Surprise! D.C. closed a corporate tax loophole, and saw a bunch more tax revenue as a consequence.

Hank the Cat, a candidate for the open U.S. Senate seat in Virginia, released his income tax filing yesterday. He paid $0 in federal taxes on an income of $5,000 after taking some sweet deductions.

Remember last week, when the Washington Post reported that Pepco had received several million dollars more in federal tax credits over the past few years than it had paid in taxes?

It sure has been a rough couple of years for Pepco. Or has it?