Skip to comments.(Exempt) Obama: Offshore 'tax inversions' are unpatriotic
Posted on 07/26/2014 9:55:40 AM PDT by LibloatherEdited on 07/26/2014 9:57:18 AM PDT by Admin Moderator. [history]
WASHINGTON (AP) — President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.
Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.
(Excerpt) Read more at news.msn.com ...
Obama wouldn’t know patriotic unless it bit him in the ass, which I hope it soon does.
Hey Obama, the companies didn’t make the rules.
If you want them back, make it in their best interest to come back. And I’m taking about a carrot not a stick.
Look up all the companies that support Obama. Most of the leftists grab at tax advantages when they can.
G.E. (owns CNBC) paid zero taxes.
Wasn’t it Ted Kennedy that started this legislation to protect his boot legging based trust fund.
Hmmm...stealing from taxpayers (most of which have stocks in their 401K’s with crippling, world’s-highest corporate tax rates), a high capital gains tax, forcing people to stay in your country (Berlin Wall, Soviet exit visas), and preventing re-investment in the US seems even more unpatriotic.
In before the ‘bring jobs back. Just saaayyyin’.’
I guess the next step is for me to be all up in arms about the corporations not ‘paying their fair share’ so that I’ll forget all about that other unpatriotic issue of the open southern border.
Rather than motor mouth, Obama should have his people research the loopholes he doesn’t like, and find out who wrote the legislation, who voted for it, and who signed it into law. THEN go on the attack!
So many problems to fix, so little time.
I guess the taxpayers are going to have to buy King Barry a new refill for his pen.
Straight out of Atlas Shrugged. Wesley Mouch and his ilk would be so very proud.
What many fail to realize is that most of these companies have been calling themselves “multinationals” for years. They have expanded so much overseas that some have greater sales outside the US and larger profits overseas than the US. If you make 60% of your profit overseas...then you are better off being organized as a non-US company. Just the facts of life that the management and shareholders can’t ignore. Either the US changes their tax laws to be competitive, or they institute currency and capital controls that will just further make us into a Banana Republic...locking companies in and out of the country.
We are getting close now.
He called President Boosh unpatriotic for increasing the debt by trillions.
He’s since admitted that he didn’t really give a sh!t and that it was pure partisan politics.
Obama lies like a Stalinist.
Worst example in his I HAVE A TAX speech is that he blames our declining military on these “unpatriotic” ‘tax cheats’. He’s decimated our military by willful design.
I loathe red diaper doper babies.
Next DNC talking point, companies that flee California to move to Texas are “unpatriotic”....
Then lower the taxes, idiot.
All the anti-business regulations spewing forth from the sitting president’s pen; all the anti-business rhetoric coming from any Democrat; all the regulations being sprung by the EPA; all of which are anti-American, and why?
The business of America has always been, before this decrepid Queer-In-Charge usurper, WAS BUSINESS, , and the making of money, which is why a lot of folks came here!
Notice how totalitarians always invoke "fair" when they are attempting to steal something? Fair only applies to sporting events. What applies here is law. And no entity is obligated to manage its affairs for the benefit of the government.
And by the way, what would Illegal Alien Obama know about the obligations of citizenship?!
if you want companies to come back, along with their capital and jobs while shoring up the banks, then remove ALL corporate taxes on funds left in the banks at the end of the year. if they pushed money to distribution, wages, or bonuses, then it would be taxed at that time. until then, it would sit in the bank or markets gathering interest and helping the economy.
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