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Should the U.S. government bail out General Motors and other car-makers with tax capital? My answer is NO.because General motors and others are being miss-managed. The government should let them go under, and America will survive the ripple-effect of job losses it causes. The Internet Revenue Code sets the actual law on tax go for walks . Company filings information contains several juicy provisions for corporations. In the case of an organisation failure, the code delineates some favorable tax write-offs for worth it