This is worse than bad economics. He wants to remove tax incentives for Oil & Gas producers in the U.S. Why? B/c Oil and Gas industry is typically conservative and is booming in red states. Soros probably sees it as an obstacle since it funds mostly right wing causes. This not about economics or the enviroment. Its an politically motivated assasination attempt one of the best remaining sectors in this country.
Obama and his cronies probably have no clue that we are signator to the international Tax treaty.
If this ever went through, you would see our American Multi- national companies break up and become several seperate companies. Those in foreign countries would then be sold to local competitors.
When you have only 5% of your advisers come out of private enterprise or ever held private jobs, what decisions do you expect?>
So unbelievably stupid !!