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A Tax Attack on America’s Top Companies (Obama plans a $190B hit on U.S.-based multinationals)
National Review ^ | 5/6/2009 | Jim Powell

Posted on 05/06/2009 7:10:24 AM PDT by SeekAndFind

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1 posted on 05/06/2009 7:10:24 AM PDT by SeekAndFind
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To: SeekAndFind

bye bye jobs.


2 posted on 05/06/2009 7:12:02 AM PDT by Tarpon (You abolish your responsibilities, you surrender your rights.)
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To: SeekAndFind

Part of the process of preventing capital flight when the myriad Fed/Treasury schemes inevitably produce hyperinflation and a dollar crash.


3 posted on 05/06/2009 7:12:08 AM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: SeekAndFind

I didnt see Heinz on the list.

TerAYza may be forced to cut John Effin’s fun money allowance.


4 posted on 05/06/2009 7:15:28 AM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: SeekAndFind
And I'm willing to bet that most, if not all, of these companies enthusiastically endorsed & donated to The First Thug.

Serves 'em right.

5 posted on 05/06/2009 7:15:50 AM PDT by kromike
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To: jiggyboy
Part of the process of preventing capital flight when the myriad Fed/Treasury schemes inevitably produce hyperinflation and a dollar crash.

AND - the real reason that the US (and others) are so keen on breaking through Swiss Bank Secrecy laws!

6 posted on 05/06/2009 7:18:07 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: SeekAndFind

7 posted on 05/06/2009 7:21:41 AM PDT by Dallas59 ("You know the one with the big ears? He might be yours, but he ain't my president.")
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To: SeekAndFind

The so-called “trickle down economics” label was pinned on Reagan-era economic policy, but it is really just “economics.” When the producers produce, everyone benefits. If you tax and demonize the producers, they produce less, and the effects will be felt all the way through the economy - lost jobs, lower stock prices and lost pension fund equity, less borrowing, etc., etc. Obama and his team know this, but ideology trumps economy with this crowd. We have one foot in the socialism grave and another one on a banana peel.

Hate to say it again, but we deserve this. By “we,” I mean Americans - the Obama voters, wishy washy moderates and conservatives who didn’t hold our leadership accountable for abandoning conservative principles, especially fiscal responsibility, thus leading to Obama’s victory.

We are at a turning point in the history of the greatest nation on earth. Hang on, folks. It’s gonna be a bumpy ride.


8 posted on 05/06/2009 7:21:48 AM PDT by Sharkfish
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To: SeekAndFind
I'd move my company to Ireland in a heartbeat.....

Responsble companies will take a stand....and eventually Obama will be defeated...... I doubt that he will ever admit the benefits of low taxation. Socialists and Marxists never did and never will....

He has an economic death wish for America.

9 posted on 05/06/2009 7:22:42 AM PDT by cbkaty (I may not always post...but I am always here......)
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To: cbkaty

“I’d move my company to Ireland in a heartbeat.....”

As would I! That 12.5% corporate tax rate works for me!


10 posted on 05/06/2009 7:27:20 AM PDT by ScottinVA (Impeach President Soros!!!)
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To: Dallas59

Wow, nice job. Something tells me the “Socialist Realism School” of art is about to make a comeback.


11 posted on 05/06/2009 7:27:23 AM PDT by andy58-in-nh (You have enemies? Good. That means you've stood up for something, sometime in your life.)
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To: SeekAndFind
Bookmarked.

They will, to a company, have to initiate REDUCTIONS IN FORCE (i.e. FIRINGS and LAYOFFS) of American employees to cover these increased taxes. To balance the bottom line or stay in the black, you have to make it up somewhere.

This fool in the White House is really a work of art, eh? Everything he touches seems to turn to guano.

Where did these people get their MBAs, at Sears?

They just dont know how things work. How simplistic. This is almost like their TARP drafting.

12 posted on 05/06/2009 7:27:42 AM PDT by AmericanInTokyo (Obama is a lost cause. Dictator, to the core. America is doomed if THE PEOPLE continue to sleep!)
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To: SeekAndFind

Tax policies that are driving business from CA and MI will kill it for the entire country. No worries, though — He, The One, is the Messiah and can NEVER be wrong!


13 posted on 05/06/2009 7:29:15 AM PDT by ScottinVA (Impeach President Soros!!!)
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To: ScottinVA
“I’d move my company to Ireland in a heartbeat.....” As would I! That 12.5% corporate tax rate works for me!

The Republic of Texas sounds better with a corporate tax rate of 0%......and no income tax...

Imagine all corporations flocking to Texas.....

I can dream can't I?

14 posted on 05/06/2009 7:32:31 AM PDT by cbkaty (I may not always post...but I am always here......)
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To: Sharkfish
The problem may well no longer Obama (despite my earlier rants and rants to come) but at the end of the day, now perhaps truly rests on and with The American People. They have had over three months to analyze this man now. If he is still in the 60% territory of job approval, then that says something alarming and shocking about the United States today...but we may have to face the fact its just a plain different place than what many of us grew up in.
15 posted on 05/06/2009 7:35:54 AM PDT by AmericanInTokyo (Obama is a lost cause. Dictator, to the core. America is doomed if THE PEOPLE continue to sleep!)
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To: AmericanInTokyo
If he is still in the 60% territory of job approval, then that says something alarming and shocking about the United States today

Public schrools, newspapers, and MSM have a dramatic impact on the naivete of the people. May God show the light to the ignorant.

16 posted on 05/06/2009 7:39:03 AM PDT by cbkaty (I may not always post...but I am always here......)
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To: AmericanInTokyo

Are you paying attention now, corporate America, or do I have to hit you over the head again with my baseball bat until you freakin’ get it...


17 posted on 05/06/2009 7:39:25 AM PDT by Ev Reeman
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To: SeekAndFind

Total lunacy....

The general public is not YET feeling the effects of all of Obama’s foolish policies.....but they WILL.

Call for REFORM in 2010 - 2012!!!!!!!!!!!!!!!!!!!!!!!!!!


18 posted on 05/06/2009 7:40:50 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified DeCartes))
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To: Ev Reeman
It may even take more of the cancer spreading before the patient wakes up. But with that, options will be dwindling.

Would love to get the take of some of the Silicon Valley types of US firms with overseas ops. and profit generating centers, who supported Obama and gave him money and claimed he was the best thing since iced tea.

Now watch their companies really begun to suffer. Will the re-cant? (Probably NO. Too much pride involved)....

19 posted on 05/06/2009 7:43:43 AM PDT by AmericanInTokyo (Obama is a lost cause. Dictator, to the core. America is doomed if THE PEOPLE continue to sleep!)
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To: SeekAndFind

What’s “US Based” about companies which fire Americans and send factories, jobs and know-how to China?

They don’t like this, then become real American companies again!

Make stuff in America. And quit whining! Sheesh.


20 posted on 05/06/2009 7:44:52 AM PDT by Cringing Negativism Network (Got Tea?)
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