Will GM Deduct Payments to Crash Victims?
April, 2015
Dear Care for Crash Victims Community Members:
A mother who lost her daughter in a GM crash has asked this important question on behalf of all American taxpayers.
“Our kids dying should not be a tax deduction.”
That’s the message from Laura Christian, mother of Amber Marie Rose the teen who was killed in July 2005 in an accident while driving a GM (GM) car outfitted with a defective ignition switch .”
Source: http://money.cnn.com/2015/04/09/news/companies/gm-airbag-tax-break/
See letter to GM and “response” attached.
Taxpayers should also know how GM valued the lives lost. Was it the $9.1 million used in the DOT Policy Guidance? See attached DOT Policy.
If GM were required to pay the DOT value and it not be tax deductible, then all Americans would benefit. GM would have a greater incentive to provide safer vehicles to their customers and to the protection of us all from uncontrolled vehicles.
Lou
