroup tax credit in their discussion of the latest items in President [-elect Barack] Obama’s stimulus [...]


Citigroup Says No to Bonuses; Pigs Fly on Wall Street

Wait, what’s this? Citigroup’s top executives are giving up their annual bonuses this year, according to the Financial Times. CEO Vikram Pandit and senior advisor and director Robert Rubin are among those foregoing the usual end of the year cash awards.