I hated the GM bailout, and the banking bailout. Both setting the precedent, that businesses can be as reckless with other people's money because the govt will come into rescue them. The keep their money when they turn a profit, and we lose money paying for their losses. Don't get me started on that crap.
There is a big difference between reducing the tax burden, ie letting them keep more of their own money, on a company and actually giving them tax dollars via a bailout.