A Boatload of Tax Breaks

Two big defense contractors are getting big tax breaks from the corporate tax bill that cleared Congress. General Dynamics and Northrop Grumman will get to postpone taxes on profits from building ships and submarines for taxpayers. A tax break on top of the bill they send us. Maybe they weren't the low bidders after all. The little-noticed part of the big bill will save the defense companies nearly $500 million over the next 10 years. (NYT)